Price for Meat of Bovine Animals; Frozen in South Africa - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in South Africa (FOB) - 2023
- Price for Meat of Bovine Animals; Frozen in South Africa (CIF) - 2023
- Exports of Meat of Bovine Animals; Frozen in South Africa
- Imports of Meat of Bovine Animals; Frozen in South Africa
Price for Meat of Bovine Animals; Frozen in South Africa (FOB) - 2023
In July 2023, the average export price for meat of bovine animals; frozen amounted to $4,849 per ton, increasing by 15% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 24% against the previous month. As a result, the export price attained the peak level of $5,784 per ton. From November 2022 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Qatar ($11,831 per ton), while the average price for exports to Lesotho ($2,427 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+5.1%), while the prices for the other major destinations experienced a decline.
Price for Meat of Bovine Animals; Frozen in South Africa (CIF) - 2023
The average import price for meat of bovine animals; frozen stood at $1,455 per ton in July 2023, declining by -26.5% against the previous month. Overall, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 67% month-to-month. Over the period under review, average import prices attained the peak figure at $4,684 per ton in September 2022; however, from October 2022 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Botswana ($1,652 per ton), while the price for Australia ($696 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 Uruguay (-1.7%), while the prices for the other major suppliers experienced a decline.
Exports of Meat of Bovine Animals; Frozen in South Africa
In 2022, shipments abroad of meat of bovine animals; frozen decreased by -33.7% to 11K tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a slight descent. The pace of growth was the most pronounced in 2020 with an increase of 68% against the previous year. As a result, the exports attained the peak of 20K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, meat of bovine animals; frozen exports reduced rapidly to $53M in 2022. Over the period under review, total exports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 56%.
| Export of Meat of Bovine Animals; Frozen in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.3 | 45.7 | 39.4 | 7.8 | -28.5% |
| United Arab Emirates | 2.2 | 3.4 | 3.2 | 6.7 | 44.9% |
| Lesotho | 2.4 | 2.8 | 4.9 | 5.1 | 28.6% |
| Mozambique | 4.8 | 3.9 | 5.0 | 4.9 | 0.7% |
| Egypt | 3.3 | 2.7 | 4.2 | 4.2 | 8.4% |
| Qatar | 0.2 | 0.3 | 0.2 | 4.1 | 173.7% |
| Kuwait | 1.5 | 5.1 | 1.7 | 3.6 | 33.9% |
| Jordan | 1.7 | 1.8 | 4.3 | 2.6 | 15.2% |
| Nigeria | 0.8 | 0.4 | 0.7 | 1.4 | 20.5% |
| Mauritius | 0.6 | 0.9 | 0.7 | 1.3 | 29.4% |
| Hong Kong SAR | 0.7 | 2.3 | 2.3 | 1.1 | 16.3% |
| United Kingdom | N/A | N/A | N/A | 0.8 | 0% |
| Netherlands | 0.4 | 0.1 | N/A | 0.7 | 20.5% |
| Others | 8.1 | 5.1 | 9.3 | 9.1 | 4.0% |
| Total | 47.9 | 74.6 | 75.9 | 53.4 | 3.7% |
Top Export Markets for Meat of Bovine Animals; Frozen from South Africa in 2022:
- Lesotho (2019.6 tons)
- China (1788.3 tons)
- United Arab Emirates (1108.4 tons)
- Mozambique (850.1 tons)
- Kuwait (760.8 tons)
- Egypt (611.9 tons)
- Qatar (555.4 tons)
- United Kingdom (428.2 tons)
- Netherlands (419.6 tons)
- Jordan (314.3 tons)
- Hong Kong SAR (231.6 tons)
- Mauritius (218.1 tons)
- Nigeria (211.6 tons)
Imports of Meat of Bovine Animals; Frozen in South Africa
In 2022, the amount of meat of bovine animals; frozen imported into South Africa contracted rapidly to 2.3K tons, falling by -26.1% on 2021 figures. Over the period under review, imports showed a precipitous slump. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year.
In value terms, meat of bovine animals; frozen imports declined to $7.3M in 2022. In general, imports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 36%.
| Import of Meat of Bovine Animals; Frozen in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 11.9 | 1.3 | 2.6 | 4.2 | -29.3% |
| Botswana | 13.4 | 3.1 | 1.2 | 1.4 | -52.9% |
| Brazil | 4.6 | 0.2 | N/A | 1.2 | -36.1% |
| Uruguay | 0.6 | 0.2 | 1.7 | 0.2 | -30.7% |
| United States | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Australia | 0.3 | 0.5 | 1.3 | 0.1 | -30.7% |
| United Kingdom | 0.3 | 0.1 | 0.6 | N/A | 41.4% |
| Others | 0.2 | 0.6 | 0.6 | N/A | 73.2% |
| Total | 31.4 | 6.0 | 8.1 | 7.3 | -38.5% |
Top Suppliers of Meat of Bovine Animals; Frozen to South Africa in 2022:
- United Kingdom (undefined tons)
- Namibia (1216.9 tons)
- Botswana (463.5 tons)
- Brazil (441.8 tons)
- Uruguay (80.6 tons)
- United States (42.5 tons)
- Australia (33.8 tons)
1213
This report provides an in-depth analysis of the beef market in South Africa.
579
This report provides an in-depth analysis of the beef market in South Africa.
4219
This report provides an in-depth analysis of the global beef market.
961
Global Beef Market Report 2019. This report provides an in-depth analysis of the global beef market.
328
This report provides an in-depth analysis of the frozen beef carcase market in South Africa.
497
Global Frozen Beef Carcase Market Report 2018. This report provides an in-depth analysis of the global frozen beef carcase market.
467
Explore the top import markets for beef, including China, the United States, South Korea, and more. Discover key statistics and figures from the IndexBox market intelligence platform.
697
The global beef market stood at $379.4B in 2021, approximately mirroring the previous year. This figure reflects the...
1791
The global beef market revenue amounted to $385.7B in 2018, growing by 5.1% against the previous year. This figure...
1310
Global beef market remained relatively stable, rising from X tons in 2007, to X tons in 2016.
3864
Global beef consumption amounted to X thousand tons in 2015, standing approx. at the previous year level.
1647
Global beef exports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
1971
Global beef imports amounted to X thousand tons in 2015, standing approx. at the previous year level.
1035
In 2015, the countries with the highest levels of production in 2015 were the United States (X thousand tons), Brazil (X thousand tons), China (X thousand tons), together accounting for X% of total output.
1253
France dominates in the global beef trade. In 2014, France exported X thousand tons of beef totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total beef exports in value terms
