Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in South Africa - 2023
Contents:
- Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in South Africa (FOB) - 2023
- Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in South Africa (CIF) - 2022
- Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in South Africa
- Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in South Africa
Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in South Africa (FOB) - 2023
The average export price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $4,945 per ton in December 2023, waning by -3.3% against the previous month. Over the period under review, export price indicated a noticeable increase from December 2022 to December 2023: its price increased at an average monthly rate of +2.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for fresh or chilled carcasses and half-carcasses of bovine meat decreased by -10.1% against October 2023 indices. The pace of growth was the most pronounced in May 2023 an increase of 21% m-o-m. The export price peaked at $5,501 per ton in October 2023; however, from November 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Jordan ($6,608 per ton), while the average price for exports to Mozambique ($3,173 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 Qatar (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in South Africa (CIF) - 2022
In 2022, the average import price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $2,717 per ton, picking up by 2.8% against the previous year. Overall, the import price, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 25% against the previous year. The import price peaked at $3,921 per ton in 2012; however, from 2013 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 country with the highest price was Botswana ($2,718 per ton), while the price for Namibia stood at $2,644 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (-3.3%).
Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in South Africa
In 2022, overseas shipments of fresh or chilled carcasses and half-carcasses of bovine meat decreased by -55.2% to 735 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 95%. As a result, the exports attained the peak of 2.2K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat reduced dramatically to $3.3M in 2022. Over the period under review, exports saw a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 77%.
Export of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mozambique | 1,245 | 2,663 | 2,261 | 1,041 | -5.8% |
Qatar | 32.3 | 236 | 2,382 | 933 | 206.8% |
Swaziland | 2,333 | 1,964 | 2,959 | 650 | -34.7% |
Lesotho | 124 | 442 | 157 | 323 | 37.6% |
United Arab Emirates | N/A | 253 | 129 | 165 | -19.2% |
Saint Helena, Ascension and Tristan da Cunha | N/A | N/A | 2.0 | 98.3 | 4815.0% |
Kuwait | 345 | 1,312 | 1,311 | 52.3 | -46.7% |
Namibia | N/A | 332 | 80.5 | N/A | -75.8% |
Others | 4.9 | 38.0 | 2.8 | 1.9 | -27.1% |
Total | 4,084 | 7,240 | 9,286 | 3,265 | -7.2% |
Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from South Africa in 2022:
- Mozambique (269.6 tons)
- Swaziland (180.3 tons)
- Qatar (138.4 tons)
- Lesotho (104.4 tons)
- United Arab Emirates (20.2 tons)
- Saint Helena, Ascension and Tristan da Cunha (15.1 tons)
- Kuwait (6.2 tons)
Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in South Africa
In 2022, the amount of fresh or chilled carcasses and half-carcasses of bovine meat imported into South Africa contracted sharply to 786 tons, falling by -29.9% on the year before. Over the period under review, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 13,415%. As a result, imports reached the peak of 1.1K tons, and then shrank significantly in the following year.
In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat fell markedly to $2.1M in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 16,755%. As a result, imports attained the peak of $3M, and then dropped sharply in the following year.
Import of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Botswana | N/A | N/A | 2,837 | 2,091 | -26.3% |
Namibia | 90.9 | 17.6 | 47.4 | 45.6 | -20.5% |
Others | N/A | N/A | 81.5 | N/A | 0% |
Total | 90.9 | 17.6 | 2,966 | 2,136 | 186.4% |
Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to South Africa in 2022:
- Botswana (769.2 tons)
- Namibia (17.3 tons)
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