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

Contents:

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

Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Singapore (CIF) - 2022

The average import price for offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen stood at $2,204 per ton in 2022, waning by -11.5% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 an increase of 33%. Over the period under review, average import prices hit record highs at $2,490 per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($3,003 per ton), while the price for Ireland ($1,634 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+7.7%), 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 Singapore (FOB) - 2022

The average export price for offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen stood at $10,079 per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price enjoyed strong growth. The most prominent rate of growth was recorded in 2019 a decrease of -5.3% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($13,350 per ton), while the average price for exports to Timor-Leste ($2,491 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 Malaysia (-0.1%), while the prices for the other major destinations experienced a decline.

Imports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Singapore

In 2022, approx. 1.8K tons of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen were imported into Singapore; with a decrease of -4.1% compared with the year before. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 49% against the previous year. As a result, imports attained the peak of 1.8K tons, and then fell in the following year.

In value terms, imports of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen fell remarkably to $3.9M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 60%. As a result, imports reached the peak of $4.6M, and then shrank significantly in the following year.

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

1. Australia (1667.1 tons)
2. Ireland (45.3 tons)
3. New Zealand (33.7 tons)

Exports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Singapore

In 2022, after two years of decline, there was decline in shipments abroad of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen, when their volume decreased by 0% to 369 kg. Overall, exports faced a precipitous contraction. The smallest decline of 99.9% was in 2020.

In value terms, exports of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen amounted to $3.7K in 2022. In general, exports showed a dramatic contraction. The smallest decline of 99.9% was in 2020.

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

1. Indonesia (239.0 kg)
2. Timor-Leste (110.0 kg)
3. Maldives (20.0 kg)

Source: IndexBox Market Intelligence Platform