Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Colombia - 2022

Contents:

1. Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Colombia (CIF) - 2022
2. Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Colombia (FOB) - 2022
3. Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in Colombia
4. Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in Colombia

Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Colombia (CIF) - 2022

The average import price for offal, edible; of swine, (other than livers), frozen stood at $1,485 per ton in February 2022, therefore, remained relatively stable against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +2.6%. The pace of growth appeared the most rapid in May 2021 an increase of 24% against the previous month. As a result, import price attained the peak level of $1,555 per ton. From June 2021 to February 2022, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1,840 per ton), while the price for Chile ($755 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Colombia (FOB) - 2022

In 2022, the average export price for offal, edible; of swine, (other than livers), frozen amounted to $2,372 per ton, almost unchanged from the previous year. Over the period under review, the export price, however, recorded strong growth. The growth pace was the most rapid in 2021 when the average export price increased by 3.6% against the previous year. As a result, the export price attained the peak level of $2,403 per ton, and then declined modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2017 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +12.3% per year.

Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in Colombia

In 2022, the amount of offal, edible; of swine, (other than livers), frozen imported into Colombia surged to 6.1K tons, picking up by 15% on 2021 figures. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +6.2% 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 +76.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of offal, edible; of swine, (other than livers), frozen surged to $8.3M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 67% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Offal, Edible; of Swine, (Other than Livers), Frozen to Colombia in 2022:

1. Chile (1.9K tons)
2. Denmark (1.4K tons)
3. Spain (1.2K tons)
4. United States (1.1K tons)
5. Canada (0.4K tons)
6. Portugal (0.1K tons)

Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in Colombia

In 2022, after two years of growth, there was significant decline in overseas shipments of offal, edible; of swine, (other than livers), frozen, when their volume decreased by -19.6% to 22 tons. Over the period under review, total exports indicated prominent growth from 2020 to 2022: its volume increased at an average annual rate of +15.0% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 65%. As a result, the exports reached the peak of 28 tons, and then reduced markedly in the following year.

In value terms, exports of offal, edible; of swine, (other than livers), frozen contracted sharply to $53K in 2022. In general, total exports indicated a strong increase from 2020 to 2022: its value increased at an average annual rate of +16.3% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year. As a result, the exports reached the peak of $66K, and then declined markedly in the following year.

Top Export Markets for Offal, Edible; of Swine, (Other than Livers), Frozen from Colombia in 2022:

1. Hong Kong SAR (22.2 tons)

Source: IndexBox Market Intelligence Platform