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

Contents:

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

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

In 2022, the average export price for offal, edible; of bovine animals, tongues, frozens amounted to $2,933 per ton, surging by 2.6% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. The export price peaked at $2,939 per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($2,981 per ton), while the average price for exports to Bosnia and Herzegovina totaled $1,707 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-2.0%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for offal, edible; of bovine animals, tongues, frozens amounted to $1,044 per ton, shrinking by -48.5% against the previous year. Over the period under review, the import price recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by 846%. As a result, import price reached the peak level of $48,088 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,925 per ton), while the price for Hungary amounted to $1,018 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-8.3%).

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

In 2022, overseas shipments of offal, edible; of bovine animals, tongues, frozens decreased by -43.6% to 15 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2021 with an increase of 72% against the previous year. As a result, the exports attained the peak of 27 tons, and then dropped dramatically in the following year.

In value terms, exports of offal, edible; of bovine animals, tongues, frozens contracted markedly to $44K in 2022. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 91% against the previous year. As a result, the exports reached the peak of $76K, and then fell rapidly in the following year.

Export of Offal, Edible; of Bovine Animals, Tongues, Frozen in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia7.712.068.743.177.6%
Bosnia and Herzegovina1.91.32.51.0-19.3%
Hong Kong SAR6.2N/AN/AN/A0%
North Macedonia2.41.51.6N/A-18.4%
Montenegro2.12.73.0N/A19.5%
Belarus15.022.1N/AN/A47.3%
OthersN/AN/A0.3N/A0%
Total35.439.776.044.07.5%

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

  1. Russia (14.4 tons)
  2. Bosnia and Herzegovina (0.6 tons)

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

In 2022, imports of offal, edible; of bovine animals, tongues, frozens into Serbia soared to 8.3 tons, increasing by 20% against the previous year. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 951% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of offal, edible; of bovine animals, tongues, frozens declined rapidly to $8.7K in 2022. Overall, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 84% against the previous year. As a result, imports reached the peak of $19K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Offal, Edible; of Bovine Animals, Tongues, Frozen in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
HungaryN/AN/AN/A8.30%
Netherlands10.51.614.10.5-63.8%
OthersN/A17.8N/AN/A0%
Total10.519.414.18.7-6.1%

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

  1. Hungary (8.1 tons)
  2. Netherlands (0.2 tons)

Source: IndexBox Market Intelligence Platform

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