Africa: Beef Market 2020

Beef Market Size in Africa

The revenue of the beef market in Africa amounted to $X in 2017, approximately mirroring the previous year. The beef consumption continues to indicate a measured decline. The pace of growth was the most pronounced in 2010, when market value increased by X% against the previous year. Over the period under review, the beef market reached its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Beef Production in Africa

In 2017, approx. X tons of beef (cattle meat) were produced in Africa; jumping by X% against the previous year. The total output indicated a strong growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the beef production increased by +X% against 2010 indices. The pace of growth was the most pronounced in 2015, with an increase of X% against the previous year. Over the period under review, the beef production reached its maximum volume in 2017, and is expected to retain its growth in the immediate term. The general positive trend in terms of beef output was largely conditioned by a strong increase of the number of producing animals and a relatively flat trend pattern in yield figures.

The countries with the highest volumes of beef production in 2017 were Botswana (X tons) and Namibia (X tons), together accounting for X% of total production.

From 2007 to 2017, the most notable rate of growth in terms of beef production, amongst the main producing countries, was attained by Namibia (+X% per year).

Beef Exports in Africa

In 2017, exports of beef (cattle meat) in Africa totaled X tons, declining by -X% against the previous year. The beef exports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2009, with an increase of X% against the previous year. The volume of exports peaked of X tons in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

In value terms, beef exports stood at $X in 2017. The beef exports continue to indicate a relatively flat trend pattern. The level of exports peaked of $X in 2010; however, from 2011 to 2017, it failed to regain its momentum.

Beef Exports by Country in Africa

South Africa (X tons) and Botswana (X tons) represented the major exporters of beef (cattle meat) in 2017, finishing at near X% and X% of total exports, respectively. It was distantly followed by Namibia (X tons), making up X% share of total exports. The following exporters - Kenya (X tons) and Sudan (X tons) each resulted at a X% share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Kenya (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest beef markets worldwide were South Africa ($X), Botswana ($X) and Namibia ($X), with a combined X% share of total exports. Sudan and Kenya lagged somewhat behind, together comprising a further X%.

Among the main exporting countries , Kenya (+X% per year) recorded the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Beef Export Prices by Country in Africa

The beef export price in Africa stood at $X per ton in 2017, increasing by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008, when it surged by X% against the previous year. Over the period under review, the export prices for beef (cattle meat) reached its peak figure level of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Sudan ($X per ton) and Namibia ($X per ton), while Botswana ($X per ton) and South Africa ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Kenya (+X% per year), while the other leaders experienced more modest paces of growth.

Beef Imports in Africa

In 2017, the amount of beef (cattle meat) imported in Africa totaled X tons, approximately reflecting the previous year. The beef imports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2012, when imports increased by X% year-to-year. Over the period under review, the beef imports reached its maximum volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, beef imports totaled $X in 2017. The total imports indicated a pronounced increase from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the beef imports decreased by -X% against 2015 indices. Over the period under review, the beef imports attained its peak figure level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Beef Imports by Country in Africa

Egypt represented the major importing country with an import of about X tons, which accounted for X% of total imports. Angola (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Algeria (X%). The following importers - South Africa (X tons), Congo (X tons), Gabon (X tons) and Libya (X tons) together made up X% of total imports.

Imports into Egypt decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Congo (+X%) and Gabon (+X%) displayed positive paces of growth. Moreover, Congo emerged as the fastest growing importer in Africa, with a CAGR of +X% from 2007-2017. Libya experienced a relatively flat trend pattern. By contrast, Algeria (-X%), Angola (-X%) and South Africa (-X%) illustrated a downward trend over the same period. While the share of Angola (X%), Egypt (X%), Algeria (X%) and South Africa (X%) increased significantly in terms of the global imports from 2007-2017, the share of Congo (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) constitutes the largest market for imported beef (cattle meat) in Africa, making up X% of global imports. The second position in the ranking was occupied by Algeria ($X), with a X% share of global imports. It was followed by Angola, with a X% share.

In Egypt, beef imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Algeria (-X% per year) and Angola (-X% per year).

Beef Import Prices by Country in Africa

In 2017, the beef import price in Africa amounted to $X per ton, therefore, remained relatively stable against the previous year. The import price indicated a strong growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the beef import price decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2008, when it surged by X% against the previous year. Over the period under review, the import prices for beef (cattle meat) reached its peak figure level of $X per ton in 2015; however, from 2016 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Egypt ($X per ton), while Congo ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Egypt (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform