South Africa - Fresh Or Chilled Carcases Of Beef And Veal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFresh Beef Carcase Price in South Africa - 2023
Contents:
- Fresh Beef Carcase Price in South Africa (FOB) - 2023
- Fresh Beef Carcase Price in South Africa (CIF) - 2022
- Fresh Beef Carcase Exports in South Africa
- Fresh Beef Carcase Imports in South Africa
Fresh Beef Carcase Price in South Africa (FOB) - 2023
The average fresh beef carcase export price stood at $4,347 per ton in July 2023, with a decrease of -9.3% against the previous month. Overall, the export price continues to indicate a mild decrease. The pace of growth appeared the most rapid in June 2023 an increase of 73% month-to-month. Over the period under review, the average export prices reached the peak figure at $5,136 per ton in August 2022; however, from September 2022 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Jordan ($7,355 per ton), while the average price for exports to Lesotho ($2,973 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 Jordan (+4.4%), while the prices for the other major destinations experienced a decline.
Fresh Beef Carcase Price in South Africa (CIF) - 2022
The average fresh beef carcase import price stood at $2,708 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price, however, continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2021 an increase of 29%. Over the period under review, average import prices reached the maximum at $3,673 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 ($2,704 per ton), while the price for Namibia amounted to $2,667 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (-3.0%).
Fresh Beef Carcase Exports in South Africa
In 2022, shipments abroad of fresh or chilled carcases of beef and veal decreased by -48.9% to 1.7K tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 when exports increased by 21% against the previous year. As a result, the exports reached the peak of 3.9K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, fresh beef carcase exports contracted markedly to $7.4M in 2022. Overall, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 21% against the previous year. As a result, the exports attained the peak of $17M, and then shrank remarkably in the following year.
| Export of Fresh Beef Carcase in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mozambique | 3.4 | 4.1 | 3.7 | 2.7 | -7.4% |
| Qatar | 1.7 | 0.3 | 1.9 | 1.5 | -4.1% |
| Lesotho | 0.3 | 0.7 | 2.1 | 1.2 | 58.7% |
| Swaziland | 4.8 | 3.4 | 3.6 | 0.7 | -47.4% |
| Mauritius | 0.2 | 0.7 | 0.8 | 0.5 | 35.7% |
| United Arab Emirates | 0.6 | 1.3 | 1.0 | 0.3 | -20.6% |
| Kuwait | 0.7 | 1.7 | 2.0 | 0.1 | -47.7% |
| Norway | N/A | 0.7 | N/A | N/A | 0% |
| Others | 1.4 | 1.3 | 1.8 | 0.4 | -34.1% |
| Total | 13.1 | 14.0 | 16.9 | 7.4 | -17.3% |
Top Export Markets for Fresh Beef Carcase from South Africa in 2022:
- Mozambique (712.5 tons)
- Lesotho (383.2 tons)
- Qatar (211.2 tons)
- Swaziland (195.5 tons)
- Mauritius (76.8 tons)
- United Arab Emirates (34.1 tons)
- Kuwait (15.5 tons)
Fresh Beef Carcase Imports in South Africa
In 2022, the amount of fresh or chilled carcases of beef and veal imported into South Africa reduced markedly to 870 tons, waning by -24.6% compared with the previous year's figure. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 13,343% against the previous year. As a result, imports reached the peak of 1.2K tons, and then declined remarkably in the following year.
In value terms, fresh beef carcase imports fell markedly to $2.4M in 2022. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 17,283%. As a result, imports attained the peak of $3.1M, and then contracted remarkably in the following year.
| Import of Fresh Beef Carcase in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | N/A | N/A | 2,845 | 2,101 | -26.2% |
| Namibia | 443 | 17.8 | 156 | 246 | -17.8% |
| Others | 0.6 | N/A | 102 | 8.3 | 140.1% |
| Total | 444 | 17.8 | 3,103 | 2,356 | 74.4% |
Top Suppliers of Fresh Beef Carcase to South Africa in 2022:
- Botswana (777.2 tons)
- Namibia (92.4 tons)
This report provides an in-depth analysis of the fresh beef carcase 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:
- Prodcom 10111140 - Fresh or chilled carcases, half-carcases and quarters with bone in, of beef and veal
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
- 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 VOLUME AND VALUE
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
- 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
- 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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