Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Africa - 2023
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Africa (FOB) - 2022
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Africa (CIF) - 2023
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Africa
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Africa
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Africa (FOB) - 2022
In 2022, the average export price for meat of sheep or goats; fresh, chilled or frozen amounted to $7,304 per ton, increasing by 36% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for meat of sheep or goats; fresh, chilled or frozen increased by +99.9% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($12,378 per ton), while the average price for exports to Lesotho ($2,952 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 Botswana (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Africa (CIF) - 2023
In December 2023, the average import price for meat of sheep or goats; fresh, chilled or frozen amounted to $1,712 per ton, surging by 33% against the previous month. Overall, the import price, however, showed a perceptible contraction. The import price peaked at $2,770 per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Namibia ($1,751 per ton), while the price for Australia totaled $1,692 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Namibia (-1.8%), while the prices for the other major suppliers experienced a decline.
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Africa
For the fourth year in a row, South Africa recorded growth in shipments abroad of meat of sheep or goats; fresh, chilled or frozen, which increased by 43% to 4.4K tons in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 124% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen skyrocketed to $32M in 2022. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 161%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | N/A | 3.1 | 4.2 | 18.0 | 141.0% |
| United Arab Emirates | 2.2 | 3.6 | 7.8 | 7.0 | 47.1% |
| Kuwait | N/A | 0.6 | 0.8 | 2.4 | 100.0% |
| Nigeria | 0.1 | 0.1 | 0.5 | 1.0 | 115.4% |
| Ethiopia | 0.1 | 0.1 | 0.4 | 0.9 | 108.0% |
| Lesotho | 0.1 | 0.2 | 0.5 | 0.6 | 81.7% |
| Saint Helena, Ascension and Tristan da Cunha | 0.1 | 0.2 | 0.4 | N/A | 100.0% |
| Others | 0.8 | 1.0 | 1.7 | 2.1 | 37.9% |
| Total | 3.5 | 9.0 | 16.3 | 31.9 | 108.9% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from South Africa in 2022:
- Qatar (2365.1 tons)
- United Arab Emirates (1019.4 tons)
- Kuwait (291.4 tons)
- Lesotho (218.2 tons)
- Ethiopia (103.5 tons)
- Nigeria (77.9 tons)
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Africa
In 2022, approx. 1.9K tons of meat of sheep or goats; fresh, chilled or frozen were imported into South Africa; declining by -6.9% on the year before. In general, imports faced a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 22%.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen skyrocketed to $5.4M in 2022. Overall, imports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 31%.
| Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 3.8 | 2.1 | 4.0 | 3.9 | 0.9% |
| Namibia | 6.6 | 0.7 | 0.4 | 1.0 | -46.7% |
| New Zealand | 0.2 | 0.6 | 0.1 | 0.5 | 35.7% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 10.7 | 3.4 | 4.5 | 5.4 | -20.4% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to South Africa in 2022:
- Australia (1266.6 tons)
- Namibia (460.0 tons)
- New Zealand (133.8 tons)
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