SADC: Processed Meat Market 2024

Processed Meat Market Size in SADC

The SADC processed meat market stood at $X in 2022, flattening at the previous year. The total consumption 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, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Processed Meat Production in SADC

In value terms, processed meat production reached $X in 2022 estimated in export price. The total production indicated a moderate expansion 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Processed Meat Exports

Exports in SADC

In 2022, exports of processed meat in SADC dropped to X tons, waning by X% compared with the previous year. Over the period under review, exports showed a slight setback. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, processed meat exports declined to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. Zambia (X tons) and Namibia (X tons) took a little share of total exports.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of processed meat. 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%) 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 saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Namibia (X% per year) and Zambia (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while Zambia ($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.

Processed Meat Imports

Imports in SADC

In 2022, purchases abroad of processed meat increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, processed meat imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Angola dominates imports structure, amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Lesotho (X tons), Mauritius (X tons), Democratic Republic of the Congo (X tons), Botswana (X tons) and Namibia (X tons), together making up a X% share of total imports. South Africa (X tons) held a little share of total imports.

Imports into Angola decreased at an average annual rate of X% from 2012 to 2022. At the same time, Lesotho (X%), Botswana (X%), Namibia (X%), Democratic Republic of the Congo (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Lesotho, Mauritius, Democratic Republic of the Congo, Botswana and Namibia increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Angola ($X) constitutes the largest market for imported processed meat in SADC, comprising X% of total imports. The second position in the ranking was held by Mauritius ($X), with a X% share of total imports. It was followed by Lesotho, with a X% share.

In Angola, processed meat imports plunged by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mauritius (X% per year) and Lesotho (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 Mauritius (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform