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

Contents:

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

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

The average export price for offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen stood at $2,872 per ton in 2022, picking up by 9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2019 an increase of 20%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($8,266 per ton), while the average price for exports to Albania ($920 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 Kuwait (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen stood at $972 per ton in November 2023, reducing by -43.7% against the previous month. Overall, the import price saw a deep contraction. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 145% against the previous month. The import price peaked at $5,386 per ton in June 2023; however, from July 2023 to November 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($15,866 per ton), while the price for the Netherlands ($82.0 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 France (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

After three years of growth, shipments abroad of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen decreased by -12.1% to 4K tons in 2022. The total export volume increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 12%.

In value terms, exports of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen shrank modestly to $11M in 2022. The total export value increased at an average annual rate of +7.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. As a result, the exports attained the peak of $12M, and then contracted slightly in the following year.

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

1. Greece (1613.9 tons)
2. Netherlands (323.1 tons)
3. Italy (302.5 tons)
4. Hong Kong SAR (238.7 tons)
5. Denmark (219.5 tons)
6. Germany (211.3 tons)
7. France (178.8 tons)
8. United Kingdom (147.6 tons)
9. Lebanon (115.9 tons)
10. Bulgaria (105.8 tons)
11. Kuwait (86.3 tons)
12. United Arab Emirates (66.7 tons)
13. Albania (66.2 tons)

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

For the fourth consecutive year, Spain recorded growth in supplies from abroad of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen, which increased by 92% to 622 tons in 2022. In general, imports continue to indicate a significant expansion. 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 sheep, goats, horses, asses, mules or hinnies, frozen soared to $1.4M in 2022. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Portugal (381.0 tons)
2. Italy (84.4 tons)
3. France (81.1 tons)
4. New Zealand (42.5 tons)
5. Argentina (24.4 tons)
6. Netherlands (5.8 tons)
7. Ireland (2.2 tons)

Source: IndexBox Market Intelligence Platform