Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the Dominican Republic - 2023

Contents:

1. Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the Dominican Republic (CIF) - 2022
2. Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the Dominican Republic (FOB) - 2022
3. Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the Dominican Republic
4. Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the Dominican Republic

Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the Dominican Republic (CIF) - 2022

The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $2,334 per ton in 2022, jumping by 23% against the previous year. Overall, import price indicated a resilient expansion from 2014 to 2022: its price increased at an average annual rate of +5.4% over the last eight-year period. 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, (other than tongues and livers), frozens increased by +55.2% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 34%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 Nicaragua ($2,526 per ton), while the price for Panama ($1,295 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (+66.4%).

Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the Dominican Republic (FOB) - 2022

The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $864 per ton in 2022, waning by -70.5% against the previous year. Overall, the export price recorded a abrupt decline. The growth pace was the most rapid in 2021 an increase of 27% against the previous year. As a result, the export price reached the peak level of $2,931 per ton, and then dropped markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to +13.6% per year.

Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the Dominican Republic

In 2022, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens into the Dominican Republic amounted to 640 tons, growing by 15% on 2021 figures. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 168%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens skyrocketed to $1.5M in 2022. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 237%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to the Dominican Republic in 2022:

1. United States (511.9 tons)
2. Nicaragua (81.6 tons)
3. Panama (46.6 tons)

Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the Dominican Republic

In 2022, approx. 5.8 tons of offal, edible; of bovine animals, (other than tongues and livers), frozens were exported from the Dominican Republic; waning by -89.3% on 2021. Over the period under review, exports continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 7,574% against the previous year. As a result, the exports reached the peak of 54 tons, and then fell significantly in the following year.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens contracted remarkably to $5K in 2022. Overall, exports saw a sharp decrease. The pace of growth was the most pronounced in 2021 when exports increased by 9,637% against the previous year. As a result, the exports reached the peak of $157K, and then reduced sharply in the following year.

Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from the Dominican Republic in 2022:

1. United States (5.8 tons)

Source: IndexBox Market Intelligence Platform