Price for Offal, Edible; of Swine, Fresh or Chilled in Ireland - 2023

Price for Offal, Edible; of Swine, Fresh or Chilled in Ireland (FOB) - 2023

In October 2023, the average export price for offal, edible; of swine, fresh or chilled amounted to $633 per ton, which is down by -5.2% against the previous month. Over the period under review, export price indicated a perceptible expansion from October 2022 to October 2023: its price increased at an average monthly rate of +2.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for offal, edible; of swine, fresh or chilled decreased by -24.4% against May 2023 indices. The pace of growth was the most pronounced in April 2023 an increase of 28% month-to-month. Over the period under review, the average export prices attained the peak figure at $838 per ton in May 2023; however, from June 2023 to October 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In October 2023, the country with the highest price was the UK ($631 per ton), while the average price for exports to Denmark amounted to $579 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.9%).

Price for Offal, Edible; of Swine, Fresh or Chilled in Ireland (CIF) - 2022

The average import price for offal, edible; of swine, fresh or chilled stood at $796 per ton in 2022, which is down by -24.7% against the previous year. In general, the import price faced a deep reduction. The growth pace was the most rapid in 2014 when the average import price increased by 8% against the previous year. As a result, import price reached the peak level of $3,321 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($2,499 per ton), while the price for the UK amounted to $772 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-4.9%).

Exports of Offal, Edible; of Swine, Fresh or Chilled in Ireland

In 2022, the amount of offal, edible; of swine, fresh or chilled exported from Ireland surged to 3.2K tons, rising by 39% against 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 78%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of offal, edible; of swine, fresh or chilled surged to $1.6M in 2022. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 62% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Export of Offal, Edible; of Swine, Fresh or Chilled in Ireland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Denmark	110	16.1	478	870	99.2%
United Kingdom	506	1,002	620	694	11.1%
Others	12.8	N/A	14.5	46.6	53.8%
Total	629	1,018	1,113	1,610	36.8%

Top Export Markets for Offal, Edible; of Swine, Fresh or Chilled from Ireland in 2022:

United Kingdom (1.7K tons)
Denmark (1.5K tons)

Imports of Offal, Edible; of Swine, Fresh or Chilled in Ireland

In 2022, supplies from abroad of offal, edible; of swine, fresh or chilled decreased by -50.9% to 272 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 37,428% against the previous year.

In value terms, imports of offal, edible; of swine, fresh or chilled plummeted to $216K in 2022. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 20,046%.