Price for Protein; Concentrates and Textured Protein Substances in South Africa - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in South Africa (FOB) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in South Africa (CIF) - 2022
- Exports of Protein; Concentrates and Textured Protein Substances in South Africa
- Imports of Protein; Concentrates and Textured Protein Substances in South Africa
Price for Protein; Concentrates and Textured Protein Substances in South Africa (FOB) - 2024
The average export price for protein; concentrates and textured protein substanceses stood at $2,997 per ton in April 2024, increasing by 21% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In April 2024, the country with the highest price was Zimbabwe ($3,101 per ton), while the average price for exports to Swaziland ($1,526 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in South Africa (CIF) - 2022
In 2022, the average import price for protein; concentrates and textured protein substanceses amounted to $1,900 per ton, rising by 21% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2013 an increase of 35% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.
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 Italy ($3,480 per ton), while the price for Argentina ($550 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Protein; Concentrates and Textured Protein Substances in South Africa
In 2022, approx. 17K tons of protein; concentrates and textured protein substanceses were exported from South Africa; increasing by 14% against the previous year's figure. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 56% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, exports of protein; concentrates and textured protein substanceses skyrocketed to $41M in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Protein; Concentrates and Textured Protein Substances in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 4.5 | 8.4 | 10.5 | 10.5 | 32.6% |
| Malawi | 0.6 | 1.5 | 4.6 | 7.3 | 130.0% |
| Zambia | 1.4 | 2.6 | 4.8 | 4.1 | 43.1% |
| Namibia | 1.3 | 1.7 | 3.1 | 3.9 | 44.2% |
| United Arab Emirates | 0.2 | 0.1 | 0.3 | 2.9 | 143.8% |
| Sweden | 0.1 | N/A | N/A | 2.9 | 207.2% |
| Botswana | 2.8 | 1.8 | 2.4 | 2.4 | -5.0% |
| Mozambique | 0.5 | 1.0 | 1.2 | 1.9 | 56.0% |
| Lesotho | 2.4 | 1.1 | 1.4 | 1.1 | -22.9% |
| Malaysia | N/A | N/A | 0.2 | 0.5 | 150.0% |
| Others | 2.7 | 3.2 | 3.2 | 3.6 | 10.1% |
| Total | 16.5 | 21.3 | 31.5 | 41.1 | 35.6% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from South Africa in 2022:
- Zimbabwe (4.9K tons)
- Malawi (3.6K tons)
- Namibia (2.0K tons)
- Zambia (1.8K tons)
- Botswana (0.8K tons)
- Mozambique (0.7K tons)
- United Arab Emirates (0.6K tons)
- Sweden (0.6K tons)
- Lesotho (0.5K tons)
- Malaysia (0.3K tons)
Imports of Protein; Concentrates and Textured Protein Substances in South Africa
After three years of growth, overseas purchases of protein; concentrates and textured protein substanceses decreased by -8.7% to 11K tons in 2022. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 8.5%.
In value terms, imports of protein; concentrates and textured protein substanceses expanded sharply to $20M in 2022. The total import value increased at an average annual rate of +8.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Protein; Concentrates and Textured Protein Substances in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 2.6 | 4.8 | 1.0 | 7.7 | 43.6% |
| United States | 3.4 | 2.7 | 7.3 | 4.5 | 9.8% |
| China | 2.1 | 1.9 | 3.3 | 3.0 | 12.6% |
| Argentina | 1.6 | 1.6 | 2.0 | 1.3 | -6.7% |
| Netherlands | 0.8 | 1.7 | 0.7 | 1.0 | 7.7% |
| Italy | 2.0 | 2.3 | 2.0 | 0.6 | -33.1% |
| India | 0.3 | 0.3 | 0.5 | 0.3 | 0.0% |
| Others | 2.9 | 1.8 | 1.6 | 1.6 | -18.0% |
| Total | 15.6 | 17.1 | 18.2 | 20.0 | 8.6% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to South Africa in 2022:
- Brazil (3.2K tons)
- Argentina (2.4K tons)
- China (2.2K tons)
- United States (1.6K tons)
- Netherlands (0.5K tons)
- India (0.3K tons)
- Italy (0.2K tons)
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