Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Finland - 2023

Contents:

  1. Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Finland (FOB) - 2023
  2. Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Finland (CIF) - 2022
  3. Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in Finland
  4. 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)
COUNTRY2019202020212022CAGR,
2019-2022
China11.413.817.118.617.7%
Taiwan (Chinese)0.30.10.61.154.2%
Singapore0.60.20.20.60.0%
South Korea0.50.11.40.50.0%
Sweden0.20.2N/A0.426.0%
Estonia0.60.50.30.3-20.6%
ThailandN/AN/A0.10.3200.0%
Cote d'IvoireN/AN/AN/A0.20%
DenmarkN/AN/A0.10.10.0%
Hong Kong SAR0.71.00.2N/A-46.5%
Others0.60.80.40.4-12.6%
Total14.816.820.522.515.0%

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

  1. China (10.4K tons)
  2. Sweden (0.7K tons)
  3. Taiwan (Chinese) (0.6K tons)
  4. Singapore (0.5K tons)
  5. Denmark (0.4K tons)
  6. Cote d'Ivoire (0.4K tons)
  7. Thailand (0.3K tons)
  8. South Korea (0.3K tons)
  9. 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)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden215410291172-7.2%
Netherlands1.45.75.226.5166.5%
ChinaN/AN/A49.07.8-84.1%
Estonia0.65.126.92.765.1%
New ZealandN/AN/A28.4N/A0%
Others26.132.114.30.7-70.1%
Total243453415210-4.7%

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

  1. Sweden (72.5 tons)
  2. Netherlands (16.6 tons)
  3. China (5.7 tons)
  4. Estonia (1.6 tons)

Source: IndexBox Market Intelligence Platform

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