Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Singapore - 2022
Contents:
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Singapore (CIF) - 2022
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Singapore (FOB) - 2022
- Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Singapore
- Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Singapore
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Singapore (CIF) - 2022
The average import price for offal, edible; of bovine animals, tongues, frozens stood at $4,423 per ton in September 2022, which is down by -20.9% against the previous month. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 272% against the previous month. The import price peaked at $16,833 per ton in December 2021; however, from January 2022 to September 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Australia ($6,207 per ton), while the price for New Zealand stood at $2,248 per ton.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Singapore (FOB) - 2022
In September 2022, the average export price for offal, edible; of bovine animals, tongues, frozens amounted to $2,309 per ton, picking up by 3.1% against the previous month. In general, the export price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in June 2022 an increase of 157% m-o-m. The export price peaked at $17,850 per ton in December 2021; however, from January 2022 to September 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Indonesia.
From October 2021 to September 2022, the rate of growth in terms of prices for Indonesia amounted to +1.9% per month.
Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Singapore
In 2022, imports of offal, edible; of bovine animals, tongues, frozens into Singapore surged to 411 tons, growing by 126% against the previous year's figure. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of offal, edible; of bovine animals, tongues, frozens surged to $1.9M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Offal, Edible; of Bovine Animals, Tongues, Frozen in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 407 | 419 | 591 | 940 | 32.2% |
| New Zealand | 76.3 | 58.5 | 269 | 709 | 110.2% |
| Sweden | 103 | 113 | 166 | 229 | 30.5% |
| Brazil | N/A | N/A | N/A | 42.7 | 0% |
| Denmark | 29.8 | 8.0 | 20.4 | N/A | -17.3% |
| Others | 61.1 | 17.4 | 3.2 | 23.4 | -27.4% |
| Total | 678 | 615 | 1,049 | 1,944 | 42.1% |
Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to Singapore in 2022:
- New Zealand (180.6 tons)
- Australia (158.4 tons)
- Sweden (52.7 tons)
- Brazil (15.3 tons)
Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Singapore
In 2022, exports of offal, edible; of bovine animals, tongues, frozens from Singapore skyrocketed to 258 tons, with an increase of 433% against the previous year's figure. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of offal, edible; of bovine animals, tongues, frozens soared to $404K in 2022. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Offal, Edible; of Bovine Animals, Tongues, Frozen in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 137 | 53.5 | 71.9 | 393 | 42.1% |
| Others | 14.2 | 8.6 | 1.3 | 11.5 | -6.8% |
| Total | 151 | 62.1 | 73.2 | 404 | 38.8% |
Top Export Markets for Offal, Edible; of Bovine Animals, Tongues, Frozen from Singapore in 2022:
- Indonesia (255.8 tons)
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