Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Chile - 2023

Contents:

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

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

In December 2023, the average export price for offal, edible; of bovine animals, tongues, frozens amounted to $8,536 per ton, with an increase of 6.3% against the previous month. Over the period under review, the export price enjoyed a mild expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From December 2022 to December 2023, the rate of growth in terms of prices for Japan amounted to +1.4% per month.

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

In 2022, the average import price for offal, edible; of bovine animals, tongues, frozens amounted to $12,945 per ton, stabilizing at the previous year. In general, the import price, however, showed buoyant growth. The import price peaked at $12,950 per ton in 2021, and then reduced slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($13,531 per ton), while the price for the Netherlands amounted to $7,701 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+36.0%).

Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Chile

In 2022, overseas shipments of offal, edible; of bovine animals, tongues, frozens decreased by -8.3% to 334 tons, falling for the second year in a row after two years of growth. In general, exports recorded a mild descent. The pace of growth appeared the most rapid in 2020 with an increase of 13% against the previous year. As a result, the exports attained the peak of 397 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of offal, edible; of bovine animals, tongues, frozens reduced to $3.7M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 40%. As a result, the exports reached the peak of $4M, and then reduced in the following year.

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

1. Japan (332.7 tons)

Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Chile

In 2022, imports of offal, edible; of bovine animals, tongues, frozens into Chile dropped sharply to 1.4 tons, shrinking by -50% compared with the previous year's figure. Overall, imports recorded a sharp descent.

In value terms, imports of offal, edible; of bovine animals, tongues, frozens shrank notably to $18K in 2022. Over the period under review, imports continue to indicate a precipitous decline.

Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to Chile in 2022:

1. United States (1227.0 kg)
2. Netherlands (137.0 kg)

Source: IndexBox Market Intelligence Platform