Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Latvia - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Latvia (CIF) - 2022
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Latvia (FOB) - 2022
- Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Latvia
- Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Latvia
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Latvia (CIF) - 2022
The average import price for offal, edible; of bovine animals, tongues, frozens stood at $4,118 per ton in 2022, growing by 18% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 22%. The import price peaked at $4,708 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($4,909 per ton) and Estonia ($4,639 per ton), while the price for Lithuania ($3,950 per ton) and Poland ($4,098 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Latvia (FOB) - 2022
The average export price for offal, edible; of bovine animals, tongues, frozens stood at $4,661 per ton in 2022, rising by 5.9% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for offal, edible; of bovine animals, tongues, frozens increased by +103.7% against 2016 indices. The pace of growth was the most pronounced in 2019 an increase of 46%. The export price peaked in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($6,721 per ton), while the average price for exports to Bulgaria ($3,400 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Latvia
In 2022, purchases abroad of offal, edible; of bovine animals, tongues, frozens was finally on the rise to reach 153 tons after two years of decline. In general, imports, however, showed a precipitous slump.
In value terms, imports of offal, edible; of bovine animals, tongues, frozens surged to $630K in 2022. Over the period under review, imports, however, continue to indicate a abrupt contraction.
| Import of Offal, Edible; of Bovine Animals, Tongues, Frozen in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 499 | 166 | 311 | 424 | -5.3% |
| Finland | 67.1 | 0.7 | N/A | 82.1 | 7.0% |
| Estonia | 140 | 266 | 53.8 | 51.7 | -28.3% |
| Netherlands | N/A | 24.3 | 10.2 | 48.0 | 40.5% |
| Poland | 42.5 | 9.8 | 26.2 | 24.3 | -17.0% |
| Spain | 45.3 | N/A | N/A | N/A | 0% |
| Sweden | N/A | 34.9 | 5.6 | N/A | -84.0% |
| United Kingdom | 89.4 | 37.3 | N/A | N/A | -58.3% |
| Others | 24.0 | 19.9 | 5.1 | N/A | -53.9% |
| Total | 907 | 559 | 412 | 630 | -11.4% |
Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to Latvia in 2022:
- Lithuania (107.2 tons)
- Finland (18.8 tons)
- Estonia (11.2 tons)
- Netherlands (9.8 tons)
- Poland (5.9 tons)
Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Latvia
In 2022, shipments abroad of offal, edible; of bovine animals, tongues, frozens increased by 715% to 39 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a sharp setback.
In value terms, exports of offal, edible; of bovine animals, tongues, frozens soared to $180K in 2022. In general, exports, however, continue to indicate a abrupt curtailment.
| Export of Offal, Edible; of Bovine Animals, Tongues, Frozen in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | N/A | N/A | 16.3 | 78.9 | 384.0% |
| Netherlands | 5.2 | 86.1 | N/A | 68.6 | 136.3% |
| Lithuania | 43.2 | 34.6 | N/A | 23.7 | -18.1% |
| Estonia | 39.3 | 15.0 | 2.2 | 5.4 | -48.4% |
| Bulgaria | N/A | N/A | 2.3 | 3.0 | 30.4% |
| Hungary | 246 | N/A | N/A | N/A | 0% |
| Others | 3.0 | 2.5 | N/A | N/A | -16.7% |
| Total | 337 | 138 | 20.8 | 180 | -18.9% |
Top Export Markets for Offal, Edible; of Bovine Animals, Tongues, Frozen from Latvia in 2022:
- Finland (17.7 tons)
- Netherlands (14.4 tons)
- Lithuania (4.7 tons)
- Bulgaria (0.9 tons)
- Estonia (0.8 tons)
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