Price for Homogenised Composite Food Preparations in South Africa - 2023

Contents:

1. Price for Homogenised Composite Food Preparations in South Africa (FOB) - 2023
2. Price for Homogenised Composite Food Preparations in South Africa (CIF) - 2022
3. Exports of Homogenised Composite Food Preparations in South Africa
4. Imports of Homogenised Composite Food Preparations in South Africa

Price for Homogenised Composite Food Preparations in South Africa (FOB) - 2023

The average homogenised composite food preparations export price stood at $2,185 per ton in February 2023, declining by -29.9% against the previous month. Over the period under review, the export price continues to indicate a mild decline. The pace of growth appeared the most rapid in November 2022 an increase of 62% month-to-month. Over the period under review, the average export prices reached the peak figure at $3,687 per ton in April 2022; however, from May 2022 to February 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In February 2023, the country with the highest price was Swaziland ($5,740 per ton), while the average price for exports to Mozambique ($617 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Homogenised Composite Food Preparations in South Africa (CIF) - 2022

The average homogenised composite food preparations import price stood at $2,840 per ton in 2022, which is down by -48.5% against the previous year. Overall, the import price showed a pronounced contraction. The pace of growth was the most pronounced in 2019 an increase of 56%. The import price peaked at $10,001 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($25,529 per ton), while the price for China ($207 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+59.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Homogenised Composite Food Preparations in South Africa

In 2022, exports of homogenised composite food preparationses from South Africa expanded rapidly to 1.1K tons, increasing by 9.6% compared with the previous year. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 150%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, homogenised composite food preparations exports shrank slightly to $3M in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 187%. The exports peaked at $3.1M in 2021, and then shrank modestly in the following year.

Top Export Markets for Homogenised Composite Food Preparations from South Africa in 2022:

1. Namibia (607.2 tons)
2. Zimbabwe (85.0 tons)
3. Ghana (63.1 tons)
4. Kenya (55.7 tons)
5. Lesotho (50.7 tons)
6. Mozambique (40.7 tons)
7. Swaziland (36.2 tons)
8. Mauritius (36.1 tons)
9. Botswana (36.0 tons)
10. Malawi (28.8 tons)
11. Saint Helena, Ascension and Tristan da Cunha (25.6 tons)
12. Zambia (25.0 tons)

Imports of Homogenised Composite Food Preparations in South Africa

In 2022, the amount of homogenised composite food preparationses imported into South Africa skyrocketed to 52 tons, rising by 87% on the previous year. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, homogenised composite food preparations imports dropped modestly to $149K in 2022. In general, imports, however, showed a precipitous shrinkage. The growth pace was the most rapid in 2020 when imports increased by 41%. As a result, imports attained the peak of $451K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Homogenised Composite Food Preparations to South Africa in 2022:

1. Spain (undefined tons)
2. Turkey (25.5 tons)
3. Zimbabwe (10.8 tons)
4. Syrian Arab Republic (6.5 tons)
5. United States (1.6 tons)
6. China (1.5 tons)
7. United Kingdom (1.5 tons)
8. France (1.3 tons)
9. Ghana (1.0 tons)