Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in South Africa - 2023

Contents:

1. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in South Africa (FOB) - 2023
2. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in South Africa (CIF) - 2022
3. Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in South Africa
4. Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in South Africa

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in South Africa (FOB) - 2023

In December 2023, the average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $3,805 per ton, growing by 5.4% against the previous month. Over the period under review, the export price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in June 2023 an increase of 125% against the previous month. Over the period under review, the average export prices attained the maximum at $5,024 per ton in January 2023; however, from February 2023 to December 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was the United Arab Emirates ($21,064 per ton), while the average price for exports to Lesotho ($2,755 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+37.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in South Africa (CIF) - 2022

In 2022, the average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $2,625 per ton, shrinking by -38.3% against the previous year. Over the period under review, the import price recorded a noticeable slump. The growth pace was the most rapid in 2020 when the average import price increased by 47%. The import price peaked at $4,255 per ton in 2021, and then shrank rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Namibia ($2,672 per ton), while the price for Botswana amounted to $1,305 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (-2.9%).

Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in South Africa

In 2022, the amount of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat exported from South Africa reduced remarkably to 973 tons, with a decrease of -49.5% on the previous year. Overall, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 12%.

In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat shrank dramatically to $4.1M in 2022. In general, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 13%.

Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from South Africa in 2022:

1. Mozambique (442.9 tons)
2. Lesotho (278.7 tons)
3. Mauritius (76.8 tons)
4. Qatar (72.8 tons)
5. Botswana (24.0 tons)
6. Swaziland (15.2 tons)
7. United Arab Emirates (13.9 tons)
8. Kuwait (9.2 tons)

Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in South Africa

Imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into South Africa skyrocketed to 84 tons in 2022, growing by 160% on 2021. Over the period under review, imports, however, saw a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by 41,145% against the previous year.

In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $220K in 2022. In general, imports, however, faced a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 54,000% against the previous year.

Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to South Africa in 2022:

1. Namibia (75.2 tons)
2. Botswana (8.0 tons)

Source: IndexBox Market Intelligence Platform