Price for Offal, Edible; of Swine, (Other than Livers), Frozen in the UK - 2023
Contents:
- Price for Offal, Edible; of Swine, (Other than Livers), Frozen in the UK (FOB) - 2023
- Price for Offal, Edible; of Swine, (Other than Livers), Frozen in the UK (CIF) - 2023
- Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in the UK
- Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in the UK
Price for Offal, Edible; of Swine, (Other than Livers), Frozen in the UK (FOB) - 2023
In December 2023, the average export price for offal, edible; of swine, (other than livers), frozen amounted to $1,939 per ton, rising by 12% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $2,097 per ton in December 2022; however, from January 2023 to December 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 South Africa ($2,342 per ton), while the average price for exports to Cote d'Ivoire ($929 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+3.5%), 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 the UK (CIF) - 2023
In December 2023, the average import price for offal, edible; of swine, (other than livers), frozen amounted to $1,982 per ton, rising by 12% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Spain ($3,523 per ton), while the price for the Netherlands ($1,893 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Spain (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in the UK
For the fourth year in a row, the UK recorded growth in overseas shipments of offal, edible; of swine, (other than livers), frozen, which increased by 12% to 107K tons in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.8% 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 +51.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of offal, edible; of swine, (other than livers), frozen expanded sharply to $201M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.9% 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 +90.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 33% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Offal, Edible; of Swine, (Other than Livers), Frozen in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 80.5 | 101 | 127 | 133 | 18.2% |
| Philippines | 7.4 | 7.3 | 21.0 | 29.9 | 59.3% |
| Hong Kong SAR | 10.0 | 13.8 | 10.2 | 5.5 | -18.1% |
| Dominican Republic | 0.7 | 1.4 | 2.8 | 4.0 | 78.8% |
| South Africa | 0.3 | 0.6 | 3.5 | 3.4 | 124.6% |
| South Korea | 0.4 | 1.3 | 3.6 | 2.7 | 89.0% |
| Cote d'Ivoire | 0.8 | 1.1 | 1.3 | 1.6 | 26.0% |
| Others | 5.5 | 10.6 | 13.4 | 20.2 | 54.3% |
| Total | 106 | 137 | 183 | 201 | 23.8% |
Top Export Markets for Offal, Edible; of Swine, (Other than Livers), Frozen from the UK in 2022:
- China (68.5K tons)
- Philippines (16.3K tons)
- Dominican Republic (4.2K tons)
- South Africa (2.4K tons)
- Cote d'Ivoire (2.3K tons)
- South Korea (2.2K tons)
- Hong Kong SAR (2.0K tons)
Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in the UK
In 2022, the amount of offal, edible; of swine, (other than livers), frozen imported into the UK soared to 15K tons, rising by 37% against the year before. The total import volume increased at an average annual rate of +9.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of offal, edible; of swine, (other than livers), frozen surged to $20M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.6% 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 +50.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Offal, Edible; of Swine, (Other than Livers), Frozen in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.8 | 5.2 | 6.2 | 9.1 | 48.1% |
| Germany | 1.8 | 2.0 | 1.6 | 4.7 | 37.7% |
| Denmark | 2.8 | 1.7 | 4.6 | 4.5 | 17.1% |
| Belgium | 1.0 | 1.2 | 1.2 | 0.5 | -20.6% |
| Italy | 0.2 | 0.2 | 0.1 | 0.4 | 26.0% |
| Ireland | 1.0 | 0.8 | 0.2 | 0.3 | -33.1% |
| Poland | 3.3 | 2.5 | 0.1 | 0.2 | -60.7% |
| Others | 0.4 | 0.5 | 1.1 | 0.5 | 7.7% |
| Total | 13.3 | 14.1 | 15.0 | 20.0 | 14.6% |
Top Suppliers of Offal, Edible; of Swine, (Other than Livers), Frozen to the UK in 2022:
- Netherlands (6.8K tons)
- Denmark (3.7K tons)
- Germany (3.5K tons)
- Italy (0.3K tons)
- Belgium (0.3K tons)
- Poland (0.2K tons)
- Ireland (0.2K tons)
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