Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in South Africa - 2023
Contents:
- Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in South Africa (FOB) - 2023
- Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in South Africa (CIF) - 2022
- Exports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in South Africa
- Imports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in South Africa
Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in South Africa (FOB) - 2023
In December 2023, the average export price for fresh or chilled lamb carcasses and half-carcasseses amounted to $4,425 per ton, reducing by -14% against the previous month. Over the period under review, the export price saw a noticeable downturn. The most prominent rate of growth was recorded in January 2023 an increase of 9.4% m-o-m. As a result, the export price reached the peak level of $7,597 per ton. From February 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In December 2023, the countries with the highest prices were Jordan ($5,981 per ton) and Kuwait ($5,407 per ton), while the average price for exports to Qatar ($3,996 per ton) and the United Arab Emirates ($4,176 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 Jordan (-1.1%), while the prices for the other major destinations experienced a decline.
Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in South Africa (CIF) - 2022
In 2022, the average import price for fresh or chilled lamb carcasses and half-carcasseses amounted to $2,217 per ton, with a decrease of -6.4% against the previous year. Overall, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 49%. The import price peaked at $4,390 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Namibia.
From 2012 to 2022, the rate of growth in terms of prices for Namibia amounted to -6.6% per year.
Exports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in South Africa
In 2022, the amount of fresh or chilled lamb carcasses and half-carcasseses exported from South Africa soared to 2.3K tons, picking up by 64% on the previous year. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 535% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of fresh or chilled lamb carcasses and half-carcasseses surged to $17M in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 701% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Fresh or Chilled Lamb Carcasses and Half-Carcasses in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | N/A | 3.2 | 2.5 | 7.9 | 57.1% |
| United Arab Emirates | 0.7 | 2.4 | 6.6 | 6.5 | 110.2% |
| Kuwait | N/A | 0.4 | 0.8 | 2.3 | 139.8% |
| Swaziland | N/A | 0.1 | 0.2 | 0.1 | 0.0% |
| Others | N/A | 0.2 | 0.2 | 0.3 | 22.5% |
| Total | 0.8 | 6.2 | 10.2 | 17.1 | 177.5% |
Top Export Markets for Fresh or Chilled Lamb Carcasses and Half-Carcasses from South Africa in 2022:
- Qatar (1039.0 tons)
- United Arab Emirates (948.0 tons)
- Kuwait (281.3 tons)
- Swaziland (13.1 tons)
Imports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in South Africa
In 2022, after two years of decline, there was significant growth in overseas purchases of fresh or chilled lamb carcasses and half-carcasseses, when their volume increased by 457% to 29 tons. Over the period under review, imports, however, faced a significant curtailment.
In value terms, imports of fresh or chilled lamb carcasses and half-carcasseses surged to $64K in 2022. Overall, imports, however, showed a significant decrease.
| Import of Fresh or Chilled Lamb Carcasses and Half-Carcasses in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 173 | 46.6 | 12.3 | 63.9 | -28.3% |
| Others | 62.8 | N/A | N/A | N/A | 0% |
| Total | 236 | 46.6 | 12.3 | 63.9 | -35.3% |
Top Suppliers of Fresh or Chilled Lamb Carcasses and Half-Carcasses to South Africa in 2022:
- Namibia (28.8 tons)
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