South Africa - Vegetables (Preserved And Frozen) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Preserved and Frozen Vegetable in South Africa - 2023
Contents:
- Price for Preserved and Frozen Vegetable in South Africa (CIF) - 2022
- Price for Preserved and Frozen Vegetable in South Africa (FOB) - 2023
- Imports of Preserved and Frozen Vegetable in South Africa
- Exports of Preserved and Frozen Vegetable in South Africa
Price for Preserved and Frozen Vegetable in South Africa (CIF) - 2022
In 2022, the average preserved and frozen vegetable import price amounted to $1,001 per ton, with an increase of 34% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($1,009 per ton) and Belgium ($999 per ton), while the price for Germany ($756 per ton) and the Netherlands ($821 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.9%), while the prices for the other major suppliers experienced a decline.
Price for Preserved and Frozen Vegetable in South Africa (FOB) - 2023
The average preserved and frozen vegetable export price stood at $843 per ton in September 2023, which is down by -44.5% against the previous month. Over the period under review, the export price saw a pronounced curtailment. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 21% m-o-m. The export price peaked at $1,621 per ton in June 2023; however, from July 2023 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Mozambique ($2,478 per ton), while the average price for exports to Botswana ($378 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Preserved and Frozen Vegetable in South Africa
In 2022, approx. 34K tons of vegetables (preserved, frozen) were imported into South Africa; waning by -3.2% on 2021 figures. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year. As a result, imports reached the peak of 35K tons, and then reduced modestly in the following year.
In value terms, preserved and frozen vegetable imports soared to $34M in 2022. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 75% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Preserved and Frozen Vegetable in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 14.1 | 9.1 | 17.0 | 24.6 | 20.4% |
| Netherlands | 1.1 | 1.0 | 4.2 | 3.3 | 44.2% |
| India | 1.6 | 1.3 | 1.6 | 2.4 | 14.5% |
| Germany | 1.1 | 2.1 | 2.2 | 1.1 | 0.0% |
| Others | 1.7 | 1.3 | 1.0 | 2.5 | 13.7% |
| Total | 19.5 | 14.8 | 26.0 | 33.8 | 20.1% |
Top Suppliers of Preserved and Frozen Vegetable to South Africa in 2022:
- Belgium (24.6K tons)
- Netherlands (4.0K tons)
- India (2.3K tons)
- Germany (1.4K tons)
Exports of Preserved and Frozen Vegetable in South Africa
In 2022, overseas shipments of vegetables (preserved, frozen) decreased by -8.9% to 12K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 14% against the previous year. As a result, the exports reached the peak of 13K tons, and then dropped in the following year.
In value terms, preserved and frozen vegetable exports fell to $15M in 2022. The total export value increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 24%. As a result, the exports reached the peak of $16M, and then dropped in the following year.
| Export of Preserved and Frozen Vegetable in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 3.6 | 1.7 | 2.7 | 6.3 | 20.5% |
| Namibia | 2.2 | 3.6 | 5.0 | 4.8 | 29.7% |
| Swaziland | 0.9 | 1.4 | 1.7 | 2.0 | 30.5% |
| Zambia | 3.8 | 3.2 | 4.1 | 0.5 | -49.1% |
| Mozambique | 0.5 | 0.8 | 0.4 | 0.4 | -7.2% |
| Democratic Republic of the Congo | 0.5 | 0.4 | 0.4 | 0.2 | -26.3% |
| Lesotho | 0.6 | 0.3 | 0.4 | 0.1 | -45.0% |
| Others | 0.8 | 1.7 | 1.6 | 0.8 | 0.0% |
| Total | 12.9 | 13.1 | 16.3 | 15.1 | 5.4% |
Top Export Markets for Preserved and Frozen Vegetable from South Africa in 2022:
- Botswana (4.8K tons)
- Namibia (3.7K tons)
- Swaziland (1.6K tons)
- Zambia (0.5K tons)
- Mozambique (0.3K tons)
- Democratic Republic of the Congo (0.2K tons)
- Lesotho (0.1K tons)
This report provides an in-depth analysis of the market for preserved and frozen vegetable 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 475 - Vegetables, Preserved (Frozen)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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