Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in South Africa - 2023

Contents:

1. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in South Africa (FOB) - 2023
2. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in South Africa (CIF) - 2022
3. Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in South Africa
4. Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in South Africa

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in South Africa (FOB) - 2023

The average export price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $4,945 per ton in December 2023, waning by -3.3% against the previous month. Over the period under review, export price indicated a noticeable increase from December 2022 to December 2023: its price increased at an average monthly rate of +2.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for fresh or chilled carcasses and half-carcasses of bovine meat decreased by -10.1% against October 2023 indices. The pace of growth was the most pronounced in May 2023 an increase of 21% m-o-m. The export price peaked at $5,501 per ton in October 2023; however, from November 2023 to December 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Jordan ($6,608 per ton), while the average price for exports to Mozambique ($3,173 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in South Africa (CIF) - 2022

In 2022, the average import price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $2,717 per ton, picking up by 2.8% against the previous year. Overall, the import price, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 25% against the previous year. The import price peaked at $3,921 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 ($2,718 per ton), while the price for Namibia stood at $2,644 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (-3.3%).

Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in South Africa

In 2022, overseas shipments of fresh or chilled carcasses and half-carcasses of bovine meat decreased by -55.2% to 735 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 95%. As a result, the exports attained the peak of 2.2K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat reduced dramatically to $3.3M in 2022. Over the period under review, exports saw a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 77%.

Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from South Africa in 2022:

1. Mozambique (269.6 tons)
2. Swaziland (180.3 tons)
3. Qatar (138.4 tons)
4. Lesotho (104.4 tons)
5. United Arab Emirates (20.2 tons)
6. Saint Helena, Ascension and Tristan da Cunha (15.1 tons)
7. Kuwait (6.2 tons)

Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in South Africa

In 2022, the amount of fresh or chilled carcasses and half-carcasses of bovine meat imported into South Africa contracted sharply to 786 tons, falling by -29.9% on the year before. Over the period under review, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 13,415%. As a result, imports reached the peak of 1.1K tons, and then shrank significantly in the following year.

In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat fell markedly to $2.1M in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 16,755%. As a result, imports attained the peak of $3M, and then dropped sharply in the following year.

Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to South Africa in 2022:

1. Botswana (769.2 tons)
2. Namibia (17.3 tons)

Source: IndexBox Market Intelligence Platform