South Africa: Frozen Turkey Cut Market 2024

Frozen Turkey Cut Market Size in South Africa

The South African frozen turkey cut market shrank dramatically to $X in 2022, declining by -46.9% against the previous year. In general, consumption recorded a abrupt decline. As a result, consumption reached the peak level of $X, and then contracted markedly in the following year.

Frozen Turkey Cut Production in South Africa

In value terms, frozen turkey cut production rose markedly to $X in 2022 estimated in export price. Over the period under review, production saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 73%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Frozen Turkey Cut Exports

Exports from South Africa

In 2022, after two years of decline, there was significant growth in shipments abroad of frozen cuts of turkey, when their volume increased by 13% to X tons. In general, exports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 76% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen turkey cut exports soared to $X in 2022. Over the period under review, exports, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2013 with an increase of 62% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Swaziland (X tons), Mozambique (X tons) and Spain (X tons) were the main destinations of frozen turkey cut exports from South Africa, with a combined 81% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +43.2%), while the other leaders experienced more modest paces of growth.

In value terms, Swaziland ($X), Mozambique ($X) and Spain ($X) constituted the largest markets for frozen turkey cut exported from South Africa worldwide, with a combined 87% share of total exports.

Spain, with a CAGR of +54.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen turkey cut export price stood at $X per ton in 2022, surging by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Mozambique ($X per ton), while the average price for exports to Botswana ($X 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 (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Turkey Cut Imports

Imports into South Africa

In 2022, the amount of frozen cuts of turkey imported into South Africa contracted significantly to X tons, dropping by -51.3% against 2021 figures. In general, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of 53% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen turkey cut imports dropped sharply to $X in 2022. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest frozen turkey cut supplier to South Africa, accounting for a 72% share of total imports. Moreover, frozen turkey cut imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. Canada (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to -7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.0% per year) and Canada (-13.5% per year).

In value terms, Brazil ($X) constituted the largest supplier of frozen cuts of turkey to South Africa, comprising 75% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by Chile, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.6% per year) and Chile (+37.4% per year).

Import Prices by Country

The average frozen turkey cut import price stood at $X per ton in 2022, picking up by 4% against the previous year. In general, import price indicated pronounced growth 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, frozen turkey cut import price increased by +44.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 39% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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