South Africa: Pork Market 2024

Pork Market Size in South Africa

The South African pork market shrank modestly to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Pork consumption peaked at $X in 2021, and then declined slightly in the following year.

Pork Production in South Africa

In value terms, pork production declined to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

In 2022, the average pork yield in South Africa fell modestly to X kg per head, which is down by X% 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 relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The pork yield peaked at X kg per head in 2021, and then reduced slightly in the following year.

In 2022, approx. X heads of animals slaughtered for pork production in South Africa; approximately equating the previous year's figure. This number 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 being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the number of producing animals increased by X%. The number of animals slaughtered for pork production peaked at X heads in 2021, and then fell slightly in the following year.

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Pork Exports

Exports from South Africa

After two years of growth, shipments abroad of pork decreased by X% to X tons in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, pork exports reduced sharply to $X in 2022. Over the period under review, total exports indicated a perceptible increase 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, exports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then dropped markedly in the following year.

Exports by Country

Mozambique (X tons) was the main destination for pork exports from South Africa, with a X% share of total exports. Moreover, pork exports to Mozambique exceeded the volume sent to the second major destination, Namibia (X tons), twofold. Lesotho (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mozambique amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Lesotho (X% per year).

In value terms, Mozambique ($X) emerged as the key foreign market for pork exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Namibia ($X), with a X% share of total exports. It was followed by Lesotho, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mozambique stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Lesotho (X% per year).

Export Prices by Country

The average pork export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Swaziland ($X per ton), while the average price for exports to Namibia ($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 Swaziland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Pork Imports

Imports into South Africa

In 2022, the amount of pork imported into South Africa contracted to X tons, declining by X% compared with 2021 figures. Over the period under review, imports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, pork imports shrank remarkably to $X in 2022. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons), the UK (X tons) and Spain (X tons) were the main suppliers of pork imports to South Africa, together accounting for X% of total imports.

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

In value terms, Brazil ($X) constituted the largest supplier of pork to South Africa, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with an X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the UK (X% per year).

Import Prices by Country

In 2022, the average pork import price amounted to $X per ton, waning by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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