Price for Offal, Edible; of Bovine Animals, Livers, Frozen in the United States - 2023

Contents:

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

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

The average export price for offal, edible; of bovine animals, livers, frozens stood at $1,464 per ton in December 2023, picking up by 10% against the previous month. Over the period under review, the export price, however, continues to indicate a mild reduction. Over the period under review, the average export prices hit record highs at $1,711 per ton in December 2022; however, from January 2023 to December 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was China ($3,234 per ton), while the average price for exports to Colombia ($856 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 China (+10.3%), while the prices for the other major destinations experienced a decline.

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

The average import price for offal, edible; of bovine animals, livers, frozens stood at $1,803 per ton in 2022, surging by 15% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 31%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($4,754 per ton), while the price for Canada ($1,263 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.8%), while the prices for the other major suppliers experienced a decline.

Exports of Offal, Edible; of Bovine Animals, Livers, Frozen in the United States

For the third consecutive year, the United States recorded decline in shipments abroad of offal, edible; of bovine animals, livers, frozens, which decreased by -15% to 66K tons in 2022. In general, exports recorded a abrupt curtailment. The smallest decline of -2.8% was in 2020.

In value terms, exports of offal, edible; of bovine animals, livers, frozens rose sharply to $117M in 2022. The total export value increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29%. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. Egypt (45.8K tons)
2. Peru (4.1K tons)
3. South Africa (2.4K tons)
4. Canada (2.1K tons)
5. Colombia (2.1K tons)
6. Chile (1.7K tons)
7. Angola (1.4K tons)
8. Mexico (1.4K tons)

Imports of Offal, Edible; of Bovine Animals, Livers, Frozen in the United States

Imports of offal, edible; of bovine animals, livers, frozens into the United States expanded sharply to 364 tons in 2022, picking up by 14% against 2021 figures. Over the period under review, imports, however, faced a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 113%.

In value terms, imports of offal, edible; of bovine animals, livers, frozens surged to $657K in 2022. In general, imports, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2021 when imports increased by 88%.

Top Suppliers of Offal, Edible; of Bovine Animals, Livers, Frozen to the United States in 2022:

1. Canada (233.1 tons)
2. Ireland (112.2 tons)
3. Australia (19.1 tons)

Source: IndexBox Market Intelligence Platform