Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Thailand - 2024
Contents:
- Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Thailand (CIF) - 2024
- Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Thailand (FOB) - 2022
- Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in Thailand
- Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in Thailand
Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Thailand (CIF) - 2024
In January 2024, the average import price for offal, edible; of swine, (other than livers), frozen amounted to $395 per ton, waning by -2.2% against the previous month. Overall, the import price recorded a slight contraction. The most prominent rate of growth was recorded in November 2023 an increase of 32% m-o-m. Over the period under review, average import prices attained the maximum at $471 per ton in February 2023; however, from March 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 Spain.
From January 2023 to January 2024, the rate of growth in terms of prices for Belgium amounted to +14.7% per month.
Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Thailand (FOB) - 2022
In 2022, the average export price for offal, edible; of swine, (other than livers), frozen amounted to $1,928 per ton, waning by -5.9% against the previous year. Overall, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 an increase of 45% against the previous year. The export price peaked at $2,540 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($3,391 per ton), while the average price for exports to Lao People's Democratic Republic ($989 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+4.9%), while the prices for the other major destinations experienced a decline.
Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in Thailand
For the fourth consecutive year, Thailand recorded growth in overseas purchases of offal, edible; of swine, (other than livers), frozen, which increased by 5% to 19K tons in 2022. The total import volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 17%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, imports of offal, edible; of swine, (other than livers), frozen shrank remarkably to $8.9M in 2022. Overall, imports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 6.8% against the previous year.
| Import of Offal, Edible; of Swine, (Other than Livers), Frozen in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.7 | 1.2 | 1.8 | 4.8 | 41.3% |
| Spain | 1.3 | 0.7 | 0.7 | 1.8 | 11.5% |
| Denmark | 1.2 | 1.0 | 1.3 | 1.2 | 0.0% |
| Italy | 3.9 | 3.5 | 2.2 | 0.5 | -49.6% |
| Belgium | N/A | N/A | 0.1 | 0.3 | 200.0% |
| France | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Germany | 3.9 | 3.1 | 4.1 | N/A | 2.5% |
| Brazil | 0.1 | 0.4 | N/A | N/A | 300.0% |
| Others | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
| Total | 12.3 | 10.0 | 10.7 | 8.9 | -10.2% |
Top Suppliers of Offal, Edible; of Swine, (Other than Livers), Frozen to Thailand in 2022:
- Netherlands (10.9K tons)
- Spain (3.3K tons)
- Denmark (2.3K tons)
- Italy (1.3K tons)
- Belgium (1.0K tons)
- France (0.4K tons)
- Brazil (0.1K tons)
Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in Thailand
For the third year in a row, Thailand recorded decline in overseas shipments of offal, edible; of swine, (other than livers), frozen, which decreased by -82.9% to 318 tons in 2022. Over the period under review, exports continue to indicate a sharp descent. The smallest decline of -6.2% was in 2020.
In value terms, exports of offal, edible; of swine, (other than livers), frozen contracted notably to $612K in 2022. Overall, exports continue to indicate a sharp downturn. The smallest decline of -6.6% was in 2020.
| Export of Offal, Edible; of Swine, (Other than Livers), Frozen in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | 88.7 | 1,205 | 498 | 136.9% |
| Lao People's Democratic Republic | 4,561 | 1,857 | 624 | 73.1 | -74.8% |
| Hong Kong SAR | 40.9 | 1,965 | 1,597 | 39.2 | -1.4% |
| Cambodia | 398 | 761 | 387 | 1.9 | -83.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5,000 | 4,672 | 3,813 | 612 | -50.3% |
Top Export Markets for Offal, Edible; of Swine, (Other than Livers), Frozen from Thailand in 2022:
- Myanmar (230.7 tons)
- Lao People's Democratic Republic (73.9 tons)
- Hong Kong SAR (11.6 tons)
- Cambodia (1.3 tons)
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