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

Contents:

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

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

In October 2023, the average export price for offal, edible; of bovine animals, tongues, frozens amounted to $8,099 per ton, picking up by 29% against the previous month. In general, export price indicated moderate growth from October 2022 to October 2023: its price increased at an average monthly rate of +2.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for offal, edible; of bovine animals, tongues, frozens increased by +14.9% against June 2023 indices. The pace of growth appeared the most rapid in June 2023 an increase of 68% against the previous month. The export price peaked in October 2023.

There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Japan ($9,192 per ton), while the average price for exports to Ukraine stood at $3,660 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for offal, edible; of bovine animals, tongues, frozens amounted to $1,832 per ton, reducing by -21.6% against the previous year. Overall, the import price saw a noticeable downturn. The growth pace was the most rapid in 2018 when the average import price increased by 35% against the previous year. Over the period under review, average import prices attained the peak figure at $3,283 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($5,046 per ton), while the price for Lithuania ($1,291 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, shipments abroad of offal, edible; of bovine animals, tongues, frozens decreased by -3.2% to 2K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 17%.

In value terms, exports of offal, edible; of bovine animals, tongues, frozens surged to $15M in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 55% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. Japan (860.4 tons)
2. Netherlands (402.0 tons)
3. Germany (143.0 tons)
4. Lithuania (132.6 tons)
5. Ukraine (118.8 tons)
6. Denmark (107.6 tons)
7. Czech Republic (48.2 tons)
8. United Kingdom (15.2 tons)

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

Imports of offal, edible; of bovine animals, tongues, frozens into Poland amounted to 165 tons in 2022, remaining constant against 2021. Over the period under review, imports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 14%.

In value terms, imports of offal, edible; of bovine animals, tongues, frozens shrank rapidly to $302K in 2022. In general, imports, however, saw a precipitous curtailment. The smallest decline of -8% was in 2021.

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

1. Lithuania (129.9 tons)
2. Norway (20.3 tons)
3. Germany (10.7 tons)
4. Italy (3.9 tons)
5. Hungary (0.2 tons)
6. Czech Republic (0.1 tons)

Source: IndexBox Market Intelligence Platform