Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Portugal - 2023

Contents:

1. Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Portugal (CIF) - 2023
2. Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Portugal (FOB) - 2022
3. Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Portugal
4. Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Portugal

Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Portugal (CIF) - 2023

In October 2023, the average import price for offal, edible; of bovine animals, fresh or chilleds amounted to $4,607 per ton, which is down by -7.2% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in April 2023 an increase of 9.3% month-to-month. Over the period under review, average import prices attained the maximum at $4,962 per ton in September 2023, and then contracted in the following month.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the Netherlands ($6,722 per ton), while the price for France ($3,803 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Portugal (FOB) - 2022

The average export price for offal, edible; of bovine animals, fresh or chilleds stood at $1,155 per ton in 2022, reducing by -7% against the previous year. Over the period under review, the export price showed a noticeable descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by 97% against the previous year. The export price peaked at $4,547 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($1,311 per ton), while the average price for exports to Spain ($1,107 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 Spain (-2.1%), while the prices for the other major destinations experienced a decline.

Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Portugal

In 2022, the amount of offal, edible; of bovine animals, fresh or chilleds imported into Portugal skyrocketed to 898 tons, growing by 16% compared with the year before. The total import volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of offal, edible; of bovine animals, fresh or chilleds soared to $3.8M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Offal, Edible; of Bovine Animals, Fresh or Chilled to Portugal in 2022:

1. Spain (536.3 tons)
2. Netherlands (193.5 tons)
3. France (165.3 tons)

Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Portugal

In 2022, shipments abroad of offal, edible; of bovine animals, fresh or chilleds decreased by -38.7% to 192 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 248% against the previous year. As a result, the exports reached the peak of 313 tons, and then dropped markedly in the following year.

In value terms, exports of offal, edible; of bovine animals, fresh or chilleds contracted markedly to $222K in 2022. Overall, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. As a result, the exports attained the peak of $389K, and then reduced notably in the following year.

Top Export Markets for Offal, Edible; of Bovine Animals, Fresh or Chilled from Portugal in 2022:

1. Spain (133.9 tons)
2. France (34.2 tons)
3. Italy (23.0 tons)

Source: IndexBox Market Intelligence Platform