South Africa - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey Meat Price in South Africa - 2023
Contents:
- Turkey Meat Price in South Africa (CIF) - 2023
- Turkey Meat Price in South Africa (FOB) - 2022
- Turkey Meat Imports in South Africa
- Turkey Meat Exports in South Africa
Turkey Meat Price in South Africa (CIF) - 2023
In July 2023, the average turkey meat import price amounted to $1,901 per ton, declining by -2% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 22% against the previous month. As a result, import price attained the peak level of $2,077 per ton. From May 2023 to July 2023, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Brazil ($2,017 per ton), while the price for Chile ($1,448 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 Chile (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Turkey Meat Price in South Africa (FOB) - 2022
The average turkey meat export price stood at $2,396 per ton in 2022, jumping by 31% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, turkey meat export price increased by +29.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 42%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($4,568 per ton), while the average price for exports to Namibia ($1,356 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 Zimbabwe (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.
Turkey Meat Imports in South Africa
Turkey meat imports into South Africa declined rapidly to 13K tons in 2022, falling by -50.3% against 2021 figures. In general, imports saw a sharp downturn. The pace of growth was the most pronounced in 2021 with an increase of 1.6%.
In value terms, turkey meat imports declined markedly to $23M in 2022. Overall, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. As a result, imports attained the peak of $43M, and then dropped remarkably in the following year.
| Import of Turkey Meat in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 8.4 | 10.0 | 13.9 | 17.3 | 27.2% |
| United States | 14.9 | 5.1 | 10.1 | 2.4 | -45.6% |
| Canada | 6.8 | 6.1 | 7.7 | 1.1 | -45.5% |
| Chile | 2.4 | 2.3 | 2.3 | 1.1 | -22.9% |
| Spain | 1.5 | 5.7 | 8.5 | 0.6 | -26.3% |
| Ireland | 1.3 | 1.3 | N/A | N/A | 0.0% |
| Poland | 1.8 | 0.1 | N/A | N/A | -94.4% |
| Others | 0.6 | 0.5 | 0.5 | 0.2 | -30.7% |
| Total | 37.8 | 31.1 | 43.1 | 22.8 | -15.5% |
Top Suppliers of Turkey Meat to South Africa in 2022:
- Brazil (9.2K tons)
- United States (1.4K tons)
- Canada (0.9K tons)
- Chile (0.8K tons)
- Spain (0.3K tons)
Turkey Meat Exports in South Africa
In 2022, overseas shipments of turkey meat were finally on the rise to reach 738 tons after two years of decline. Over the period under review, exports, however, recorded a dramatic slump.
In value terms, turkey meat exports surged to $1.8M in 2022. Overall, exports, however, saw a deep downturn.
| Export of Turkey Meat in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Swaziland | 953 | 1,065 | 821 | 690 | -10.2% |
| Mozambique | 1,127 | 697 | 25.7 | 494 | -24.0% |
| Spain | 36.7 | N/A | 40.8 | 170 | 66.7% |
| Namibia | 208 | 83.4 | 69.6 | 123 | -16.1% |
| Lesotho | 90.9 | 84.9 | 47.5 | 58.0 | -13.9% |
| Democratic Republic of the Congo | 60.6 | 34.3 | 43.8 | 54.2 | -3.7% |
| Vietnam | N/A | N/A | N/A | 53.2 | 0% |
| Brazil | N/A | N/A | N/A | 52.7 | 0% |
| Botswana | 325 | 208 | 45.7 | 30.0 | -54.8% |
| Others | 117 | 80.0 | 43.2 | 45.0 | -27.3% |
| Total | 2,917 | 2,252 | 1,137 | 1,770 | -15.3% |
Top Export Markets for Turkey Meat from South Africa in 2022:
- Swaziland (298.7 tons)
- Mozambique (166.5 tons)
- Spain (97.9 tons)
- Namibia (90.8 tons)
- Vietnam (27.2 tons)
- Brazil (26.3 tons)
- Democratic Republic of the Congo (24.9 tons)
- Lesotho (21.0 tons)
- Botswana (10.3 tons)
This report provides an in-depth analysis of the turkey meat market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1080 - Turkey meat
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The price of Turkey Meat was $1,901 per ton (CIF, South Africa) in July 2023, showing a decline of -2% compared to the previous month.
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Frozen Whole Turkey imports reached a peak of 1.1K tons in 2013, but decreased in the following years. By 2023, imports had declined to $1.4M in value.
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As of July 2023, the price of Fresh Whole Chicken amounted to $1,255 per ton (FOB, South Africa), reflecting a 12% increase compared to the previous month.
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In 2019, the global turkey meat market increased by 3.5% to $12.8B, rising for the second consecutive year after two...
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The global turkey meat market revenue amounted to $544M in 2017, dropping by -11.8% against the previous year. This figure...
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