Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in South Africa - 2023

Contents:

1. Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in South Africa (CIF) - 2022
2. Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in South Africa (FOB) - 2022
3. Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in South Africa
4. Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in South Africa

Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in South Africa (CIF) - 2022

In 2022, the average import price for offal, edible; of bovine animals, tongues, frozens amounted to $1,255 per ton, with an increase of 4.7% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for offal, edible; of bovine animals, tongues, frozens increased by +55.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 48%. Over the period under review, average import prices attained the peak figure at $1,387 per ton in 2013; however, from 2014 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 Argentina ($2,880 per ton), while the price for New Zealand ($757 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in South Africa (FOB) - 2022

In 2022, the average export price for offal, edible; of bovine animals, tongues, frozens amounted to $2,488 per ton, jumping by 25% against the previous year. In general, the export price, however, saw a slight decrease. The export price peaked at $2,784 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lesotho ($3,740 per ton), while the average price for exports to Democratic Republic of the Congo ($1,773 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho (+12.6%), while the prices for the other major destinations experienced a decline.

Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in South Africa

Imports of offal, edible; of bovine animals, tongues, frozens into South Africa contracted remarkably to 667 tons in 2022, which is down by -35.1% against the previous year's figure. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, imports reached the peak of 1K tons, and then shrank rapidly in the following year.

In value terms, imports of offal, edible; of bovine animals, tongues, frozens contracted remarkably to $836K in 2022. Over the period under review, imports saw a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 79% against the previous year. As a result, imports reached the peak of $1.2M, and then contracted notably in the following year.

Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to South Africa in 2022:

1. United States (491.1 tons)
2. Australia (125.1 tons)
3. Argentina (27.5 tons)
4. New Zealand (22.9 tons)

Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in South Africa

After three years of growth, shipments abroad of offal, edible; of bovine animals, tongues, frozens decreased by -12.5% to 35 tons in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 104% against the previous year. As a result, the exports reached the peak of 40 tons, and then fell in the following year.

In value terms, exports of offal, edible; of bovine animals, tongues, frozens expanded significantly to $88K in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 113%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Offal, Edible; of Bovine Animals, Tongues, Frozen from South Africa in 2022:

1. Mozambique (22.4 tons)
2. Lesotho (10.7 tons)
3. Angola (1.2 tons)
4. Democratic Republic of the Congo (0.8 tons)

Source: IndexBox Market Intelligence Platform