Price for Food Preparations Not Elsewhere Specified or Included in South Africa - 2024
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in South Africa (CIF) - 2024
- Price for Food Preparations Not Elsewhere Specified or Included in South Africa (FOB) - 2024
- Imports of Food Preparations Not Elsewhere Specified or Included in South Africa
- Exports of Food Preparations Not Elsewhere Specified or Included in South Africa
Price for Food Preparations Not Elsewhere Specified or Included in South Africa (CIF) - 2024
The average import price for food preparations not elsewhere specified or included stood at $6,013 per ton in January 2024, increasing by 15% against the previous month. In general, the import price saw a mild increase. Over the period under review, average import prices attained the peak figure at $6,138 per ton in June 2023; however, from July 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Denmark ($11,097 per ton), while the price for Thailand ($660 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Brazil (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in South Africa (FOB) - 2024
In January 2024, the average export price for food preparations not elsewhere specified or included amounted to $2,414 per ton, declining by -4.9% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 an increase of 19% month-to-month. Over the period under review, the average export prices hit record highs at $2,935 per ton in July 2023; however, from August 2023 to January 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Nigeria ($4,013 per ton), while the average price for exports to Mauritius ($439 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in South Africa
In 2022, approx. 47K tons of food preparations not elsewhere specified or included were imported into South Africa; dropping by -3.6% on the previous year's figure. Overall, imports saw a pronounced decline. The pace of growth was the most pronounced in 2021 with an increase of 3.7%.
In value terms, imports of food preparations not elsewhere specified or included contracted to $216M in 2022. The total import value increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. As a result, imports reached the peak of $228M, and then shrank in the following year.
| Import of Food Preparations Not Elsewhere Specified or Included in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 25.7 | 23.8 | 33.5 | 34.2 | 10.0% |
| Netherlands | 13.3 | 19.8 | 23.6 | 27.5 | 27.4% |
| United States | 30.0 | 30.1 | 34.0 | 24.2 | -6.9% |
| Poland | 18.8 | 13.2 | 17.5 | 19.1 | 0.5% |
| Italy | 18.6 | 18.0 | 21.5 | 13.8 | -9.5% |
| Denmark | 7.9 | 10.1 | 8.7 | 9.9 | 7.8% |
| United Kingdom | 11.7 | 9.5 | 11.0 | 9.6 | -6.4% |
| China | 6.9 | 6.7 | 9.8 | 9.1 | 9.7% |
| Brazil | 3.2 | 6.0 | 2.5 | 8.5 | 38.5% |
| France | 7.9 | 5.8 | 9.4 | 8.2 | 1.3% |
| Belgium | 5.3 | 3.5 | 4.9 | 5.0 | -1.9% |
| Malaysia | 3.0 | 2.7 | 3.3 | 4.1 | 11.0% |
| Argentina | 1.6 | 1.6 | 2.0 | 1.3 | -6.7% |
| Others | 43.0 | 46.8 | 46.5 | 41.8 | -0.9% |
| Total | 197 | 198 | 228 | 216 | 3.1% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to South Africa in 2022:
- Netherlands (8.4K tons)
- Germany (5.2K tons)
- China (4.1K tons)
- Brazil (3.3K tons)
- Poland (3.3K tons)
- United States (3.1K tons)
- Italy (2.9K tons)
- Belgium (2.6K tons)
- Argentina (2.4K tons)
- United Kingdom (1.5K tons)
- Denmark (1.4K tons)
- France (1.3K tons)
- Malaysia (1.3K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in South Africa
In 2022, shipments abroad of food preparations not elsewhere specified or included decreased by -1.5% to 84K tons, falling for the second consecutive year after two years of growth. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 15%. As a result, the exports reached the peak of 99K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of food preparations not elsewhere specified or included stood at $206M in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Food Preparations Not Elsewhere Specified or Included in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 19.6 | 25.8 | 34.6 | 35.0 | 21.3% |
| Mozambique | 24.0 | 20.6 | 24.9 | 24.4 | 0.6% |
| Botswana | 19.5 | 19.0 | 20.0 | 21.7 | 3.6% |
| Zambia | 18.3 | 16.7 | 18.3 | 20.7 | 4.2% |
| Namibia | 18.6 | 20.0 | 20.1 | 20.6 | 3.5% |
| Malawi | 9.4 | 9.1 | 13.8 | 13.1 | 11.7% |
| Lesotho | 4.8 | 3.6 | 4.9 | 6.9 | 12.9% |
| Democratic Republic of the Congo | 7.5 | 5.0 | 3.5 | 6.2 | -6.1% |
| Swaziland | 3.4 | 4.1 | 5.0 | 5.0 | 13.7% |
| Others | 76.2 | 78.5 | 51.4 | 52.3 | -11.8% |
| Total | 201 | 202 | 197 | 206 | 0.8% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from South Africa in 2022:
- Botswana (16.8K tons)
- Zimbabwe (15.0K tons)
- Namibia (11.4K tons)
- Mozambique (9.3K tons)
- Zambia (8.1K tons)
- Malawi (5.9K tons)
- Lesotho (2.7K tons)
- Swaziland (2.3K tons)
- Democratic Republic of the Congo (1.4K tons)
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