Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Belgium - 2023
Contents:
- Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Belgium (FOB) - 2023
- Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Belgium (CIF) - 2023
- Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in Belgium
- Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in Belgium
Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Belgium (FOB) - 2023
The average export price for offal, edible; of swine, (other than livers), frozen stood at $1,343 per ton in November 2023, surging by 3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.8%. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 16% m-o-m. Over the period under review, the average export prices reached the peak figure at $1,637 per ton in April 2023; however, from May 2023 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($3,003 per ton), while the average price for exports to the Netherlands ($730 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 France (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Belgium (CIF) - 2023
The average import price for offal, edible; of swine, (other than livers), frozen stood at $1,485 per ton in October 2023, shrinking by -31% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 998% against the previous month. The import price peaked at $2,557 per ton in July 2023; however, from August 2023 to October 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the highest price was recorded for prices from Ireland ($1,856 per ton) and Germany ($1,602 per ton), while the price for Denmark ($1,326 per ton) and France ($1,357 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Denmark (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in Belgium
In 2022, after three years of growth, there was significant decline in overseas shipments of offal, edible; of swine, (other than livers), frozen, when their volume decreased by -18% to 45K tons. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 80%.
In value terms, exports of offal, edible; of swine, (other than livers), frozen shrank markedly to $42M in 2022. Overall, exports, however, posted resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by 100% against the previous year.
| Export of Offal, Edible; of Swine, (Other than Livers), Frozen in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 0.7 | 4.9 | 6.6 | 5.8 | 102.4% |
| Philippines | 0.1 | 1.5 | 14.1 | 5.4 | 278.0% |
| France | 2.4 | 5.6 | 4.1 | 3.5 | 13.4% |
| Poland | 1.4 | 2.4 | 3.1 | 3.3 | 33.1% |
| Ghana | 0.7 | 1.7 | 4.3 | 3.0 | 62.4% |
| Denmark | 2.4 | 3.9 | 4.1 | 2.8 | 5.3% |
| Congo | 0.2 | 1.0 | 2.6 | 2.4 | 128.9% |
| South Korea | N/A | N/A | 0.5 | 1.9 | 280.0% |
| Netherlands | 1.9 | 1.5 | 1.8 | 1.5 | -7.6% |
| Angola | 0.1 | 0.4 | 0.8 | 1.5 | 146.6% |
| Democratic Republic of the Congo | 0.1 | 0.8 | 2.3 | 1.4 | 141.0% |
| Vietnam | 3.4 | 3.9 | 4.8 | 1.4 | -25.6% |
| Hong Kong SAR | 6.3 | 13.3 | 4.0 | 1.0 | -45.9% |
| Others | 5.2 | 8.8 | 7.1 | 7.3 | 12.0% |
| Total | 24.8 | 49.8 | 60.3 | 42.1 | 19.3% |
Top Export Markets for Offal, Edible; of Swine, (Other than Livers), Frozen from Belgium in 2022:
- Cote d'Ivoire (10.3K tons)
- France (3.5K tons)
- Philippines (3.3K tons)
- Denmark (2.9K tons)
- Congo (2.7K tons)
- Ghana (2.6K tons)
- Angola (2.2K tons)
- Netherlands (1.9K tons)
- Poland (1.9K tons)
- South Korea (1.7K tons)
- Democratic Republic of the Congo (1.4K tons)
- Vietnam (1.4K tons)
- Hong Kong SAR (1.3K tons)
Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in Belgium
In 2022, imports of offal, edible; of swine, (other than livers), frozen into Belgium expanded slightly to 5.4K tons, increasing by 4.6% compared with the previous year's figure. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +11.4% 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 +47.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of offal, edible; of swine, (other than livers), frozen contracted rapidly to $4.4M in 2022. Over the period under review, imports, however, recorded a mild downturn. The pace of growth was the most pronounced in 2021 when imports increased by 44%. As a result, imports attained the peak of $7.4M, and then plummeted in the following year.
| Import of Offal, Edible; of Swine, (Other than Livers), Frozen in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2,363 | 2,772 | 2,717 | 2,393 | 0.4% |
| Germany | 786 | 425 | 369 | 683 | -4.6% |
| Spain | 1,110 | 1,219 | 1,074 | 659 | -16.0% |
| Poland | 91.7 | 177 | 277 | 303 | 48.9% |
| France | 84.5 | 110 | 896 | 286 | 50.1% |
| Denmark | 1.7 | 319 | 1,893 | 90.1 | 275.6% |
| Others | 173 | 130 | 188 | 28.3 | -45.3% |
| Total | 4,611 | 5,152 | 7,414 | 4,443 | -1.2% |
Top Suppliers of Offal, Edible; of Swine, (Other than Livers), Frozen to Belgium in 2022:
- Netherlands (3877.6 tons)
- Germany (522.8 tons)
- Spain (511.4 tons)
- France (230.1 tons)
- Poland (128.9 tons)
- Denmark (86.9 tons)
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