South Africa - Frozen Cuts Of Turkey - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Turkey Cut Price in South Africa - 2023
Contents:
- Frozen Turkey Cut Price in South Africa (CIF) - 2023
- Frozen Turkey Cut Price in South Africa (FOB) - 2023
- Frozen Turkey Cut Imports in South Africa
- Frozen Turkey Cut Exports in South Africa
Frozen Turkey Cut Price in South Africa (CIF) - 2023
In July 2023, the average frozen turkey cut import price amounted to $1,903 per ton, waning by -3.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in April 2023 when the average import price increased by 23% against the previous month. As a result, import price attained the peak level of $2,099 per ton. From May 2023 to July 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Brazil ($2,026 per ton), while the price for Chile ($1,448 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 Chile (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Frozen Turkey Cut Price in South Africa (FOB) - 2023
In July 2023, the average frozen turkey cut export price amounted to $2,732 per ton, with an increase of 20% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 22% against the previous month. Over the period under review, the average export prices hit record highs at $2,787 per ton in January 2023; however, from February 2023 to July 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In July 2023, the country with the highest price was Mozambique ($2,737 per ton), while the average price for exports to Swaziland amounted to $2,694 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Turkey Cut Imports in South Africa
In 2022, approx. 12K tons of frozen turkey cuts were imported into South Africa; shrinking by -51.3% compared with the previous year. Over the period under review, imports faced a significant contraction. The growth pace was the most rapid in 2021 with an increase of 4% against the previous year.
In value terms, frozen turkey cut imports dropped markedly to $21M in 2022. In general, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 44%. As a result, imports attained the peak of $42M, and then dropped significantly in the following year.
| Import of Frozen Turkey Cut in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 6.9 | 8.9 | 13.3 | 15.9 | 32.1% |
| United States | 14.8 | 5.1 | 10.0 | 2.4 | -45.5% |
| Chile | 2.3 | 2.3 | 2.3 | 1.1 | -21.8% |
| Canada | 6.8 | 6.1 | 7.7 | 1.0 | -47.2% |
| Spain | 1.5 | 5.3 | 8.0 | 0.6 | -26.3% |
| Ireland | 1.1 | 1.0 | N/A | N/A | -9.1% |
| Poland | 1.6 | 0.1 | N/A | N/A | -93.8% |
| Others | 0.2 | 0.1 | 0.3 | 0.2 | 0.0% |
| Total | 35.2 | 28.9 | 41.6 | 21.1 | -15.7% |
Top Suppliers of Frozen Turkey Cut to South Africa in 2022:
- Brazil (8.7K tons)
- United States (1.4K tons)
- Canada (0.8K tons)
- Chile (0.7K tons)
- Spain (0.3K tons)
Frozen Turkey Cut Exports in South Africa
After two years of decline, shipments abroad of frozen turkey cuts increased by 12% to 606 tons in 2022. Over the period under review, exports, however, recorded a dramatic shrinkage.
In value terms, frozen turkey cut exports surged to $1.4M in 2022. Overall, exports, however, saw a abrupt curtailment.
| Export of Frozen Turkey Cut in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Swaziland | 896 | 1,029 | 814 | 617 | -11.7% |
| Mozambique | 887 | 599 | 22.9 | 481 | -18.5% |
| Spain | 36.7 | N/A | 40.8 | 136 | 54.7% |
| Namibia | 79.4 | 70.3 | 35.0 | 74.3 | -2.2% |
| Vietnam | N/A | N/A | N/A | 53.2 | 0% |
| Brazil | N/A | N/A | N/A | 52.7 | 0% |
| Botswana | 282 | 155 | 21.8 | 3.9 | -76.0% |
| Others | 149 | 56.1 | 65.3 | 4.7 | -68.4% |
| Total | 2,330 | 1,910 | 1,000 | 1,422 | -15.2% |
Top Export Markets for Frozen Turkey Cut from South Africa in 2022:
- Swaziland (259.5 tons)
- Mozambique (160.0 tons)
- Spain (74.1 tons)
- Namibia (55.4 tons)
- Vietnam (27.2 tons)
- Brazil (26.3 tons)
- Botswana (3.7 tons)
This report provides an in-depth analysis of the frozen turkey cut 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 10122055 - Frozen cuts of turkey
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
-
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
463
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