Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Italy - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Italy (FOB) - 2023
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Italy (CIF) - 2023
- Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Italy
- Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Italy
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Italy (FOB) - 2023
The average export price for offal, edible; of bovine animals, tongues, frozens stood at $10,551 per ton in October 2023, jumping by 34% against the previous month. Over the period under review, export price indicated a strong increase from October 2022 to October 2023: its price increased at an average monthly rate of +6.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for offal, edible; of bovine animals, tongues, frozens increased by +34.2% against September 2023 indices. The growth pace was the most rapid in February 2023 when the average export price increased by 85% month-to-month. As a result, the export price attained the peak level of $14,437 per ton. From March 2023 to October 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In October 2023, the country with the highest price was Japan ($10,658 per ton), while the average price for exports to Canada amounted to $7,635 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Italy (CIF) - 2023
The average import price for offal, edible; of bovine animals, tongues, frozens stood at $6,113 per ton in August 2023, leveling off at the previous month. Overall, the import price saw a slight increase. The growth pace was the most rapid in March 2023 when the average import price increased by 18% month-to-month. As a result, import price reached the peak level of $6,390 per ton. From April 2023 to August 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the highest price was recorded for prices from the Netherlands ($6,475 per ton) and Spain ($5,950 per ton), while the price for Denmark ($5,618 per ton) and Poland ($5,639 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Poland (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Italy
In 2022, the amount of offal, edible; of bovine animals, tongues, frozens exported from Italy skyrocketed to 858 tons, rising by 17% on 2021 figures. In general, exports, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year.
In value terms, exports of offal, edible; of bovine animals, tongues, frozens surged to $6.6M in 2022. Overall, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 68%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Offal, Edible; of Bovine Animals, Tongues, Frozen in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,445 | 2,550 | 3,681 | 4,153 | 19.3% |
| Canada | 308 | 270 | 374 | 971 | 46.6% |
| France | 398 | 56.4 | 474 | 454 | 4.5% |
| Belarus | 364 | N/A | 246 | 365 | 0.1% |
| Netherlands | 70.3 | 31.6 | 11.5 | 202 | 42.2% |
| Bulgaria | 157 | 19.7 | 30.1 | 87.3 | -17.8% |
| Vietnam | 16.5 | N/A | N/A | 48.5 | 43.2% |
| Hong Kong SAR | 74.9 | 168 | 66.9 | 22.5 | -33.0% |
| Others | 596 | 95.1 | 491 | 341 | -17.0% |
| Total | 4,430 | 3,191 | 5,375 | 6,645 | 14.5% |
Top Export Markets for Offal, Edible; of Bovine Animals, Tongues, Frozen from Italy in 2022:
- Japan (342.2 tons)
- Canada (144.1 tons)
- France (81.5 tons)
- Netherlands (67.1 tons)
- Belarus (59.2 tons)
- Vietnam (50.0 tons)
- Bulgaria (47.8 tons)
- Hong Kong SAR (9.6 tons)
Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Italy
Imports of offal, edible; of bovine animals, tongues, frozens into Italy dropped to 334 tons in 2022, waning by -13.7% on 2021 figures. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, imports reached the peak of 387 tons, and then fell in the following year.
In value terms, imports of offal, edible; of bovine animals, tongues, frozens soared to $1.8M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 38%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Offal, Edible; of Bovine Animals, Tongues, Frozen in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 87.5 | 160 | 241 | 370 | 61.7% |
| Belgium | 1.6 | 40.2 | 196 | 366 | 511.6% |
| Netherlands | 205 | 222 | 200 | 235 | 4.7% |
| Denmark | N/A | N/A | 119 | 232 | 95.0% |
| Finland | 65.3 | N/A | 349 | 129 | 25.5% |
| Poland | 82.3 | 14.2 | 15.0 | 110 | 10.2% |
| Norway | N/A | 119 | N/A | 107 | -5.2% |
| Spain | 513 | 376 | 237 | 88.6 | -44.3% |
| Ireland | 127 | 89.3 | 87.7 | 84.8 | -12.6% |
| Others | 78.6 | 121 | 134 | 116 | 13.9% |
| Total | 1,161 | 1,141 | 1,579 | 1,838 | 16.5% |
Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to Italy in 2022:
- Sweden (85.7 tons)
- Belgium (58.3 tons)
- Denmark (45.5 tons)
- Netherlands (33.8 tons)
- Finland (22.4 tons)
- Poland (20.8 tons)
- Norway (19.5 tons)
- Spain (18.7 tons)
- Ireland (11.4 tons)
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