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

Contents:

1. Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Sweden (FOB) - 2023
2. Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Sweden (CIF) - 2022
3. Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in Sweden
4. Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in Sweden

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

In November 2023, the average export price for offal, edible; of swine, (other than livers), frozen amounted to $1,074 per ton, rising by 15% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 30% month-to-month. Over the period under review, the average export prices reached the maximum at $1,410 per ton in May 2023; however, from June 2023 to November 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Hong Kong SAR ($2,224 per ton), while the average price for exports to Singapore ($633 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 (+21.3%), 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 Sweden (CIF) - 2022

The average import price for offal, edible; of swine, (other than livers), frozen stood at $789 per ton in 2022, with an increase of 9.6% against the previous year. In general, the import price, however, recorded a deep contraction. The growth pace was the most rapid in 2017 an increase of 207% against the previous year. The import price peaked at $3,927 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($2,233 per ton), while the price for Finland ($505 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+12.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

Exports of offal, edible; of swine, (other than livers), frozen from Sweden expanded markedly to 11K tons in 2022, growing by 15% on the year before. The total export volume increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of offal, edible; of swine, (other than livers), frozen contracted modestly to $11M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.0% 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 +44.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. As a result, the exports attained the peak of $12M, and then reduced modestly in the following year.

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

1. Philippines (2.9K tons)
2. South Korea (1.9K tons)
3. Taiwan (Chinese) (1.3K tons)
4. Singapore (1.2K tons)
5. Denmark (0.7K tons)
6. Cote d'Ivoire (0.6K tons)
7. New Zealand (0.4K tons)
8. Japan (0.2K tons)

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

In 2022, imports of offal, edible; of swine, (other than livers), frozen into Sweden dropped to 240 tons, declining by -8.4% compared with 2021. Over the period under review, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 2,983% against the previous year. As a result, imports reached the peak of 262 tons, and then declined in the following year.

In value terms, imports of offal, edible; of swine, (other than livers), frozen amounted to $190K in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,127% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

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

1. United Kingdom (210.9 tons)
2. Finland (10.0 tons)
3. Denmark (7.2 tons)
4. Estonia (6.4 tons)
5. Netherlands (5.6 tons)

Source: IndexBox Market Intelligence Platform