Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Mexico - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Mexico (CIF) - 2023
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Mexico (FOB) - 2023
- Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Mexico
- Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Mexico
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Mexico (CIF) - 2023
The average import price for offal, edible; of bovine animals, tongues, frozens stood at $4,778 per ton in November 2023, picking up by 23% against the previous month. Overall, the import price, however, saw a noticeable curtailment. The import price peaked at $9,763 per ton in February 2023; however, from March 2023 to November 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From November 2022 to November 2023, the rate of growth in terms of prices for Nicaragua amounted to -0.6% per month.
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Mexico (FOB) - 2023
In November 2023, the average export price for offal, edible; of bovine animals, tongues, frozens amounted to $10,319 per ton, stabilizing at the previous month. In general, the export price saw a prominent expansion. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 14% m-o-m. Over the period under review, the average export prices attained the peak figure in November 2023.
Average prices varied noticeably for the major export markets. In November 2023, the country with the highest price was the United States ($10,690 per ton), while the average price for exports to Japan totaled $10,117 per ton.
From March 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+5.5%).
Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Mexico
After two years of decline, supplies from abroad of offal, edible; of bovine animals, tongues, frozens increased by 106% to 741 tons in 2022. Over the period under review, imports, however, showed a sharp contraction.
In value terms, imports of offal, edible; of bovine animals, tongues, frozens surged to $5.5M in 2022. Overall, imports, however, saw a deep setback.
| Import of Offal, Edible; of Bovine Animals, Tongues, Frozen in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.1 | 4.4 | 1.6 | 5.3 | -9.3% |
| Nicaragua | 1.2 | 0.8 | 0.4 | 0.1 | -56.3% |
| Canada | 0.4 | 0.3 | 0.1 | N/A | -50.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.6 | 5.6 | 2.1 | 5.5 | -13.8% |
Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to Mexico in 2022:
- United States (727.3 tons)
- Nicaragua (14.1 tons)
Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Mexico
In 2022, the amount of offal, edible; of bovine animals, tongues, frozens exported from Mexico expanded notably to 1.5K tons, surging by 15% against 2021. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 58%. As a result, the exports attained the peak of 2.5K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of offal, edible; of bovine animals, tongues, frozens surged to $6.8M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.0% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 73% against the previous year. As a result, the exports reached the peak of $8.5M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Offal, Edible; of Bovine Animals, Tongues, Frozen in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.9 | 8.3 | 4.7 | 6.8 | 11.5% |
| Others | N/A | 0.2 | 0.4 | N/A | 100.0% |
| Total | 4.9 | 8.5 | 5.1 | 6.8 | 11.5% |
Top Export Markets for Offal, Edible; of Bovine Animals, Tongues, Frozen from Mexico in 2022:
- Japan (1534.4 tons)
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