SADC: Beef Market 2024

Beef Market Size in SADC

In 2022, the SADC beef market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X, and then declined slightly in the following year.

Beef Production in SADC

In value terms, beef production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were South Africa (X tons), Zimbabwe (X tons) and Tanzania (X tons), with a combined X% share of total production.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average beef yield dropped modestly to X kg per head in 2022, remaining relatively unchanged against the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of yield peaked at X kg per head in 2019; however, from 2020 to 2022, the yield failed to regain momentum.

The global number of animals slaughtered for beef production declined slightly to X heads in 2022, waning by X% against the previous year. Overall, the number of producing animals, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the number of producing animals increased by X% against the previous year. As a result, the number of producing animals attained the peak level of X heads, and then contracted modestly in the following year.

Beef Exports

Exports in SADC

In 2022, shipments abroad of beef (cattle meat) decreased by X% to X tons, falling for the seventh year in a row after four years of growth. Overall, exports continue to indicate a slight downturn. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, beef exports reduced modestly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa represented the major exporter of beef (cattle meat) in SADC, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. Namibia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Botswana (X%). Zambia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to beef exports from South Africa stood at X%. At the same time, Zambia (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Namibia (X%) and Botswana (X%) illustrated a downward trend over the same period. South Africa (X p.p.) and Zambia (X p.p.) significantly strengthened its position in terms of the total exports, while Namibia and Botswana saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest beef supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Namibia ($X), with a X% share of total exports. It was followed by Botswana, with a X% share.

In South Africa, beef exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Namibia (X% per year) and Botswana (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

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 South Africa ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Beef Imports

Imports in SADC

In 2022, approx. X tons of beef (cattle meat) were imported in SADC; reducing by X% against 2021 figures. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, beef imports reached $X in 2022. Over the period under review, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Angola (X tons), distantly followed by Mauritius (X tons), South Africa (X tons), Lesotho (X tons), Mozambique (X tons), Democratic Republic of the Congo (X tons) and Swaziland (X tons) were the main importers of beef (cattle meat), together achieving X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Democratic Republic of the Congo (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Angola ($X), Mauritius ($X) and Mozambique ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. South Africa, Lesotho, Swaziland and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Democratic Republic of the Congo, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, rising by X% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price 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, beef import price increased by X% against 2015 indices. The growth pace was the most rapid in 2016 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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