Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in the UK - 2023
Contents:
- Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in the UK (CIF) - 2023
- Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in the UK (FOB) - 2023
- Imports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in the UK
- Exports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in the UK
Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in the UK (CIF) - 2023
The average import price for offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen stood at $3,766 per ton in December 2023, increasing by 6% against the previous month. In general, import price indicated a notable expansion from December 2022 to December 2023: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen increased by +29.7% against October 2023 indices. The pace of growth was the most pronounced in February 2023 when the average import price increased by 57% against the previous month. Over the period under review, average import prices hit record highs at $4,937 per ton in September 2023; however, from October 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($5,640 per ton), while the price for Spain ($2,263 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+3.2%), 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 the UK (FOB) - 2023
The average export price for offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen stood at $1,740 per ton in December 2023, which is down by -30.7% against the previous month. Overall, the export price recorded a pronounced reduction. The pace of growth was the most pronounced in November 2023 when the average export price increased by 136% month-to-month. Over the period under review, the average export prices hit record highs at $2,845 per ton in May 2023; however, from June 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Germany ($6,573 per ton), while the average price for exports to Cote d'Ivoire ($996 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+29.7%), 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 the UK
In 2022, imports of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen into the UK skyrocketed to 7.2K tons, increasing by 22% compared with the previous year's figure. Overall, imports, however, recorded a slight setback.
In value terms, imports of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen skyrocketed to $25M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.7% 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 +50.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 15.5 | 15.2 | 17.3 | 19.6 | 8.1% |
| Ireland | 1.7 | 0.7 | 0.5 | 3.9 | 31.9% |
| Australia | 0.7 | 0.6 | 1.0 | 1.1 | 16.3% |
| Iceland | 0.8 | 0.3 | 0.4 | 0.5 | -14.5% |
| Spain | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Others | 0.1 | 0.1 | 0.3 | 0.1 | 0.0% |
| Total | 18.8 | 16.9 | 19.5 | 25.4 | 10.5% |
Top Suppliers of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen to the UK in 2022:
- New Zealand (5.3K tons)
- Ireland (1.4K tons)
- Australia (0.2K tons)
- Iceland (0.1K tons)
- Spain (0.1K tons)
Exports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in the UK
For the third consecutive year, the UK recorded decline in overseas shipments of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen, which decreased by -21.8% to 785 tons in 2022. In general, exports showed a dramatic decline.
In value terms, exports of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen fell markedly to $1.8M in 2022. Overall, exports continue to indicate a precipitous contraction. The smallest decline of -20.9% was in 2021.
| Export of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 227 | 138 | 302 | 752 | 49.1% |
| Belgium | 8.7 | 11.4 | 44.7 | 182 | 175.5% |
| Ghana | 236 | 209 | 193 | 118 | -20.6% |
| Ireland | 472 | 176 | 300 | 111 | -38.3% |
| Germany | 46.0 | 617 | 7.2 | 106 | 32.1% |
| Netherlands | 36.5 | 78.6 | 99.1 | 98.0 | 39.0% |
| Italy | N/A | 0.5 | 6.3 | 51.2 | 911.9% |
| Cote d'Ivoire | 72.3 | N/A | N/A | 49.0 | -12.2% |
| Hong Kong SAR | 2,790 | 1,551 | 1,099 | N/A | -37.2% |
| Vietnam | 480 | N/A | 8.0 | N/A | -87.1% |
| South Africa | 162 | 369 | 76.8 | N/A | -31.1% |
| Others | 390 | 556 | 796 | 382 | -0.7% |
| Total | 4,921 | 3,706 | 2,932 | 1,849 | -27.8% |
Top Export Markets for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen from the UK in 2022:
- France (256.7 tons)
- Belgium (107.5 tons)
- Ghana (64.4 tons)
- Netherlands (59.4 tons)
- Germany (57.6 tons)
- Ireland (51.7 tons)
- Cote d'Ivoire (45.5 tons)
- Italy (39.9 tons)
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