Price for Offal, Edible; of Bovine Animals, Livers, Frozen in the UK - 2023

Contents:

1. Price for Offal, Edible; of Bovine Animals, Livers, Frozen in the UK (FOB) - 2023
2. Price for Offal, Edible; of Bovine Animals, Livers, Frozen in the UK (CIF) - 2022
3. Exports of Offal, Edible; of Bovine Animals, Livers, Frozen in the UK
4. Imports of Offal, Edible; of Bovine Animals, Livers, Frozen in the UK

Price for Offal, Edible; of Bovine Animals, Livers, Frozen in the UK (FOB) - 2023

In December 2023, the average export price for offal, edible; of bovine animals, livers, frozens amounted to $877 per ton, which is down by -52.7% against the previous month. Over the period under review, the export price recorded a perceptible reduction. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 86% against the previous month. As a result, the export price attained the peak level of $1,854 per ton, and then contracted remarkably in the following month.

Average prices varied somewhat for the major external markets. In December 2023, the countries with the highest prices were the Netherlands ($1,059 per ton) and Mozambique ($1,058 per ton), while the average price for exports to South Africa ($840 per ton) and Ghana ($926 per ton) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, Livers, Frozen in the UK (CIF) - 2022

The average import price for offal, edible; of bovine animals, livers, frozens stood at $529 per ton in 2022, shrinking by -39.9% against the previous year. Over the period under review, the import price recorded a abrupt setback. The growth pace was the most rapid in 2015 when the average import price increased by 94%. As a result, import price reached the peak level of $3,385 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($5,427 per ton), while the price for Ireland ($377 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+17.0%), while the prices for the other major suppliers experienced a decline.

Exports of Offal, Edible; of Bovine Animals, Livers, Frozen in the UK

For the third consecutive year, the UK recorded decline in shipments abroad of offal, edible; of bovine animals, livers, frozens, which decreased by -6% to 2.3K tons in 2022. Overall, exports faced a abrupt decline.

In value terms, exports of offal, edible; of bovine animals, livers, frozens contracted to $2.9M in 2022. In general, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 42%.

Top Export Markets for Offal, Edible; of Bovine Animals, Livers, Frozen from the UK in 2022:

1. South Africa (1391.4 tons)
2. Senegal (294.3 tons)
3. Mozambique (215.9 tons)
4. Netherlands (77.7 tons)
5. Angola (72.0 tons)
6. Hong Kong SAR (49.1 tons)
7. Ghana (47.8 tons)
8. Cote d'Ivoire (22.7 tons)

Imports of Offal, Edible; of Bovine Animals, Livers, Frozen in the UK

In 2022, approx. 1.5K tons of offal, edible; of bovine animals, livers, frozens were imported into the UK; therefore, remained relatively stable against the previous year. Overall, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 155% against the previous year. As a result, imports attained the peak of 1.5K tons, leveling off in the following year.

In value terms, imports of offal, edible; of bovine animals, livers, frozens fell rapidly to $801K in 2022. In general, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 82%. As a result, imports reached the peak of $1.3M, and then reduced rapidly in the following year.

Top Suppliers of Offal, Edible; of Bovine Animals, Livers, Frozen to the UK in 2022:

1. Ireland (1465.2 tons)
2. Netherlands (41.5 tons)
3. France (3.0 tons)

Source: IndexBox Market Intelligence Platform