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

Contents:

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

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

In 2022, the average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $2,230 per ton, reducing by -6.7% against the previous year. Over the period under review, the export price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 65%. The export price peaked at $2,670 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($2,751 per ton), while the average price for exports to the United Arab Emirates ($1,028 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+10.3%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $1,625 per ton in 2022, growing by 1.6% against the previous year. Over the period under review, the import price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 an increase of 32% against the previous year. The import price peaked at $4,258 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($4,103 per ton), while the price for the United States stood at $1,595 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+0.5%).

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

For the third year in a row, Ethiopia recorded decline in overseas shipments of offal, edible; of bovine animals, (other than tongues and livers), frozens, which decreased by -20.6% to 406 tons in 2022. In general, exports continue to indicate a sharp decline. The smallest decline of -17.5% was in 2020.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens shrank rapidly to $905K in 2022. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 6.6%. As a result, the exports attained the peak of $1.8M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Vietnam (224.5 tons)
2. Hong Kong SAR (129.8 tons)
3. United Arab Emirates (27.5 tons)
4. Oman (22.9 tons)

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

In 2022, purchases abroad of offal, edible; of bovine animals, (other than tongues and livers), frozens decreased by -49.5% to 38 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 6,529%. As a result, imports reached the peak of 75 tons, and then declined notably in the following year.

In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens contracted remarkably to $61K in 2022. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 3,565% against the previous year. As a result, imports reached the peak of $119K, and then declined dramatically in the following year.

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

1. United States (37.5 tons)

Source: IndexBox Market Intelligence Platform