South Africa: Preserved Swine Meat Market 2024

Preserved Swine Meat Market Size in South Africa

The South African preserved swine meat market reduced to $X in 2021, shrinking by -12% against the previous year. The market value increased at an average annual rate of +4.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then declined in the following year.

Preserved Swine Meat Production in South Africa

In value terms, preserved swine meat production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 36% against the previous year. As a result, production reached the peak level of $X, and then fell in the following year.

Preserved Swine Meat Exports

Exports from South Africa

In 2021, approx. X tons of prepared or preserved hams and cuts of swine meat were exported from South Africa; surging by 3.2% on 2020. Over the period under review, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2019 with an increase of 34% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, preserved swine meat exports soared to $X in 2021. In general, exports, however, faced a abrupt downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Namibia (X tons) was the main destination for preserved swine meat exports from South Africa, with a 49% share of total exports. Moreover, preserved swine meat exports to Namibia exceeded the volume sent to the second major destination, Lesotho (X tons), fourfold. The third position in this ranking was held by Swaziland (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Namibia totaled -8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lesotho (-22.6% per year) and Swaziland (-26.1% per year).

In value terms, Namibia ($X) remains the key foreign market for prepared or preserved hams and cuts of swine meat exports from South Africa, comprising 50% of total exports. The second position in the ranking was taken by Mozambique ($X), with an 11% share of total exports. It was followed by Democratic Republic of the Congo, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Namibia stood at -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+4.6% per year) and Democratic Republic of the Congo (+27.8% per year).

Export Prices by Country

In 2021, the average preserved swine meat export price amounted to $X per ton, picking up by 24% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved swine meat export price increased by +71.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 39%. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Malawi ($X per ton), while the average price for exports to Botswana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Swine Meat Imports

Imports into South Africa

After three years of decline, supplies from abroad of prepared or preserved hams and cuts of swine meat increased by 4.3% to X tons in 2021. Over the period under review, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 58% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, preserved swine meat imports surged to $X in 2021. In general, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of 29%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons) and Denmark (X tons) were the main suppliers of preserved swine meat imports to South Africa.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of -3.2%).

In value terms, the largest preserved swine meat suppliers to South Africa were Italy ($X) and Denmark ($X).

In terms of the main suppliers, Italy, with a CAGR of -7.7%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average preserved swine meat import price stood at $X per ton in 2021, jumping by 24% against the previous year. In general, the import price, however, showed a mild decline. The growth pace was the most rapid in 2018 an increase of 37%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Denmark totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+0.6%).

Source: IndexBox Platform

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