Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Japan - 2023

Contents:

1. Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Japan (CIF) - 2023
2. Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Japan (FOB) - 2022
3. Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Japan
4. Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Japan

Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Japan (CIF) - 2023

The average import price for offal, edible; of bovine animals, tongues, frozens stood at $10,554 per ton in November 2023, surging by 3.3% against the previous month. In general, the import price, however, saw a slight slump. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 12% m-o-m. The import price peaked at $12,109 per ton in November 2022; however, from December 2022 to November 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the countries with the highest prices were the United States ($12,171 per ton) and Canada ($12,128 per ton), while the price for Mexico ($8,554 per ton) and the Netherlands ($8,648 per ton) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Denmark (+0.5%), while the prices for the other major suppliers experienced a decline.

Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Japan (FOB) - 2022

The average export price for offal, edible; of bovine animals, tongues, frozens stood at $42,059 per ton in 2022, increasing by 804% against the previous year. Over the period under review, the export price showed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Tajikistan.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -4.5% per year.

Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Japan

In 2022, approx. 27K tons of offal, edible; of bovine animals, tongues, frozens were imported into Japan; falling by -10.6% compared with 2021 figures. The total import volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of 30K tons, and then dropped in the following year.

In value terms, imports of offal, edible; of bovine animals, tongues, frozens soared to $338M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 34%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to Japan in 2022:

1. United States (8.8K tons)
2. Australia (4.7K tons)
3. Ireland (4.0K tons)
4. New Zealand (2.3K tons)
5. Canada (1.7K tons)
6. Mexico (0.9K tons)
7. Poland (0.9K tons)

Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Japan

In 2022, after three years of growth, there was significant decline in overseas shipments of offal, edible; of bovine animals, tongues, frozens, when their volume decreased by -98.1% to 51 kg. Over the period under review, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 239% against the previous year. As a result, the exports reached the peak of 2.8 tons, and then shrank notably in the following year.

In value terms, exports of offal, edible; of bovine animals, tongues, frozens fell sharply to $2.1K in 2022. Overall, exports faced a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 291%. As a result, the exports reached the peak of $13K, and then shrank markedly in the following year.

Top Export Markets for Offal, Edible; of Bovine Animals, Tongues, Frozen from Japan in 2022:

1. Tajikistan (51.0 kg)

Source: IndexBox Market Intelligence Platform