Price for Offal, Edible; of Swine, Fresh or Chilled in the Czech Republic - 2023

Contents:

1. Price for Offal, Edible; of Swine, Fresh or Chilled in the Czech Republic (CIF) - 2023
2. Price for Offal, Edible; of Swine, Fresh or Chilled in the Czech Republic (FOB) - 2022
3. Imports of Offal, Edible; of Swine, Fresh or Chilled in the Czech Republic
4. Exports of Offal, Edible; of Swine, Fresh or Chilled in the Czech Republic

Price for Offal, Edible; of Swine, Fresh or Chilled in the Czech Republic (CIF) - 2023

The average import price for offal, edible; of swine, fresh or chilled stood at $1,085 per ton in October 2023, reducing by -21.6% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 30% m-o-m. Over the period under review, average import prices hit record highs at $1,457 per ton in June 2023; however, from July 2023 to October 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the Netherlands ($2,497 per ton), while the price for Germany ($971 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Swine, Fresh or Chilled in the Czech Republic (FOB) - 2022

The average export price for offal, edible; of swine, fresh or chilled stood at $1,034 per ton in 2022, picking up by 42% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +9.8% 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 swine, fresh or chilled increased by +76.9% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 85%. The export price peaked in 2022 and is expected to retain 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 Poland ($2,230 per ton), while the average price for exports to Germany ($154 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 Poland (+4.0%), while the prices for the other major destinations experienced a decline.

Imports of Offal, Edible; of Swine, Fresh or Chilled in the Czech Republic

Imports of offal, edible; of swine, fresh or chilled into the Czech Republic contracted to 3.4K tons in 2022, which is down by -12.9% compared with the year before. In general, imports showed a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of 14%. As a result, imports attained the peak of 3.9K tons, and then fell in the following year.

In value terms, imports of offal, edible; of swine, fresh or chilled rose sharply to $3.5M in 2022. The total import value increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Offal, Edible; of Swine, Fresh or Chilled to the Czech Republic in 2022:

1. Germany (2211.5 tons)
2. Austria (691.7 tons)
3. Poland (180.0 tons)
4. Belgium (172.1 tons)
5. Italy (104.7 tons)
6. Netherlands (5.8 tons)

Exports of Offal, Edible; of Swine, Fresh or Chilled in the Czech Republic

In 2022, approx. 493 tons of offal, edible; of swine, fresh or chilled were exported from the Czech Republic; surging by 3.7% compared with 2021. Overall, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 3.9%.

In value terms, exports of offal, edible; of swine, fresh or chilled skyrocketed to $509K in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Slovakia (355.3 tons)
2. Poland (68.5 tons)
3. Germany (68.1 tons)

Source: IndexBox Market Intelligence Platform