SADC: Fresh Pork Carcase Market 2024

Fresh Pork Carcase Market Size in SADC

The SADC fresh pork carcase market dropped modestly to $X in 2022, waning by -3.6% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Fresh Pork Carcase Production in SADC

In value terms, fresh pork carcase production reduced to $X in 2022 estimated in export price. In general, production saw a slight curtailment. The pace of growth was the most pronounced in 2018 with an increase of 31%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Tanzania (X tons), South Africa (X tons) and Mozambique (X tons), with a combined 74% share of total production. Madagascar, Zambia, Zimbabwe and Botswana lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Zambia (with a CAGR of +3.9%), while production for the other leaders experienced more modest paces of growth.

Fresh Pork Carcase Exports

Exports in SADC

In 2022, overseas shipments of fresh or chilled carcases of pig meat decreased by -9.9% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2014 with an increase of 58% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh pork carcase exports dropped rapidly to $X in 2022. Over the period under review, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 65% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from South Africa (X tons), together reaching 99% of total export.

South Africa was also the fastest-growing in terms of the fresh or chilled carcases of pig meat exports, with a CAGR of +10.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest fresh pork carcase supplier in SADC.

In South Africa, fresh pork carcase exports expanded at an average annual rate of +6.1% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, dropping by -6.9% against the previous year. Over the period under review, the export price recorded a perceptible downturn. The pace of growth was the most pronounced in 2019 when the export price increased by 26% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -4.0% per year.

Fresh Pork Carcase Imports

Imports in SADC

In 2022, approx. X tons of fresh or chilled carcases of pig meat were imported in SADC; falling by -14.7% compared with the previous year's figure. In general, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by 39% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, fresh pork carcase imports dropped rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate measured growth. The pace of growth appeared the most rapid in 2017 with an increase of 54% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Mozambique was the major importing country with an import of around X tons, which reached 63% of total imports. Namibia (X tons) ranks second in terms of the total imports with a 28% share, followed by Angola (5.4%). Lesotho (X tons) took a relatively small share of total imports.

Mozambique was also the fastest-growing in terms of the fresh or chilled carcases of pig meat imports, with a CAGR of +31.3% from 2012 to 2022. At the same time, Namibia (+6.9%) and Lesotho (+6.6%) displayed positive paces of growth. By contrast, Angola (-3.0%) illustrated a downward trend over the same period. While the share of Mozambique (+54 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Namibia (-4.2 p.p.) and Angola (-10.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mozambique ($X) constitutes the largest market for imported fresh or chilled carcases of pig meat in SADC, comprising 66% of total imports. The second position in the ranking was held by Namibia ($X), with a 25% share of total imports. It was followed by Angola, with a 4.6% share.

In Mozambique, fresh pork carcase imports expanded at an average annual rate of +28.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Namibia (+3.3% per year) and Angola (-7.1% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, declining by -13.1% against the previous year. Overall, the import price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 27%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Lesotho ($X per ton) and Mozambique ($X per ton), while Angola ($X per ton) and Namibia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lesotho (-2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform