Price for Offal, Edible; of Swine, (Other than Livers), Frozen in New Zealand - 2024

Contents:

1. Price for Offal, Edible; of Swine, (Other than Livers), Frozen in New Zealand (CIF) - 2024
2. Price for Offal, Edible; of Swine, (Other than Livers), Frozen in New Zealand (FOB) - 2022
3. Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in New Zealand
4. Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in New Zealand

Price for Offal, Edible; of Swine, (Other than Livers), Frozen in New Zealand (CIF) - 2024

The average import price for offal, edible; of swine, (other than livers), frozen stood at $1,281 per ton in January 2024, with a decrease of -22% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 41% month-to-month. The import price peaked at $2,462 per ton in April 2023; however, from May 2023 to January 2024, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From January 2023 to January 2024, the rate of growth in terms of prices for Australia amounted to +1.7% per month.

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

The average export price for offal, edible; of swine, (other than livers), frozen stood at $19,179 per ton in 2022, jumping by 629% against the previous year. Overall, the export price showed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($20,909 per ton), while the average price for exports to Papua New Guinea amounted to $4,099 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+36.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the fourth consecutive year, New Zealand recorded growth in purchases abroad of offal, edible; of swine, (other than livers), frozen, which increased by 14% to 1.7K tons in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +18.0% 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 +64.2% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 38%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of offal, edible; of swine, (other than livers), frozen expanded markedly to $2.5M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.3% 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 +78.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 31% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. Australia (1367.1 tons)
2. Sweden (250.0 tons)
3. Finland (49.4 tons)

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

In 2022, shipments abroad of offal, edible; of swine, (other than livers), frozen decreased by -48.9% to 19 tons, falling for the second consecutive year after two years of growth. Overall, exports saw a deep contraction. The growth pace was the most rapid in 2020 when exports increased by 98% against the previous year. As a result, the exports attained the peak of 57 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of offal, edible; of swine, (other than livers), frozen skyrocketed to $371K in 2022. Over the period under review, exports, however, showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Japan (17.4 tons)
2. Papua New Guinea (2.0 tons)

Source: IndexBox Market Intelligence Platform