South Africa: Preserved Pork Market 2021

Preserved Pork Market Size in South Africa

In 2020, the South African preserved pork market decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. In general, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2019, and then fell in the following year.

Preserved Pork Production in South Africa

In value terms, preserved pork production fell to $X in 2020 estimated in export prices. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2019, and then declined in the following year.

Preserved Pork Exports

Exports from South Africa

In 2020, exports of pig meat salted (salted, in brine, dried or smoked) from South Africa fell significantly to X tons, waning by -X% compared with the year before. Over the period under review, exports recorded a slight decline. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tons in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

In value terms, preserved pork exports contracted significantly to $X in 2020. Overall, exports saw a pronounced reduction. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Lesotho (X tons), Mozambique (X tons) and Namibia (X tons) were the main destinations of preserved pork exports from South Africa, together accounting for X% of total exports. These countries were followed by Seychelles, Zambia, Malawi and Congo, which together accounted for a further X 2007 to 2020, the biggest increases were in Zambia, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved pork exported from South Africa were Mozambique ($X), Seychelles ($X) and Namibia ($X), together accounting for X% of total exports. Lesotho, Malawi, Zambia and Congo lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average preserved pork export price amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2009; however, from 2010 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Seychelles ($X per ton), while the average price for exports to Lesotho ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Namibia, while the prices for the other major destinations experienced a decline.

Preserved Pork Imports

Imports into South Africa

Preserved pork imports into South Africa contracted to X tons in 2020, waning by -X% compared with 2019. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, preserved pork imports contracted to $X in 2020. Over the period under review, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Italy (X tons) was the main supplier of preserved pork to South Africa, with a X% share of total imports. Moreover, preserved pork imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from Italy stood at -X%.

In value terms, Italy ($X) constituted the largest supplier of preserved pork to South Africa, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Italy totaled -X%.

Import Prices by Country

The average preserved pork import price stood at $X per ton in 2020, rising by X% against the previous year. In general, import price indicated a tangible increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved pork import price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure in 2020 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Spain ($X per ton), while the price for Italy totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain.

Source: IndexBox Platform

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