Price for Offal, Edible; of Swine, Fresh or Chilled in the UK - 2023
Contents:
- Price for Offal, Edible; of Swine, Fresh or Chilled in the UK (FOB) - 2023
- Price for Offal, Edible; of Swine, Fresh or Chilled in the UK (CIF) - 2023
- Exports of Offal, Edible; of Swine, Fresh or Chilled in the UK
- Imports of Offal, Edible; of Swine, Fresh or Chilled in the UK
Price for Offal, Edible; of Swine, Fresh or Chilled in the UK (FOB) - 2023
The average export price for offal, edible; of swine, fresh or chilled stood at $571 per ton in November 2023, dropping by -8% against the previous month. Overall, the export price showed a perceptible downturn. The most prominent rate of growth was recorded in April 2023 an increase of 20% m-o-m. As a result, the export price attained the peak level of $1,374 per ton. From May 2023 to November 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Spain ($830 per ton), while the average price for exports to Sweden ($322 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.8%), while the prices for the other major destinations experienced a decline.
Price for Offal, Edible; of Swine, Fresh or Chilled in the UK (CIF) - 2023
The average import price for offal, edible; of swine, fresh or chilled stood at $1,229 per ton in November 2023, remaining constant against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 12% against the previous month. The import price peaked at $1,893 per ton in July 2023; however, from August 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($2,738 per ton), while the price for Ireland ($500 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 Germany (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Offal, Edible; of Swine, Fresh or Chilled in the UK
Exports of offal, edible; of swine, fresh or chilled from the UK skyrocketed to 39K tons in 2022, rising by 19% compared with the previous year. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +24.4% 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 +92.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 28%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of offal, edible; of swine, fresh or chilled skyrocketed to $27M in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 47% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Offal, Edible; of Swine, Fresh or Chilled in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 2.4 | 5.4 | 5.3 | 8.0 | 49.4% |
| Netherlands | 3.1 | 5.2 | 6.9 | 7.0 | 31.2% |
| France | 0.7 | 2.4 | 2.2 | 4.3 | 83.1% |
| Spain | N/A | 0.1 | 0.6 | 1.2 | 246.4% |
| Sweden | 1.7 | 1.8 | 0.8 | 0.9 | -19.1% |
| Germany | 0.6 | 0.4 | 0.5 | 0.8 | 10.1% |
| Poland | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Italy | 0.4 | 0.6 | N/A | 0.2 | -20.6% |
| Ireland | 1.9 | 1.6 | 1.2 | N/A | -20.5% |
| Denmark | 0.9 | 0.2 | 0.2 | N/A | -52.9% |
| Others | 0.6 | 0.3 | 0.3 | 3.7 | 83.4% |
| Total | 12.2 | 17.9 | 18.1 | 26.5 | 29.5% |
Top Export Markets for Offal, Edible; of Swine, Fresh or Chilled from the UK in 2022:
- Netherlands (14.4K tons)
- Belgium (10.9K tons)
- France (4.8K tons)
- Spain (2.2K tons)
- Sweden (1.2K tons)
- Poland (0.9K tons)
- Germany (0.9K tons)
- Italy (0.3K tons)
- Denmark (0.1K tons)
Imports of Offal, Edible; of Swine, Fresh or Chilled in the UK
In 2022, supplies from abroad of offal, edible; of swine, fresh or chilled decreased by -83.5% to 768 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. As a result, imports reached the peak of 5.8K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of offal, edible; of swine, fresh or chilled dropped dramatically to $1.3M in 2022. In general, imports showed a significant curtailment. The growth pace was the most rapid in 2020 with an increase of 10% against the previous year. As a result, imports reached the peak of $11M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Offal, Edible; of Swine, Fresh or Chilled in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 0.2 | 1.5 | 0.5 | 58.1% |
| Belgium | 1.8 | 1.3 | 1.9 | 0.5 | -34.8% |
| Ireland | 7.7 | 9.2 | 7.0 | 0.2 | -70.4% |
| Italy | N/A | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.3 | N/A | N/A | -25.0% |
| Total | 9.9 | 10.9 | 10.4 | 1.3 | -49.2% |
Top Suppliers of Offal, Edible; of Swine, Fresh or Chilled to the UK in 2022:
- Belgium (335.1 tons)
- Germany (300.8 tons)
- Ireland (92.0 tons)
- Italy (24.8 tons)
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