South Africa: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in South Africa

The South African sheep and goat meat market amounted to $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Sheep And Goat Meat in South Africa

In value terms, sheep and goat meat production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of sheep and goat meat in South Africa reduced slightly to X kg per head in 2022, with a decrease of X% against 2021. In general, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the yield increased by X% against the previous year. Over the period under review, the average sheep and goat meat yield attained the peak level at X kg per head in 2019; however, from 2020 to 2022, the yield stood at a somewhat lower figure.

In 2022, number of animals slaughtered for sheep and goat meat production in South Africa totaled X heads, increasing by X% on the previous year. In general, the number of producing animals, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the number of producing animals increased by X% against the previous year. Over the period under review, this number attained the peak level at X heads in 2014; however, from 2015 to 2022, producing animals remained at a lower figure.

Exports of Sheep And Goat Meat

Exports from South Africa

In 2022, shipments abroad of sheep and goat meat increased by X% to X tons, rising for the third consecutive year after five years of decline. In general, exports showed a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, sheep and goat meat exports soared to $X in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Qatar (X tons) was the main destination for sheep and goat meat exports from South Africa, with a X% share of total exports. Moreover, sheep and goat meat exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. Kuwait (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Qatar amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Kuwait (X% per year).

In value terms, Qatar ($X) emerged as the key foreign market for sheep and goat meat exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Kuwait (X% per year).

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price 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, sheep and goat meat export price increased by X% against 2015 indices. The growth pace was the most rapid in 2019 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Botswana ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports into South Africa

Sheep and goat meat imports into South Africa dropped slightly to X tons in 2022, which is down by X% against the year before. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sheep and goat meat imports skyrocketed to $X in 2022. In general, imports recorded a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of sheep and goat meat to South Africa, accounting for a X% share of total imports. Moreover, sheep and goat meat imports from Australia exceeded the figures recorded by the second-largest supplier, Namibia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (X% per year) and New Zealand (X% per year).

In value terms, Australia ($X) constituted the largest supplier of sheep and goat meat to South Africa, comprising X% of total imports. The second position in the ranking was held by Namibia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Australia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (X% per year) and New Zealand (X% per year).

Import Prices by Country

The average sheep and goat meat import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, showed a perceptible downturn. The growth pace was the most rapid in 2017 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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