Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Finland - 2023
Contents:
- Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Finland (FOB) - 2023
- Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Finland (CIF) - 2022
- Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in Finland
- Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in Finland
Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Finland (FOB) - 2023
The average export price for offal, edible; of swine, (other than livers), frozen stood at $1,502 per ton in November 2023, dropping by -2.1% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 24% m-o-m. The export price peaked at $1,943 per ton in May 2023; however, from June 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 the United States ($3,079 per ton), while the average price for exports to Sweden ($420 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 Denmark (+3.3%), 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 Finland (CIF) - 2022
In 2022, the average import price for offal, edible; of swine, (other than livers), frozen amounted to $2,169 per ton, falling by -1.6% against the previous year. In general, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 617%. As a result, import price reached the peak level of $6,190 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($2,377 per ton), while the price for China ($1,355 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-5.8%), while the prices for the other major suppliers experienced a decline.
Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in Finland
For the fourth year in a row, Finland recorded growth in shipments abroad of offal, edible; of swine, (other than livers), frozen, which increased by 9.3% to 14K tons in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 27%. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, exports of offal, edible; of swine, (other than livers), frozen rose sharply to $22M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.0% 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 +52.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 22%. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Offal, Edible; of Swine, (Other than Livers), Frozen in Finland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 11.4 | 13.8 | 17.1 | 18.6 | 17.7% |
Taiwan (Chinese) | 0.3 | 0.1 | 0.6 | 1.1 | 54.2% |
Singapore | 0.6 | 0.2 | 0.2 | 0.6 | 0.0% |
South Korea | 0.5 | 0.1 | 1.4 | 0.5 | 0.0% |
Sweden | 0.2 | 0.2 | N/A | 0.4 | 26.0% |
Estonia | 0.6 | 0.5 | 0.3 | 0.3 | -20.6% |
Thailand | N/A | N/A | 0.1 | 0.3 | 200.0% |
Cote d'Ivoire | N/A | N/A | N/A | 0.2 | 0% |
Denmark | N/A | N/A | 0.1 | 0.1 | 0.0% |
Hong Kong SAR | 0.7 | 1.0 | 0.2 | N/A | -46.5% |
Others | 0.6 | 0.8 | 0.4 | 0.4 | -12.6% |
Total | 14.8 | 16.8 | 20.5 | 22.5 | 15.0% |
Top Export Markets for Offal, Edible; of Swine, (Other than Livers), Frozen from Finland in 2022:
- China (10.4K tons)
- Sweden (0.7K tons)
- Taiwan (Chinese) (0.6K tons)
- Singapore (0.5K tons)
- Denmark (0.4K tons)
- Cote d'Ivoire (0.4K tons)
- Thailand (0.3K tons)
- South Korea (0.3K tons)
- Estonia (0.2K tons)
Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in Finland
In 2022, purchases abroad of offal, edible; of swine, (other than livers), frozen decreased by -48.5% to 97 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. As a result, imports attained the peak of 188 tons, and then fell sharply in the following year.
In value terms, imports of offal, edible; of swine, (other than livers), frozen fell dramatically to $210K in 2022. In general, imports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 87% against the previous year. As a result, imports reached the peak of $453K. From 2021 to 2022, the growth of imports of failed to regain momentum.
Import of Offal, Edible; of Swine, (Other than Livers), Frozen in Finland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 215 | 410 | 291 | 172 | -7.2% |
Netherlands | 1.4 | 5.7 | 5.2 | 26.5 | 166.5% |
China | N/A | N/A | 49.0 | 7.8 | -84.1% |
Estonia | 0.6 | 5.1 | 26.9 | 2.7 | 65.1% |
New Zealand | N/A | N/A | 28.4 | N/A | 0% |
Others | 26.1 | 32.1 | 14.3 | 0.7 | -70.1% |
Total | 243 | 453 | 415 | 210 | -4.7% |
Top Suppliers of Offal, Edible; of Swine, (Other than Livers), Frozen to Finland in 2022:
- Sweden (72.5 tons)
- Netherlands (16.6 tons)
- China (5.7 tons)
- Estonia (1.6 tons)
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