Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Portugal - 2023

Contents:

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

Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Portugal (CIF) - 2022

The average import price for offal, edible; of bovine animals, tongues, frozens stood at $4,764 per ton in 2022, increasing by 22% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $5,816 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($6,881 per ton), while the price for Spain ($4,517 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Portugal (FOB) - 2022

In 2022, the average export price for offal, edible; of bovine animals, tongues, frozens amounted to $2,675 per ton, waning by -30.6% against the previous year. Over the period under review, the export price showed a noticeable contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 147% against the previous year. As a result, the export price attained the peak level of $8,153 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($2,702 per ton), while the average price for exports to Angola amounted to $2,579 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+19.3%), while the prices for the other major destinations experienced a decline.

Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Portugal

In 2022, the amount of offal, edible; of bovine animals, tongues, frozens imported into Portugal reduced markedly to 58 tons, which is down by -19.4% on 2021. In general, imports saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. As a result, imports reached the peak of 72 tons, and then fell notably in the following year.

In value terms, imports of offal, edible; of bovine animals, tongues, frozens fell modestly to $277K in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. As a result, imports reached the peak of $282K, and then shrank modestly in the following year.

Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to Portugal in 2022:

1. Spain (47.5 tons)
2. Netherlands (7.7 tons)
3. Belgium (2.8 tons)

Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Portugal

In 2022, the amount of offal, edible; of bovine animals, tongues, frozens exported from Portugal surged to 31 tons, increasing by 572% compared with 2021. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 5,665% against the previous year. As a result, the exports attained the peak of 37 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of offal, edible; of bovine animals, tongues, frozens skyrocketed to $82K in 2022. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,843%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

Top Export Markets for Offal, Edible; of Bovine Animals, Tongues, Frozen from Portugal in 2022:

1. Angola (26.4 tons)
2. Spain (3.5 tons)

Source: IndexBox Market Intelligence Platform