South Africa - Chicken Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChicken Meat Price in South Africa - 2023
Contents:
- Chicken Meat Price in South Africa (CIF) - 2023
- Chicken Meat Price in South Africa (FOB) - 2023
- Chicken Meat Imports in South Africa
- Chicken Meat Exports in South Africa
Chicken Meat Price in South Africa (CIF) - 2023
In July 2023, the average chicken meat import price amounted to $548 per ton, remaining relatively unchanged against the previous month. Overall, the import price continues to indicate a mild slump. The most prominent rate of growth was recorded in November 2022 an increase of 27% m-o-m. Over the period under review, average import prices attained the peak figure at $653 per ton in January 2023; however, from February 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Ireland ($1,180 per ton), while the price for Brazil ($502 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Ireland (+6.3%), while the prices for the other major suppliers experienced a decline.
Chicken Meat Price in South Africa (FOB) - 2023
In July 2023, the average chicken meat export price amounted to $1,332 per ton, which is down by -4.7% against the previous month. Overall, the export price saw a slight decrease. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 10% month-to-month. The export price peaked at $1,691 per ton in January 2023; however, from February 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Mozambique ($2,082 per ton), while the average price for exports to Swaziland ($804 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Chicken Meat Imports in South Africa
In 2022, chicken meat imports into South Africa contracted to 359K tons, declining by -11.5% compared with the previous year. In general, imports showed a deep setback. The smallest decline of -9.8% was in 2020.
In value terms, chicken meat imports reduced dramatically to $254M in 2022. Over the period under review, imports faced a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year.
| Import of Chicken Meat in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 164 | 129 | 199 | 185 | 4.1% |
| United States | 64.8 | 51.6 | 51.6 | 38.7 | -15.8% |
| Argentina | 25.7 | 14.9 | 17.9 | 24.4 | -1.7% |
| Spain | 17.2 | 23.3 | 41.2 | 1.8 | -52.9% |
| Ireland | 27.6 | 31.7 | 0.9 | N/A | -81.9% |
| Poland | 49.8 | 4.2 | N/A | N/A | -91.6% |
| Denmark | 23.1 | 16.3 | 0.1 | N/A | -93.4% |
| Others | 11.2 | 12.1 | 5.9 | 4.4 | -26.8% |
| Total | 384 | 283 | 317 | 254 | -12.9% |
Top Suppliers of Chicken Meat to South Africa in 2022:
- Brazil (272.2K tons)
- United States (46.2K tons)
- Argentina (33.3K tons)
- Spain (1.8K tons)
Chicken Meat Exports in South Africa
Chicken meat exports from South Africa expanded markedly to 54K tons in 2022, with an increase of 6.3% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, chicken meat exports surged to $89M in 2022. The total export value increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Chicken Meat in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lesotho | 31.5 | 28.3 | 38.1 | 37.7 | 6.2% |
| Mozambique | 23.4 | 22.3 | 12.1 | 27.7 | 5.8% |
| Namibia | 7.1 | 11.1 | 14.7 | 11.8 | 18.5% |
| Botswana | 4.0 | 2.9 | 3.5 | 3.8 | -1.7% |
| Swaziland | 1.3 | 1.5 | 2.6 | 2.6 | 26.0% |
| United Arab Emirates | 3.5 | 2.2 | 0.9 | 1.6 | -23.0% |
| Others | 4.1 | 3.3 | 3.6 | 3.7 | -3.4% |
| Total | 74.9 | 71.6 | 75.5 | 88.9 | 5.9% |
Top Export Markets for Chicken Meat from South Africa in 2022:
- Lesotho (25.1K tons)
- Mozambique (13.4K tons)
- Namibia (8.1K tons)
- Swaziland (2.5K tons)
- Botswana (2.3K tons)
- United Arab Emirates (0.6K tons)
This report provides an in-depth analysis of the chicken meat market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1058 - Chicken meat
- FCL 1059 - Offals and liver of chickens
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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