Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in South Africa - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in South Africa (FOB) - 2023
- Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in South Africa (CIF) - 2022
- Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in South Africa
- Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in South Africa
Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in South Africa (FOB) - 2023
The average export price for offal, edible; of bovine animals, fresh or chilleds stood at $1,266 per ton in December 2023, increasing by 9.6% against the previous month. Over the period under review, export price indicated modest growth from December 2022 to December 2023: its price increased at an average monthly rate of +1.4% 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 offal, edible; of bovine animals, fresh or chilleds increased by +9.6% against November 2023 indices. The pace of growth was the most pronounced in June 2023 when the average export price increased by 124% m-o-m. As a result, the export price attained the peak level of $1,899 per ton. From July 2023 to December 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Swaziland ($3,749 per ton), while the average price for exports to Lesotho ($1,137 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 Swaziland (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in South Africa (CIF) - 2022
In 2022, the average import price for offal, edible; of bovine animals, fresh or chilleds amounted to $1,219 per ton, waning by -9.4% against the previous year. Overall, the import price saw a mild contraction. The pace of growth appeared the most rapid in 2021 an increase of 199% against the previous year. Over the period under review, average import prices attained the peak figure at $1,443 per ton in 2017; however, from 2018 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 New Zealand ($3,683 per ton), while the price for Namibia ($679 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+0.1%), while the prices for the other major suppliers experienced a decline.
Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in South Africa
In 2022, exports of offal, edible; of bovine animals, fresh or chilleds from South Africa soared to 1.6K tons, picking up by 21% on the year before. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 39%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of offal, edible; of bovine animals, fresh or chilleds skyrocketed to $2.1M in 2022. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 76% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Offal, Edible; of Bovine Animals, Fresh or Chilled in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lesotho | 639 | 603 | 1,217 | 1,336 | 27.9% |
| Botswana | 151 | N/A | 35.3 | 246 | 17.7% |
| Mozambique | 129 | 180 | 318 | 199 | 15.5% |
| Namibia | 34.8 | 143 | 42.2 | 155 | 64.5% |
| Hong Kong SAR | 63.6 | N/A | 9.1 | 84.9 | 10.1% |
| Swaziland | 50.7 | 29.3 | 65.5 | 29.9 | -16.1% |
| Others | 45.0 | 22.0 | 35.9 | 3.8 | -56.1% |
| Total | 1,113 | 977 | 1,723 | 2,055 | 22.7% |
Top Export Markets for Offal, Edible; of Bovine Animals, Fresh or Chilled from South Africa in 2022:
- Lesotho (1207.9 tons)
- Mozambique (139.8 tons)
- Botswana (135.2 tons)
- Namibia (89.3 tons)
- Hong Kong SAR (27.9 tons)
- Swaziland (21.3 tons)
Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in South Africa
In 2022, imports of offal, edible; of bovine animals, fresh or chilleds into South Africa stood at 276 tons, surging by 9% on 2021 figures. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 449%.
In value terms, imports of offal, edible; of bovine animals, fresh or chilleds fell modestly to $337K in 2022. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 1,544% against the previous year. As a result, imports attained the peak of $341K, and then shrank modestly in the following year.
| Import of Offal, Edible; of Bovine Animals, Fresh or Chilled in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | 159 | 120 | -24.5% |
| New Zealand | 0.7 | N/A | N/A | 50.5 | 316.3% |
| United Kingdom | N/A | N/A | 32.3 | 46.3 | 43.3% |
| Australia | 0.4 | N/A | 48.6 | 29.7 | 320.3% |
| Ireland | 33.1 | N/A | N/A | 26.4 | -7.3% |
| Namibia | 189 | 8.7 | 4.0 | 25.2 | -48.9% |
| Spain | N/A | N/A | 38.0 | 25.1 | -33.9% |
| France | N/A | N/A | 0.7 | 13.7 | 1857.1% |
| Chile | N/A | N/A | 36.2 | N/A | 0% |
| United States | N/A | N/A | 22.4 | N/A | 0% |
| Others | 9.7 | 12.0 | N/A | N/A | 23.7% |
| Total | 233 | 20.7 | 341 | 337 | 13.1% |
Top Suppliers of Offal, Edible; of Bovine Animals, Fresh or Chilled to South Africa in 2022:
- Germany (93.1 tons)
- United Kingdom (43.8 tons)
- Namibia (37.1 tons)
- Spain (25.7 tons)
- Ireland (25.0 tons)
- Australia (24.9 tons)
- New Zealand (13.7 tons)
- France (13.0 tons)
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