Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in South Africa - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in South Africa (CIF) - 2023
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in South Africa (FOB) - 2023
- Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in South Africa
- Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in South Africa
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in South Africa (CIF) - 2023
In December 2023, the average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $1,398 per ton, growing by 13% against the previous month. Over the period under review, the import price, however, showed a slight shrinkage. Over the period under review, average import prices hit record highs at $1,738 per ton in May 2023; however, from June 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Argentina ($3,016 per ton), while the price for the United States ($753 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Spain (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in South Africa (FOB) - 2023
The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $2,104 per ton in December 2023, increasing by 19% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 187% m-o-m. As a result, the export price attained the peak level of $4,133 per ton. From April 2023 to December 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Democratic Republic of the Congo ($3,919 per ton), while the average price for exports to Mozambique ($1,261 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 Democratic Republic of the Congo (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in South Africa
In 2022, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens into South Africa contracted to 15K tons, with a decrease of -11.7% on 2021 figures. Overall, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 10%.
In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens dropped to $27M in 2022. The total import value increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 37%. As a result, imports attained the peak of $30M, and then declined in the following year.
| Import of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 7.8 | 9.5 | 12.5 | 13.0 | 18.6% |
| United States | 3.5 | 1.3 | 3.8 | 3.0 | -5.0% |
| Australia | 3.6 | 4.7 | 3.3 | 2.3 | -13.9% |
| United Kingdom | 1.3 | 1.7 | 2.1 | 2.3 | 20.9% |
| New Zealand | 1.0 | 0.7 | 2.1 | 1.5 | 14.5% |
| France | 0.7 | 0.9 | 2.0 | 1.4 | 26.0% |
| Ireland | 1.3 | 1.5 | 1.9 | 1.4 | 2.5% |
| Germany | 0.5 | 0.8 | 1.4 | 1.2 | 33.9% |
| Namibia | 1.3 | 0.1 | 0.2 | 0.2 | -46.4% |
| Others | 1.7 | 0.9 | 0.8 | 0.9 | -19.1% |
| Total | 22.8 | 22.0 | 30.1 | 27.3 | 6.2% |
Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to South Africa in 2022:
- Argentina (4.7K tons)
- United States (3.0K tons)
- United Kingdom (2.0K tons)
- Australia (1.7K tons)
- Ireland (0.9K tons)
- France (0.8K tons)
- Germany (0.8K tons)
- New Zealand (0.6K tons)
- Namibia (0.2K tons)
Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in South Africa
For the third year in a row, South Africa recorded decline in overseas shipments of offal, edible; of bovine animals, (other than tongues and livers), frozens, which decreased by -62.6% to 873 tons in 2022. Overall, exports recorded a sharp curtailment. The smallest decline of -0.4% was in 2020.
In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens dropped notably to $1.8M in 2022. Over the period under review, exports faced a precipitous decline. The growth pace was the most rapid in 2021 when exports increased by 3.5%.
| Export of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Swaziland | 342 | 358 | 470 | 549 | 17.1% |
| Hong Kong SAR | 1,753 | 2,064 | 1,737 | 529 | -32.9% |
| Botswana | 494 | 415 | 1,054 | 278 | -17.4% |
| Namibia | 62.5 | 342 | 662 | 170 | 39.6% |
| Lesotho | 220 | 215 | 240 | 157 | -10.6% |
| Kuwait | N/A | 158 | 4.3 | 53.1 | -42.0% |
| China | 351 | 471 | 463 | 44.5 | -49.8% |
| Vietnam | 2,007 | 752 | 349 | N/A | -58.3% |
| Others | 346 | 256 | 231 | 63.6 | -43.1% |
| Total | 5,576 | 5,032 | 5,210 | 1,843 | -30.9% |
Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from South Africa in 2022:
- Swaziland (236.7 tons)
- Botswana (169.3 tons)
- Hong Kong SAR (163.7 tons)
- Lesotho (135.2 tons)
- Namibia (117.6 tons)
- Kuwait (25.0 tons)
- China (6.3 tons)
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