Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Malaysia - 2024
Contents:
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Malaysia (CIF) - 2024
- Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Malaysia
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Malaysia (CIF) - 2024
In December 2023, the average import price for offal, edible; of bovine animals, tongues, frozens amounted to $6,056 per ton, increasing by 39% against the previous month. In general, the import price showed a pronounced increase. The growth pace was the most rapid in April 2023 an increase of 106% against the previous month. As a result, import price reached the peak level of $6,821 per ton. From May 2023 to December 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Australia ($30,319 per ton), while the price for India ($2,304 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Australia (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Malaysia
In 2022, after two years of decline, there was significant growth in supplies from abroad of offal, edible; of bovine animals, tongues, frozens, when their volume increased by 141% to 183 tons. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of offal, edible; of bovine animals, tongues, frozens skyrocketed to $928K in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Offal, Edible; of Bovine Animals, Tongues, Frozen in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 134 | 48.6 | 65.0 | 342 | 36.7% |
| India | 165 | 84.2 | 98.2 | 292 | 21.0% |
| Australia | 66.2 | 199 | 157 | 279 | 61.5% |
| Others | 55.8 | 13.2 | 6.9 | 15.9 | -34.2% |
| Total | 421 | 345 | 327 | 928 | 30.1% |
Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to Malaysia in 2022:
- India (132.3 tons)
- New Zealand (24.5 tons)
- Australia (24.5 tons)
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