Price for Meat of Bovine Animals; Fresh or Chilled in South Africa - 2024
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in South Africa (FOB) - 2024
- Price for Meat of Bovine Animals; Fresh or Chilled in South Africa (CIF) - 2022
- Exports of Meat of Bovine Animals; Fresh or Chilled in South Africa
- Imports of Meat of Bovine Animals; Fresh or Chilled in South Africa
Price for Meat of Bovine Animals; Fresh or Chilled in South Africa (FOB) - 2024
The average export price for meat of bovine animals; fresh or chilled stood at $5,044 per ton in January 2024, rising by 13% against the previous month. Over the period under review, the export price, however, continues to indicate a pronounced reduction. The pace of growth was the most pronounced in August 2023 an increase of 24% month-to-month. As a result, the export price attained the peak level of $7,119 per ton. From September 2023 to January 2024, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In January 2024, the country with the highest price was the United Arab Emirates ($6,769 per ton), while the average price for exports to the Netherlands ($1,971 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.5%), while the prices for the other major destinations experienced a decline.
Price for Meat of Bovine Animals; Fresh or Chilled in South Africa (CIF) - 2022
In 2022, the average import price for meat of bovine animals; fresh or chilled amounted to $2,885 per ton, surging by 4.3% against the previous year. In general, the import price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2020 an increase of 10% against the previous year. The import price peaked at $4,014 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 Namibia ($2,937 per ton), while the price for Botswana totaled $2,704 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (-2.2%).
Exports of Meat of Bovine Animals; Fresh or Chilled in South Africa
In 2022, overseas shipments of meat of bovine animals; fresh or chilled decreased by -2.7% to 16K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +7.2% 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 32% against the previous year. As a result, the exports reached the peak of 17K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of meat of bovine animals; fresh or chilled rose markedly to $97M in 2022. The total export value increased at an average annual rate of +14.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Meat of Bovine Animals; Fresh or Chilled in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 17.1 | 22.9 | 26.5 | 25.0 | 13.5% |
| Jordan | 11.5 | 22.0 | 13.9 | 17.1 | 14.1% |
| United Arab Emirates | 10.3 | 8.7 | 12.3 | 15.6 | 14.8% |
| Qatar | 5.1 | 6.8 | 11.4 | 12.7 | 35.5% |
| Mozambique | 6.8 | 7.6 | 8.7 | 8.7 | 8.6% |
| Bahrain | 1.2 | 1.0 | 1.4 | 2.3 | 24.2% |
| Mauritius | 0.5 | 1.7 | 2.3 | 2.3 | 66.3% |
| Netherlands | 0.7 | 0.3 | 0.2 | 1.6 | 31.7% |
| Lesotho | 0.7 | 1.2 | 1.9 | 1.5 | 28.9% |
| Canada | N/A | 0.1 | 0.4 | 1.4 | 274.2% |
| Zimbabwe | N/A | 0.1 | 1.1 | 1.4 | 274.2% |
| Swaziland | 5.6 | 3.3 | 3.9 | 1.0 | -43.7% |
| Others | 6.1 | 5.0 | 5.5 | 6.8 | 3.7% |
| Total | 65.7 | 80.6 | 89.6 | 97.3 | 14.0% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from South Africa in 2022:
- Kuwait (3.4K tons)
- Jordan (2.5K tons)
- United Arab Emirates (1.9K tons)
- Mozambique (1.9K tons)
- Qatar (1.5K tons)
- Netherlands (0.7K tons)
- Canada (0.5K tons)
- Lesotho (0.5K tons)
- Zimbabwe (0.4K tons)
- Mauritius (0.3K tons)
- Bahrain (0.2K tons)
- Swaziland (0.2K tons)
Imports of Meat of Bovine Animals; Fresh or Chilled in South Africa
In 2022, the amount of meat of bovine animals; fresh or chilled imported into South Africa contracted significantly to 901 tons, which is down by -25.7% on the previous year's figure. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 547%. As a result, imports attained the peak of 1.2K tons, and then shrank markedly in the following year.
In value terms, imports of meat of bovine animals; fresh or chilled reduced remarkably to $2.6M in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 541% against the previous year. As a result, imports reached the peak of $3.4M, and then fell remarkably in the following year.
| Import of Meat of Bovine Animals; Fresh or Chilled in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 158 | 309 | 2,845 | 2,101 | 136.9% |
| Namibia | 534 | 111 | 334 | 337 | -14.2% |
| Others | 57.1 | 103 | 175 | 162 | 41.6% |
| Total | 749 | 523 | 3,355 | 2,600 | 51.4% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to South Africa in 2022:
- Botswana (777.2 tons)
- Namibia (114.8 tons)
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