Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Russia - 2022

Contents:

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

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

The average import price for offal, edible; of bovine animals, tongues, frozens stood at $3,317 per ton in 2022, declining by -8.2% against the previous year. In general, the import price saw a noticeable decline. The growth pace was the most rapid in 2018 an increase of 38%. The import price peaked at $5,222 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Uruguay ($3,396 per ton) and Paraguay ($3,307 per ton), while the price for Brazil ($3,030 per ton) and Argentina ($3,281 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (-3.3%), while the prices for the other major suppliers experienced a decline.

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

The average export price for offal, edible; of bovine animals, tongues, frozens stood at $4,247 per ton in 2022, with a decrease of -2.9% against the previous year. In general, the export price recorded a deep setback. The pace of growth was the most pronounced in 2018 an increase of 27% against the previous year. Over the period under review, the average export prices reached the peak figure at $8,676 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Belarus.

From 2012 to 2022, the rate of growth in terms of prices for Ukraine amounted to +5.6% per year.

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

In 2022, approx. 9.8K tons of offal, edible; of bovine animals, tongues, frozens were imported into Russia; dropping by -3.6% on the previous year. Overall, imports saw a noticeable reduction. The growth pace was the most rapid in 2021 with an increase of 7.8% against the previous year.

In value terms, imports of offal, edible; of bovine animals, tongues, frozens shrank to $33M in 2022. In general, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 30%.

Import of Offal, Edible; of Bovine Animals, Tongues, Frozen in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Argentina26.415.118.213.1-20.8%
Uruguay5.15.57.810.928.8%
Paraguay7.13.86.37.20.5%
Brazil2.93.53.51.1-27.6%
Others0.70.51.00.3-24.6%
Total42.028.436.832.6-8.1%

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

  1. Argentina (4.0K tons)
  2. Uruguay (3.2K tons)
  3. Paraguay (2.2K tons)
  4. Brazil (0.4K tons)

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

In 2022, after three years of growth, there was decline in shipments abroad of offal, edible; of bovine animals, tongues, frozens, when their volume decreased by -1.7% to 83 tons. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 46%.

In value terms, exports of offal, edible; of bovine animals, tongues, frozens contracted modestly to $352K in 2022. The total export value increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 26%.

Export of Offal, Edible; of Bovine Animals, Tongues, Frozen in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belarus22723332535115.6%
Ukraine27.787.12.8N/A-68.2%
Others10.715.841.11.9-43.8%
Total2663363693529.8%

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

  1. Belarus (82.8 tons)

Source: IndexBox Market Intelligence Platform

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