South Africa: Preserved Turkey Market 2024

Preserved Turkey Market Size in South Africa

In 2021, after three years of growth, there was decline in the South African preserved turkey market, when its value decreased by -3.8% to $X. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Turkey Production in South Africa

In value terms, preserved turkey production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 30%. Over the period under review, production attained the peak level at $X in 2020, and then contracted in the following year.

Preserved Turkey Exports

Exports from South Africa

In 2021, overseas shipments of prepared or preserved meat or offal of turkeys were finally on the rise to reach X tons after five years of decline. In general, exports, however, faced a precipitous slump. The most prominent rate of growth was recorded in 2015 with an increase of 36% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, preserved turkey exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a significant decline. The pace of growth appeared the most rapid in 2014 when exports increased by 75% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X tons), Swaziland (X tons) and Lesotho (X kg) were the main destinations of preserved turkey exports from South Africa, together comprising 90% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Democratic Republic of the Congo (with a CAGR of -5.0%), while the other leaders experienced a decline.

In value terms, Democratic Republic of the Congo ($X), Swaziland ($X) and Mozambique ($X) constituted the largest markets for preserved turkey exported from South Africa worldwide, together comprising 78% of total exports.

In terms of the main countries of destination, Democratic Republic of the Congo, with a CAGR of +6.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average preserved turkey export price stood at $X per ton in 2021, increasing by 11% against the previous year. In general, the export price saw a buoyant increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 63% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Turkey Imports

Imports into South Africa

For the third consecutive year, South Africa recorded growth in purchases abroad of prepared or preserved meat or offal of turkeys, which increased by 277,044% to X tons in 2021. Over the period under review, imports, however, recorded a sharp decrease. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved turkey imports surged to $X in 2021. In general, imports, however, faced a sharp curtailment. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) was the main preserved turkey supplier to South Africa, with a 93% share of total imports. Moreover, preserved turkey imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil amounted to -22.9%.

In value terms, Brazil ($X) constituted the largest supplier of prepared or preserved meat or offal of turkeys to South Africa, comprising 94% of total imports. The second position in the ranking was taken by the United States ($X), with a 5.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Brazil stood at -31.9%.

Import Prices by Country

In 2021, the average preserved turkey import price amounted to $X per ton, growing by 3.7% against the previous year. Overall, the import price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 11% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+23.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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