South Africa: Preserved Beef Market 2024

Preserved Beef Market Size in South Africa

The South African preserved beef market fell to $X in 2022, waning by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Preserved Beef Production in South Africa

In value terms, preserved beef production shrank to $X in 2022 estimated in export price. Overall, the total production indicated modest growth 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Preserved beef production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Preserved Beef Exports

Exports from South Africa

In 2022, approx. X tons of beef and veal (salted, in brine, dried or smoked) were exported from South Africa; picking up by X% compared with the year before. Overall, exports enjoyed a modest expansion. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, preserved beef exports surged to $X in 2022. Over the period under review, exports saw moderate growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Qatar (X tons), Maldives (X tons) and Ghana (X tons) were the main destinations of preserved beef exports from South Africa, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Maldives (with a CAGR of X.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X), Maldives ($X) and Ghana ($X) constituted the largest markets for preserved beef exported from South Africa worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Maldives, with a CAGR of X.6%, 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

In 2022, the average preserved beef export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price, however, posted a moderate expansion. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (X%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Beef Imports

Imports into South Africa

Preserved beef imports into South Africa reduced to X tons in 2022, waning by X% against the year before. Over the period under review, imports saw a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, preserved beef imports contracted to $X in 2022. Overall, imports recorded a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Namibia (X tons) was the main supplier of preserved beef to South Africa, accounting for a X% share of total imports. Moreover, preserved beef imports from Namibia exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Namibia totaled X%.

In value terms, Namibia ($X) constituted the largest supplier of beef and veal (salted, in brine, dried or smoked) to South Africa, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Namibia stood at X%.

Import Prices by Country

The average preserved beef import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Namibia ($X per ton), while the price for Italy amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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