Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in the Philippines - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in the Philippines (CIF) - 2022
- Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in the Philippines
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in the Philippines (CIF) - 2022
The average import price for offal, edible; of bovine animals, tongues, frozens stood at $2,925 per ton in 2022, surging by 26% against the previous year. Overall, the import price saw a remarkable increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 111% against the previous year. The import price peaked at $3,278 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($5,194 per ton), while the price for the UK ($412 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+67.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in the Philippines
In 2022, the amount of offal, edible; of bovine animals, tongues, frozens imported into the Philippines skyrocketed to 531 tons, rising by 84% on 2021 figures. In general, imports enjoyed a significant increase. 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 soared to $1.6M in 2022. Over the period under review, imports continue to indicate significant growth. 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 the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 339 | 77.6 | 25.5 | 731 | 29.2% |
| Netherlands | 288 | 589 | 298 | 396 | 11.2% |
| Germany | N/A | N/A | N/A | 190 | 0% |
| Spain | N/A | 48.3 | N/A | 61.1 | 12.5% |
| Australia | N/A | 38.1 | 184 | 57.4 | 22.7% |
| Denmark | N/A | 69.5 | 52.7 | 34.0 | -30.1% |
| Belgium | 59.4 | 82.4 | 103 | 30.3 | -20.1% |
| France | 38.9 | 29.5 | 3.7 | 25.3 | -13.4% |
| United Kingdom | N/A | N/A | N/A | 20.8 | 0% |
| Others | 34.0 | 47.9 | 4.2 | 8.7 | -36.5% |
| Total | 759 | 982 | 671 | 1,554 | 27.0% |
Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to the Philippines in 2022:
- Ireland (204.7 tons)
- Netherlands (140.6 tons)
- Germany (58.8 tons)
- United Kingdom (50.5 tons)
- Australia (25.1 tons)
- Spain (23.8 tons)
- Denmark (13.5 tons)
- Belgium (5.8 tons)
- France (5.4 tons)
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