South Africa - Frozen Whole Turkeys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Whole Turkey Price in South Africa - 2023
Contents:
- Frozen Whole Turkey Price in South Africa (CIF) - 2023
- Frozen Whole Turkey Price in South Africa (FOB) - 2022
- Frozen Whole Turkey Imports in South Africa
- Frozen Whole Turkey Exports in South Africa
Frozen Whole Turkey Price in South Africa (CIF) - 2023
The average frozen whole turkey import price stood at $3,372 per ton in September 2023, increasing by 2.5% against the previous month. Overall, the import price showed a mild increase. The pace of growth was the most pronounced in July 2023 an increase of 89% against the previous month. The import price peaked in September 2023.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From September 2022 to September 2023, the rate of growth in terms of prices for Brazil amounted to +1.3% per month.
Frozen Whole Turkey Price in South Africa (FOB) - 2022
The average frozen whole turkey export price stood at $1,835 per ton in 2022, with an increase of 2.8% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen whole turkey export price decreased by -33.4% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 73% against the previous year. Over the period under review, the average export prices hit record highs at $2,757 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($4,169 per ton), while the average price for exports to Swaziland ($839 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Whole Turkey Imports in South Africa
In 2022, overseas purchases of frozen whole turkeys decreased by -2% to 523 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 17% against the previous year. As a result, imports attained the peak of 961 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, frozen whole turkey imports surged to $1.5M in 2022. In general, imports showed a pronounced shrinkage.
| Import of Frozen Whole Turkey in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 1,264 | 980 | 469 | 1,355 | 2.3% |
| United States | 63.8 | N/A | 55.8 | 53.4 | -5.8% |
| Italy | N/A | N/A | N/A | 40.7 | 0% |
| Chile | N/A | N/A | N/A | 34.4 | 0% |
| Spain | N/A | 340 | 492 | N/A | 44.7% |
| Ireland | 236 | 229 | N/A | N/A | -3.0% |
| Poland | 39.7 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,603 | 1,550 | 1,018 | 1,483 | -2.6% |
Top Suppliers of Frozen Whole Turkey to South Africa in 2022:
- Brazil (446.6 tons)
- United States (27.1 tons)
- Chile (25.4 tons)
- Italy (24.0 tons)
Frozen Whole Turkey Exports in South Africa
In 2022, the amount of frozen whole turkeys exported from South Africa skyrocketed to 113 tons, rising by 135% on the previous year's figure. In general, exports, however, showed a noticeable setback.
In value terms, frozen whole turkey exports skyrocketed to $207K in 2022. Over the period under review, exports, however, showed a deep contraction.
| Export of Frozen Whole Turkey in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 6.0 | 9.3 | 11.9 | 54.2 | 108.3% |
| Namibia | 114 | 5.4 | 33.5 | 48.8 | -24.6% |
| Spain | N/A | N/A | N/A | 34.0 | 0% |
| Botswana | 9.5 | 26.2 | 14.9 | 26.1 | 40.1% |
| Zambia | 4.9 | 4.3 | 2.1 | 21.2 | 62.9% |
| Swaziland | 14.3 | 4.5 | 3.1 | 11.0 | -8.4% |
| Malawi | 5.6 | 9.1 | 3.0 | 7.4 | 9.7% |
| Zimbabwe | 13.1 | 5.6 | 12.2 | 1.8 | -48.4% |
| Mozambique | 79.1 | 13.9 | 0.6 | 1.4 | -73.9% |
| Lesotho | 15.0 | N/A | N/A | N/A | 0% |
| Others | 1.2 | 2.5 | 4.1 | 0.9 | -9.1% |
| Total | 263 | 80.9 | 85.5 | 207 | -7.7% |
Top Export Markets for Frozen Whole Turkey from South Africa in 2022:
- Namibia (35.4 tons)
- Democratic Republic of the Congo (24.9 tons)
- Spain (23.9 tons)
- Swaziland (13.1 tons)
- Botswana (6.7 tons)
- Zambia (5.1 tons)
- Malawi (1.7 tons)
- Zimbabwe (1.3 tons)
- Mozambique (0.5 tons)
This report provides an in-depth analysis of the frozen whole turkey 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 10122015 - Frozen whole turkeys
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
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Frozen Whole Turkey imports reached a peak of 1.1K tons in 2013, but decreased in the following years. By 2023, imports had declined to $1.4M in value.
204
The growth rate reached its peak in December 2022, surging by 42% compared to the previous month. The value of imported frozen whole chicken plummeted to $5.1M in September 2023.
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The price of Turkey Meat was $1,901 per ton (CIF, South Africa) in July 2023, showing a decline of -2% compared to the previous month.
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