SADC: Frozen Whole Turkey Market 2024

Frozen Whole Turkey Market Size in SADC

In 2022, the SADC frozen whole turkey market decreased by -11% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption saw a pronounced decrease. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Frozen Whole Turkey Production in SADC

In value terms, frozen whole turkey production reduced to $X in 2022 estimated in export price. In general, production, however, showed a strong expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 118% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

South Africa (X tons) remains the largest frozen whole turkey producing country in SADC, comprising approx. 100% of total volume.

From 2012 to 2022, the average annual growth rate of volume in South Africa stood at +8.4%.

Frozen Whole Turkey Exports

Exports in SADC

In 2022, the amount of frozen whole turkeys exported in SADC skyrocketed to X tons, growing by 126% on the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2019 when exports increased by 147%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen whole turkey exports surged to $X in 2022. In general, exports, however, showed a abrupt decrease. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X tons) represented roughly 99% of total exports in 2022.

South Africa was also the fastest-growing in terms of the frozen whole turkeys exports, with a CAGR of -11.0% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest frozen whole turkey supplier in SADC.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to -10.0%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, stabilizing at the previous year. Export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen whole turkey export price decreased by -32.5% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the export price increased by 73%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +1.2% per year.

Frozen Whole Turkey Imports

Imports in SADC

In 2022, overseas purchases of frozen whole turkeys decreased by -6.8% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2018 when imports increased by 21%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen whole turkey imports surged to $X in 2022. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 39% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

South Africa represented the largest importing country with an import of around X tons, which accounted for 62% of total imports. Angola (X tons) ranks second in terms of the total imports with an 18% share, followed by Namibia (4.6%). The following importers - Democratic Republic of the Congo (X tons), Mozambique (X tons), Seychelles (X tons) and Mauritius (X tons) - together made up 12% of total imports.

From 2012 to 2022, average annual rates of growth with regard to frozen whole turkey imports into South Africa stood at -6.1%. At the same time, Democratic Republic of the Congo (+15.2%), Seychelles (+9.6%), Mauritius (+2.1%) and Mozambique (+1.9%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of +15.2% from 2012-2022. By contrast, Namibia (-5.8%) and Angola (-13.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Democratic Republic of the Congo, Seychelles and Mozambique increased by +8.3, +2.8, +2.3 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported frozen whole turkeys in SADC, comprising 66% of total imports. The second position in the ranking was taken by Angola ($X), with a 14% share of total imports. It was followed by Seychelles, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at -7.3%. The remaining importing countries recorded the following average annual rates of imports growth: Angola (-14.3% per year) and Seychelles (+6.2% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, picking up by 31% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+2.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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