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

Contents:

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

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

In November 2023, the average import price for offal, edible; of bovine animals, tongues, frozens amounted to $3,671 per ton, surging by 18% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in April 2023 an increase of 51% m-o-m. As a result, import price attained the peak level of $4,227 per ton. From May 2023 to November 2023, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was Poland ($3,685 per ton), while the price for Hungary amounted to $2,743 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Brazil (+90.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for offal, edible; of bovine animals, tongues, frozens stood at $6,055 per ton in 2022, declining by -9.4% against the previous year. Overall, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 an increase of 88%. Over the period under review, the average export prices attained the maximum at $10,780 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($9,682 per ton), while the average price for exports to the Netherlands ($4,020 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of offal, edible; of bovine animals, tongues, frozens into Ukraine contracted significantly to 373 tons, waning by -52.7% compared with 2021 figures. In general, imports showed a dramatic decline. The pace of growth appeared the most rapid in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of 789 tons, and then shrank dramatically in the following year.

In value terms, imports of offal, edible; of bovine animals, tongues, frozens fell remarkably to $1.1M in 2022. Over the period under review, imports faced a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 33% against the previous year. As a result, imports reached the peak of $1.9M, and then contracted notably in the following year.

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

1. Brazil (132.9 tons)
2. Poland (89.5 tons)
3. Argentina (59.1 tons)
4. Sweden (33.0 tons)
5. Hungary (24.9 tons)
6. Norway (20.0 tons)
7. Finland (13.6 tons)

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

For the third consecutive year, Ukraine recorded decline in shipments abroad of offal, edible; of bovine animals, tongues, frozens, which decreased by -38% to 660 kg in 2022. Over the period under review, exports recorded a dramatic downturn. The smallest decline of -33.6% was in 2021.

In value terms, exports of offal, edible; of bovine animals, tongues, frozens declined notably to $4K in 2022. In general, exports recorded a sharp descent. The smallest decline of -38.6% was in 2021.

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

1. Moldova (400.0 kg)
2. Georgia (58.0 kg)
3. Netherlands (50.0 kg)
4. Liberia (43.0 kg)
5. Bulgaria (23.0 kg)
6. Montenegro (22.0 kg)
7. Marshall Islands (22.0 kg)

Source: IndexBox Market Intelligence Platform