Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in the UK - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in the UK (FOB) - 2023
- Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in the UK (CIF) - 2023
- Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in the UK
- Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in the UK
Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in the UK (FOB) - 2023
The average export price for offal, edible; of bovine animals, fresh or chilleds stood at $5,121 per ton in November 2023, reducing by -2% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 18% against the previous month. The export price peaked at $5,225 per ton in October 2023, and then reduced modestly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was France ($8,205 per ton), while the average price for exports to the Philippines ($2,472 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 Hong Kong SAR (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in the UK (CIF) - 2023
In November 2023, the average import price for offal, edible; of bovine animals, fresh or chilleds amounted to $2,577 per ton, with an increase of 32% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.6%. Over the period under review, average import prices reached the peak figure at $2,877 per ton in March 2023; however, from April 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the Netherlands ($6,571 per ton), while the price for Ireland ($2,059 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Ireland (+1.8%), while the prices for the other major suppliers experienced a decline.
Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in the UK
In 2022, overseas shipments of offal, edible; of bovine animals, fresh or chilleds decreased by -8.3% to 10K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2020 when exports increased by 7%. As a result, the exports attained the peak of 25K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of offal, edible; of bovine animals, fresh or chilleds surged to $38M in 2022. Overall, exports showed a pronounced decrease.
| Export of Offal, Edible; of Bovine Animals, Fresh or Chilled in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 16.9 | 13.9 | 18.1 | 17.1 | 0.4% |
| Canada | 0.8 | 0.1 | 0.2 | 2.9 | 53.6% |
| United States | 2.4 | 7.7 | 4.5 | 2.0 | -5.9% |
| Netherlands | 3.5 | 2.3 | 1.1 | 1.1 | -32.0% |
| Poland | 1.2 | 0.8 | 0.5 | 1.1 | -2.9% |
| Ireland | 7.7 | 9.1 | 3.1 | 0.4 | -62.7% |
| Germany | 5.1 | 5.5 | 0.8 | 0.1 | -73.0% |
| Belgium | 1.6 | 1.3 | 0.4 | N/A | -50.0% |
| Denmark | 0.4 | 0.3 | N/A | N/A | -25.0% |
| Others | 2.6 | 2.1 | 1.7 | 13.4 | 72.7% |
| Total | 42.2 | 43.0 | 30.4 | 38.3 | -3.2% |
Top Export Markets for Offal, Edible; of Bovine Animals, Fresh or Chilled from the UK in 2022:
- France (2.3K tons)
- Ireland (0.7K tons)
- Canada (0.5K tons)
- Netherlands (0.5K tons)
- Poland (0.3K tons)
- United States (0.3K tons)
- Germany (0.1K tons)
Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in the UK
For the third consecutive year, the UK recorded decline in overseas purchases of offal, edible; of bovine animals, fresh or chilleds, which decreased by -13.2% to 8.9K tons in 2022. Overall, imports showed a abrupt decrease. The smallest decline of -10% was in 2020.
In value terms, imports of offal, edible; of bovine animals, fresh or chilleds declined to $18M in 2022. The total import value increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. As a result, imports attained the peak of $20M, and then contracted in the following year.
| Import of Offal, Edible; of Bovine Animals, Fresh or Chilled in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 6.3 | 5.8 | 7.2 | 12.6 | 26.0% |
| Netherlands | 1.7 | 1.4 | 1.8 | 2.7 | 16.7% |
| Poland | 0.4 | 0.7 | 1.4 | 2.0 | 71.0% |
| Germany | 1.8 | 2.7 | 4.6 | 0.1 | -61.8% |
| Belgium | 0.8 | 0.3 | 0.2 | 0.1 | -50.0% |
| Spain | 3.4 | 3.3 | 3.5 | 0.1 | -69.1% |
| Others | 0.5 | 0.1 | 0.7 | 0.2 | -26.3% |
| Total | 15.0 | 14.4 | 19.5 | 17.7 | 5.7% |
Top Suppliers of Offal, Edible; of Bovine Animals, Fresh or Chilled to the UK in 2022:
- Ireland (7.3K tons)
- Netherlands (1.1K tons)
- Poland (0.3K tons)
- Belgium (0.1K tons)
275
This report provides an in-depth analysis of the fresh meat offal market in the UK.
249
This report provides an in-depth analysis of the frozen meat offal market in the UK.
497
Global Fresh Meat Offal Market Report 2018. This report provides an in-depth analysis of the global fresh meat offal market.
468
Global Frozen Meat Offal Market Report 2018. This report provides an in-depth analysis of the global frozen meat offal market.
275
This report provides an in-depth analysis of the fresh meat offal market in the UK.
249
This report provides an in-depth analysis of the frozen meat offal market in the UK.
497
Global Fresh Meat Offal Market Report 2018. This report provides an in-depth analysis of the global fresh meat offal market.
468
Global Frozen Meat Offal Market Report 2018. This report provides an in-depth analysis of the global frozen meat offal market.
Nothing found. Please try again.
