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

Contents:

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

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

The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $1,174 per ton in March 2022, remaining constant against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The pace of growth was the most pronounced in May 2021 an increase of 26% m-o-m. Over the period under review, the average export prices reached the peak figure at $1,198 per ton in October 2021; afterwards, it flattened through to March 2022.

Prices varied noticeably by the country of destination: the country with the highest price was Kazakhstan ($1,635 per ton), while the average price for exports to Ghana ($293 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $9,253 per ton in 2022, rising by 133% against the previous year. In general, the import price posted a buoyant expansion. The growth pace was the most rapid in 2021 when the average import price increased by 316% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +13.3% per year.

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

In 2022, shipments abroad of offal, edible; of bovine animals, (other than tongues and livers), frozens decreased by -38.1% to 2.8K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 52% against the previous year.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens reduced notably to $2.9M in 2022. In general, total exports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 37%.

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

1. Russia (1459.2 tons)
2. Ghana (865.3 tons)
3. Kazakhstan (225.4 tons)
4. Vietnam (65.8 tons)
5. Azerbaijan (57.4 tons)
6. Armenia (50.4 tons)
7. Moldova (48.4 tons)

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

In 2022, supplies from abroad of offal, edible; of bovine animals, (other than tongues and livers), frozens decreased by -79.1% to 2.9 tons, falling for the second year in a row after two years of growth. Overall, imports showed a dramatic contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 404%. As a result, imports reached the peak of 75 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens reduced dramatically to $26K in 2022. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 85% against the previous year. As a result, imports attained the peak of $71K. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Russia (2.9 tons)

Source: IndexBox Market Intelligence Platform