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South Africa - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

South Africa - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights

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Sep 22, 2023

South Africa's Turkey Meat Price Decreases by 2%, Averaging $1,901 per Ton

South Africa Turkey Meat Import Price in July 2023

In July 2023, the turkey meat price amounted to $1,901 per ton (CIF, South Africa), declining by -2% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 22% m-o-m. As a result, import price reached the peak level of $2,077 per ton. From May 2023 to July 2023, the average import prices remained at a 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.

South Africa Turkey Meat Import Prices By Country (USD Per Ton)
COUNTRYImport Price of Turkey Meat in South Africa (USD per ton)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
Brazil1,8201,8621,8411,8921,9111,9361,8321,8071,8572,1681,7111,9762,017
AustraliaN/AN/AN/AN/AN/AN/A1,6131,5551,6161,6641,6441,7141,600
Chile1,0571,6711,0981,0941,1472,9901,1375197761,792N/AN/A1,448
Average1,7151,8401,7901,8751,8932,0301,7971,7751,7052,0771,7081,9381,901

South Africa Turkey Meat Import Prices by Type

Average prices varied noticeably amongst the major supplied products. In July 2023, the product with the highest price was frozen turkey cuts ($1,903 per ton), while the price for frozen whole turkeys totaled $1,827 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by frozen turkey cut (+1.1%), while the prices for the other product experienced more modest paces of growth.

South Africa Turkey Meat Imports

Turkey meat imports into South Africa dropped remarkably to 736 tons in July 2023, falling by -35.5% against June 2023 figures. In general, imports saw a slight setback. The most prominent rate of growth was recorded in May 2023 with an increase of 33% month-to-month.

In value terms, turkey meat imports shrank significantly to $1.4M (IndexBox estimates) in July 2023. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 when imports increased by 27% against the previous month.

South Africa Turkey Meat Imports by Type

In July 2023, frozen turkey cuts (710 tons) was the main type of turkey meat supplied to South Africa, with a 97% share of total imports. Moreover, frozen turkey cuts exceeded the figures recorded for the second-largest type, frozen whole turkeys (26 tons), more than tenfold.

From July 2022 to July 2023, the average monthly rate of growth in terms of the volume of import of frozen turkey cuts amounted to -1.4%.

In value terms, frozen turkey cuts ($1.4M) constituted the largest type of turkey meat supplied to South Africa, comprising 97% of total imports. The second position in the ranking was taken by frozen whole turkeys ($47K), with a 3.3% share of total imports.

South Africa Turkey Meat Imports by Country

In July 2023, Brazil (557 tons) constituted the largest turkey meat supplier to South Africa, with a 76% share of total imports. Moreover, turkey meat imports from Brazil exceeded the figures recorded by the second-largest supplier, Australia (107 tons), fivefold.

From July 2022 to July 2023, the average monthly growth rate of volume from Brazil stood at -2.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: Australia (+3.0% per month) and Chile (-4.5% per month).

In value terms, Brazil ($1.1M) constituted the largest supplier of turkey meat to South Africa, comprising 80% of total imports. The second position in the ranking was taken by Australia ($170K), with a 12% share of total imports.

From July 2022 to July 2023, the average monthly rate of growth in terms of value from Brazil amounted to -1.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Australia (+2.8% per month) and Chile (-2.0% per month).

Source: IndexBox Market Intelligence Platform

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Producing Animals Slaughtered, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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