Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Luxembourg - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Luxembourg (FOB) - 2022
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Luxembourg (CIF) - 2022
- Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Luxembourg
- Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Luxembourg
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Luxembourg (FOB) - 2022
The average export price for offal, edible; of bovine animals, tongues, frozens stood at $5,595 per ton in 2022, approximately mirroring the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% 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 +72.7% against 2018 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 68%. Over the period under review, the average export prices attained the peak figure at $7,345 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($10,261 per ton), while the average price for exports to Germany ($4,718 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 France (+7.6%).
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Luxembourg (CIF) - 2022
The average import price for offal, edible; of bovine animals, tongues, frozens stood at $6,926 per ton in 2022, with an increase of 5.2% against the previous year. Overall, the import price, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2018 an increase of 47% against the previous year. The import price peaked at $10,314 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for France.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to +0.4% per year.
Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Luxembourg
In 2022, exports of offal, edible; of bovine animals, tongues, frozens from Luxembourg soared to 9.3 tons, with an increase of 40% compared with the year before. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.7% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of offal, edible; of bovine animals, tongues, frozens skyrocketed to $52K in 2022. Over the period under review, exports posted a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by 63% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Offal, Edible; of Bovine Animals, Tongues, Frozen in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 18.0 | 13.5 | 16.0 | 36.1 | 26.1% |
| France | 9.5 | 7.5 | 8.7 | 12.9 | 10.7% |
| Belgium | 3.6 | 1.5 | 12.0 | 3.0 | -5.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 31.0 | 22.5 | 36.6 | 52.0 | 18.8% |
Top Export Markets for Offal, Edible; of Bovine Animals, Tongues, Frozen from Luxembourg in 2022:
- Germany (7.7 tons)
- France (1.4 tons)
- Belgium (0.3 tons)
Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Luxembourg
In 2022, purchases abroad of offal, edible; of bovine animals, tongues, frozens decreased by -17.8% to 4.2 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 33% against the previous year. As a result, imports attained the peak of 6.3 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of offal, edible; of bovine animals, tongues, frozens contracted to $29K in 2022. The total import value increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 43% against the previous year. As a result, imports reached the peak of $37K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Offal, Edible; of Bovine Animals, Tongues, Frozen in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 23.4 | 32.3 | 25.5 | 29.3 | 7.8% |
| Sweden | N/A | 2.8 | N/A | N/A | 0% |
| Belgium | 1.0 | 0.3 | 6.0 | N/A | 144.9% |
| Others | 1.2 | 1.2 | 2.3 | N/A | 38.4% |
| Total | 25.6 | 36.7 | 33.8 | 29.3 | 4.6% |
Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to Luxembourg in 2022:
- France (4.2 tons)
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