Africa: Bacon And Ham Market 2024

Bacon And Ham Market Size in Africa

The African bacon and ham market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, continues to indicate a noticeable decline. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Bacon And Ham Production in Africa

In value terms, bacon and ham production amounted to $X in 2022 estimated in export price. The total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Bacon And Ham Exports

Exports in Africa

In 2022, overseas shipments of bacon, ham and other dried, salted or smoked pig meat increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, bacon and ham exports fell to $X in 2022. In general, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa was the major exporter of bacon, ham and other dried, salted or smoked pig meat in Africa, with the volume of exports recording X tons, which was near X% of total exports in 2022. Kenya (X tons) took the second position in the ranking, distantly followed by Zimbabwe (X tons), Rwanda (X tons) and Sudan (X tons). All these countries together held near X% share of total exports. Ethiopia (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to bacon and ham exports from South Africa stood at X%. At the same time, Rwanda (X.5%), Sudan (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in Africa, with a CAGR of X.5% from 2012-2022. Ethiopia experienced a relatively flat trend pattern. By contrast, Kenya (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Rwanda (X p.p.), Zimbabwe (X p.p.) and Sudan (X p.p.) significantly strengthened its position in terms of the total exports, while Kenya saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Kenya ($X) and Zimbabwe ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Rwanda, Sudan and Ethiopia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Rwanda, with a CAGR of X.5%, 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 more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price saw a slight shrinkage. The growth pace was the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2021, and then dropped dramatically in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kenya ($X per ton), while Ethiopia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sudan (X%), while the other leaders experienced more modest paces of growth.

Bacon And Ham Imports

Imports in Africa

In 2022, overseas purchases of bacon, ham and other dried, salted or smoked pig meat increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a deep reduction. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, bacon and ham imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Angola (X tons) represented the major importer of bacon, ham and other dried, salted or smoked pig meat, creating X% of total imports. Ghana (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Cabo Verde (X%), Seychelles (X%) and Gabon (X%). Mozambique (X tons), South Africa (X tons), Uganda (X tons), Congo (X tons) and Namibia (X tons) held a little share of total imports.

Imports into Angola decreased at an average annual rate of X% from 2012 to 2022. At the same time, Cabo Verde (X%), Gabon (X%), Mozambique (X%), Seychelles (X%) and Congo (X%) displayed positive paces of growth. Moreover, Cabo Verde emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Namibia (X%), Uganda (X%), South Africa (X%) and Ghana (X%) illustrated a downward trend over the same period. While the share of Cabo Verde (X p.p.), Seychelles (X p.p.), Gabon (X p.p.), Mozambique (X p.p.) and Ghana (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Angola (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Angola ($X) constitutes the largest market for imported bacon, ham and other dried, salted or smoked pig meat in Africa, comprising X% of total imports. The second position in the ranking was held by Seychelles ($X), with a X% share of total imports. It was followed by Cabo Verde, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Angola amounted to X%. In the other countries, the average annual rates were as follows: Seychelles (X% per year) and Cabo Verde (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 an increase of X%. The level of import peaked at $X per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform