SADC: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in SADC

The SADC market for frozen pig meat other than cuts or carcases dropped to $X in 2022, which is down by -6.4% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in SADC

In value terms, production of frozen pig meat other than cuts or carcases reduced modestly to $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +4.4% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 40% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

The country with the largest volume of production of frozen pig meat other than cuts or carcases was South Africa (X tons), comprising approx. 54% of total volume. Moreover, production of frozen pig meat other than cuts or carcases in South Africa exceeded the figures recorded by the second-largest producer, Malawi (X tons), threefold. The third position in this ranking was taken by Zimbabwe (X tons), with a 15% share.

In South Africa, production of frozen pig meat other than cuts or carcases expanded at an average annual rate of +5.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malawi (+6.1% per year) and Zimbabwe (+3.7% per year).

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports in SADC

In 2022, shipments abroad of frozen pig meat other than cuts or carcases decreased by -1.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by 56%. The volume of export peaked at X tons in 2021, and then reduced in the following year.

In value terms, exports of frozen pig meat other than cuts or carcases dropped to $X in 2022. Over the period under review, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 72% against the previous year. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

South Africa was the main exporting country with an export of about X tons, which recorded 87% of total exports. It was distantly followed by Namibia (X tons), committing a 12% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to frozen pig meat other than cuts or carcases exports from South Africa stood at +10.3%. At the same time, Namibia (+34.0%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +34.0% from 2012-2022. From 2012 to 2022, the share of Namibia increased by +10 percentage points.

In value terms, South Africa ($X) remains the largest frozen pig meat other than cuts or carcases supplier in SADC, comprising 90% of total exports. The second position in the ranking was held by Namibia ($X), with an 8.8% share of total exports.

In South Africa, exports of frozen pig meat other than cuts or carcases increased at an average annual rate of +7.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, reducing by -4.4% against the previous year. In general, the export price recorded a noticeable downturn. The pace of growth appeared the most rapid in 2021 when the export price increased by 26% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Namibia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (-0.6%).

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports in SADC

In 2022, imports of frozen pig meat other than cuts or carcases in SADC contracted to X tons, shrinking by -14.9% against the year before. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of frozen pig meat other than cuts or carcases contracted notably to $X in 2022. Overall, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 60%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of frozen pig meat other than cuts or carcases, namely Angola, Democratic Republic of the Congo and South Africa, represented more than two-thirds of total import. Namibia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Namibia (with a CAGR of +12.7%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest frozen pig meat other than cuts or carcases importing markets in SADC were South Africa ($X), Angola ($X) and Democratic Republic of the Congo ($X), together accounting for 87% of total imports.

In terms of the main importing countries, Democratic Republic of the Congo, with a CAGR of +10.6%, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, with a decrease of -6.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 12%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform