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

Contents:

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

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

The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $1,051 per ton in October 2023, reducing by -44.7% against the previous month. Overall, the export price recorded a pronounced setback. The most prominent rate of growth was recorded in May 2023 an increase of 51% m-o-m. Over the period under review, the average export prices reached the peak figure at $1,903 per ton in September 2023, and then declined rapidly in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($6,432 per ton), while the average price for exports to Ghana ($568 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+16.4%), 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 Lithuania (CIF) - 2022

In 2022, the average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $2,027 per ton, with a decrease of -14.1% against the previous year. In general, the import price, however, saw a slight increase. The most prominent rate of growth was recorded in 2021 an increase of 66% against the previous year. As a result, import price attained the peak level of $2,360 per ton, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($4,634 per ton), while the price for Estonia ($942 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of offal, edible; of bovine animals, (other than tongues and livers), frozens exported from Lithuania expanded markedly to 3.1K tons, surging by 14% against the year before. The total export volume increased at an average annual rate of +14.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 28%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens surged to $4.4M in 2022. The total export value increased at an average annual rate of +9.0% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Poland (1131.6 tons)
2. Italy (504.1 tons)
3. Cote d'Ivoire (348.8 tons)
4. Denmark (240.6 tons)
5. Hong Kong SAR (224.9 tons)
6. Sierra Leone (177.6 tons)
7. Georgia (119.6 tons)
8. Netherlands (42.7 tons)
9. Spain (18.8 tons)
10. Latvia (13.9 tons)

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

In 2022, supplies from abroad of offal, edible; of bovine animals, (other than tongues and livers), frozens decreased by -44.1% to 108 tons, falling for the second year in a row after two years of growth. In general, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 15%. As a result, imports attained the peak of 205 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 contracted rapidly to $219K in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 57%. As a result, imports attained the peak of $456K, and then dropped notably in the following year.

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

1. Finland (43.6 tons)
2. Netherlands (23.3 tons)
3. Estonia (13.8 tons)
4. Poland (11.6 tons)
5. Austria (10.0 tons)
6. Latvia (3.6 tons)
7. Czech Republic (2.2 tons)

Source: IndexBox Market Intelligence Platform