Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Spain - 2023

Contents:

1. Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Spain (FOB) - 2023
2. Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Spain (CIF) - 2022
3. Exports of Offal, Edible; of Bovine Animals, Livers, Frozen in Spain
4. Imports of Offal, Edible; of Bovine Animals, Livers, Frozen in Spain

Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Spain (FOB) - 2023

In November 2023, the average export price for offal, edible; of bovine animals, livers, frozens amounted to $1,868 per ton, shrinking by -1.9% against the previous month. Over the period under review, the export price saw a slight curtailment. The pace of growth appeared the most rapid in July 2023 an increase of 58% against the previous month. As a result, the export price reached the peak level of $3,232 per ton. From August 2023 to November 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Portugal ($4,299 per ton), while the average price for exports to Germany ($419 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 Portugal (+1.6%), while the prices for the other major destinations experienced a decline.

Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Spain (CIF) - 2022

The average import price for offal, edible; of bovine animals, livers, frozens stood at $1,839 per ton in 2022, reducing by -8.6% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for offal, edible; of bovine animals, livers, frozens increased by +83.2% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 48%. The import price peaked at $2,197 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Belgium ($8,185 per ton), while the price for Portugal ($492 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Offal, Edible; of Bovine Animals, Livers, Frozen in Spain

In 2022, exports of offal, edible; of bovine animals, livers, frozens from Spain was estimated at 1.5K tons, growing by 3.9% against the previous year. The total export volume increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 44% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of offal, edible; of bovine animals, livers, frozens stood at $2.4M in 2022. In general, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 139%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Offal, Edible; of Bovine Animals, Livers, Frozen from Spain in 2022:

1. Cote d'Ivoire (252.5 tons)
2. Portugal (164.0 tons)
3. Greece (154.3 tons)
4. Sudan (118.8 tons)
5. South Africa (114.8 tons)
6. Indonesia (111.4 tons)
7. Germany (110.0 tons)
8. France (84.8 tons)
9. Tunisia (80.4 tons)
10. Denmark (70.1 tons)
11. Italy (68.6 tons)
12. Lithuania (38.6 tons)

Imports of Offal, Edible; of Bovine Animals, Livers, Frozen in Spain

In 2022, after two years of decline, there was significant growth in overseas purchases of offal, edible; of bovine animals, livers, frozens, when their volume increased by 6.5% to 106 tons. In general, imports, however, faced a precipitous contraction.

In value terms, imports of offal, edible; of bovine animals, livers, frozens dropped slightly to $195K in 2022. Over the period under review, imports, however, saw a abrupt decline.

Top Suppliers of Offal, Edible; of Bovine Animals, Livers, Frozen to Spain in 2022:

1. France (42.7 tons)
2. Germany (40.6 tons)
3. Portugal (7.7 tons)
4. Netherlands (7.5 tons)
5. Poland (5.4 tons)
6. Belgium (2.1 tons)

Source: IndexBox Market Intelligence Platform