Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Norway - 2024

Contents:

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

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

The average export price for offal, edible; of bovine animals, tongues, frozens stood at $4,636 per ton in 2022, approximately equating the previous year. Over the period under review, the export price recorded a mild descent. The growth pace was the most rapid in 2020 an increase of 127%. Over the period under review, the average export prices reached the maximum at $5,146 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($5,322 per ton) and Lithuania ($4,995 per ton), while the average price for exports to Ukraine ($4,181 per ton) and Poland ($4,531 per ton) were amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+172.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for offal, edible; of bovine animals, tongues, frozens amounted to $11,600 per ton, jumping by 111% against the previous year. Overall, the import price showed a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Estonia.

From 2012 to 2022, the rate of growth in terms of prices for Estonia amounted to +8.6% per year.

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

For the third year in a row, Norway recorded decline in overseas shipments of offal, edible; of bovine animals, tongues, frozens, which decreased by 0% to 99 tons in 2022. Overall, exports faced a dramatic curtailment. The smallest decline of -57.5% was in 2020.

In value terms, exports of offal, edible; of bovine animals, tongues, frozens amounted to $460K in 2022. In general, exports showed prominent growth. The smallest decline of -3.4% was in 2020. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

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

1. Ukraine (39.9 tons)
2. Poland (20.3 tons)
3. Lithuania (19.5 tons)
4. Italy (19.5 tons)

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

In 2022, approx. 10 kg of offal, edible; of bovine animals, tongues, frozens were imported into Norway; with a decrease of -99.6% against 2021. In general, imports continue to indicate a sharp contraction. The growth pace was the most rapid in 2021 when imports increased by 13%. As a result, imports reached the peak of 2.7 tons, and then reduced remarkably in the following year.

In value terms, imports of offal, edible; of bovine animals, tongues, frozens reduced remarkably to $116 in 2022. Over the period under review, imports recorded a sharp descent. The smallest decline of less than 0.1% was in 2021.

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

1. Estonia (10.0 kg)

Source: IndexBox Market Intelligence Platform