South Africa: Animal Feed Market 2024

Animal Feed Market Size in South Africa

The South African animal feed market was estimated at $X in 2022, increasing by 1.8% against the previous year. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 8.8%. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Animal Feed Production in South Africa

In value terms, animal feed production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a mild increase. The pace of growth appeared the most rapid in 2017 with an increase of 10% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Animal Feed Exports

Exports from South Africa

In 2022, overseas shipments of animal and pet feed increased by 1.3% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 51% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, animal feed exports rose significantly to $X in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Namibia (X tons), Botswana (X tons) and Lesotho (X tons) were the main destinations of animal feed exports from South Africa, together accounting for 70% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lesotho (with a CAGR of +21.9%), while the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), Zimbabwe ($X) and Zambia ($X) appeared to be the largest markets for animal feed exported from South Africa worldwide, with a combined 50% share of total exports. Botswana, Lesotho, Swaziland and Mozambique lagged somewhat behind, together comprising a further 33%.

Among the main countries of destination, Lesotho, with a CAGR of +16.5%, 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 animal feed export price amounted to $X per ton, with an increase of 5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 28%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Namibia ($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 (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Feed Imports

Imports into South Africa

In 2022, imports of animal and pet feed into South Africa shrank slightly to X tons, reducing by -1.5% against the previous year. Overall, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.7% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 22% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, animal feed imports expanded to $X in 2022. The total import value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 31%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Swaziland (X tons) constituted the largest animal feed supplier to South Africa, accounting for a 59% share of total imports. Moreover, animal feed imports from Swaziland exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was taken by the Netherlands (X tons), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from Swaziland stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.7% per year) and the Netherlands (+4.7% per year).

In value terms, Swaziland ($X), France ($X) and the United States ($X) constituted the largest animal feed suppliers to South Africa, together comprising 43% of total imports. The Netherlands, Germany, China, the UK, Malaysia, Austria, Italy, Belgium and Namibia lagged somewhat behind, together accounting for a further 45%.

In terms of the main suppliers, Austria, with a CAGR of +13.3%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average animal feed import price amounted to $X per ton, rising by 4.2% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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