Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Hong Kong SAR - 2023

Contents:

1. Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Hong Kong SAR (CIF) - 2023
2. Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Hong Kong SAR (FOB) - 2022
3. Imports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Hong Kong SAR
4. Exports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Hong Kong SAR

Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Hong Kong SAR (CIF) - 2023

In November 2023, the average import price for offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen amounted to $2,926 per ton, surging by 10% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in February 2023 when the average import price increased by 22% m-o-m. As a result, import price attained the peak level of $3,045 per ton. From March 2023 to November 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was China ($9,891 per ton), while the price for Brazil ($1,547 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Ireland (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Hong Kong SAR (FOB) - 2022

The average export price for offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen stood at $3,579 per ton in 2022, picking up by 21% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen decreased by -12.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 99% against the previous year. As a result, the export price reached the peak level of $4,090 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($11,980 per ton), while the average price for exports to Vietnam ($2,227 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 South Korea (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in supplies from abroad of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen, which decreased by -69.1% to 5.5K tons in 2022. Over the period under review, imports faced a sharp downturn. The smallest decline of -0.8% was in 2020.

In value terms, imports of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen contracted notably to $15M in 2022. In general, imports saw a significant contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. As a result, imports reached the peak of $60M, and then reduced rapidly in the following year.

Top Suppliers of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen to Hong Kong SAR in 2022:

1. Australia (2628.9 tons)
2. New Zealand (1996.8 tons)
3. Uruguay (301.5 tons)
4. China (230.8 tons)
5. United Kingdom (23.7 tons)

Exports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Hong Kong SAR

Exports of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen from Hong Kong SAR fell dramatically to 902 tons in 2022, with a decrease of -38.2% against 2021 figures. Overall, exports continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 596%.

In value terms, exports of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen declined sharply to $3.2M in 2022. In general, exports faced a dramatic shrinkage. The growth pace was the most rapid in 2021 when exports increased by 405% against the previous year.

Top Export Markets for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen from Hong Kong SAR in 2022:

1. Taiwan (Chinese) (641.1 tons)
2. Vietnam (180.7 tons)
3. South Korea (41.1 tons)
4. Macao SAR (38.8 tons)

Source: IndexBox Market Intelligence Platform