Price for Offal, Edible; of Swine, Livers, Frozen in Singapore - 2023
Contents:
- Price for Offal, Edible; of Swine, Livers, Frozen in Singapore (CIF) - 2023
- Price for Offal, Edible; of Swine, Livers, Frozen in Singapore (FOB) - 2022
- Imports of Offal, Edible; of Swine, Livers, Frozen in Singapore
- Exports of Offal, Edible; of Swine, Livers, Frozen in Singapore
Price for Offal, Edible; of Swine, Livers, Frozen in Singapore (CIF) - 2023
The average import price for offal, edible; of swine, livers, frozen stood at $1,699 per ton in September 2022, dropping by -9.1% against the previous month. Over the last three months, it increased at an average monthly rate of +9.2%. The growth pace was the most rapid in July 2022 when the average import price increased by 27% month-to-month. Over the period under review, average import prices attained the peak figure at $1,870 per ton in August 2022, and then dropped in the following month.
Average prices varied somewhat amongst the major supplying countries. In September 2022, the countries with the highest prices were Denmark ($1,900 per ton) and Germany ($1,818 per ton), while the price for Brazil ($1,346 per ton) and Sweden ($1,751 per ton) were amongst the lowest.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Denmark (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Offal, Edible; of Swine, Livers, Frozen in Singapore (FOB) - 2022
The average export price for offal, edible; of swine, livers, frozen stood at $894 per ton in 2022, with a decrease of -17.2% against the previous year. Overall, the export price recorded a slight decrease. The growth pace was the most rapid in 2021 an increase of 105% against the previous year. Over the period under review, the average export prices attained the maximum at $1,393 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Thailand.
From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +1.1% per year.
Imports of Offal, Edible; of Swine, Livers, Frozen in Singapore
In 2022, the amount of offal, edible; of swine, livers, frozen imported into Singapore stood at 1.2K tons, increasing by 13% on 2021 figures. The total import volume increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, imports of offal, edible; of swine, livers, frozen surged to $1.5M in 2022. In general, imports posted a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 55%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Offal, Edible; of Swine, Livers, Frozen in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 513 | 352 | 597 | 604 | 5.6% |
| Sweden | 150 | 162 | 97.5 | 169 | 4.1% |
| Spain | 23.7 | 24.9 | 117 | 137 | 79.5% |
| Germany | N/A | 10.9 | 53.1 | 131 | 246.7% |
| South Korea | 27.7 | 33.9 | N/A | 126 | 65.7% |
| Australia | 157 | 54.7 | 100 | 115 | -9.9% |
| Brazil | N/A | N/A | N/A | 109 | 0% |
| Netherlands | 66.9 | 62.6 | 95.7 | 76.3 | 4.5% |
| Others | 33.1 | N/A | 27.4 | 30.9 | -2.3% |
| Total | 972 | 701 | 1,088 | 1,499 | 15.5% |
Top Suppliers of Offal, Edible; of Swine, Livers, Frozen to Singapore in 2022:
- Denmark (461.5 tons)
- Sweden (139.2 tons)
- South Korea (135.0 tons)
- Spain (109.8 tons)
- Brazil (109.7 tons)
- Australia (106.5 tons)
- Germany (98.9 tons)
- Netherlands (54.0 tons)
Exports of Offal, Edible; of Swine, Livers, Frozen in Singapore
In 2022, approx. 234 tons of offal, edible; of swine, livers, frozen were exported from Singapore; growing by 527% compared with the year before. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 612% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of offal, edible; of swine, livers, frozen surged to $209K in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Offal, Edible; of Swine, Livers, Frozen in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | 33.4 | N/A | 204 | 147.1% |
| Brunei Darussalam | 5.1 | 2.7 | 8.6 | 3.2 | -14.4% |
| Timor-Leste | 0.2 | 2.1 | 13.6 | 1.3 | 86.6% |
| Mexico | N/A | N/A | 18.0 | N/A | 0% |
| Netherlands | 3.1 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| Total | 8.7 | 38.3 | 40.3 | 209 | 188.5% |
Top Export Markets for Offal, Edible; of Swine, Livers, Frozen from Singapore in 2022:
- Thailand (231.0 tons)
- Brunei Darussalam (2.1 tons)
- Timor-Leste (0.6 tons)
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