Africa: Preserved Swine Meat Market 2024

Preserved Swine Meat Market Size in Africa

The African preserved swine meat market stood at $X in 2023, flattening at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Preserved Swine Meat Production in Africa

In value terms, preserved swine meat production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Preserved Swine Meat Exports

Exports in Africa

Preserved swine meat exports soared to X tons in 2023, growing by X% compared with 2022. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, preserved swine meat exports soared to $X in 2023. Overall, exports, however, showed a pronounced decline. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, recording X tons, which was approx. X% of total exports in 2023. The following exporters - Equatorial Guinea (X tons) and Namibia (X tons) - each recorded a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to preserved swine meat exports from South Africa stood at X%. At the same time, Equatorial Guinea (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Equatorial Guinea emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. While the share of Equatorial Guinea (X p.p.) and Namibia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics.

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

From 2012 to 2023, the average annual growth rate of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Namibia (X% per year) and Equatorial Guinea (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, almost unchanged from the previous year. Export price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, preserved swine meat export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then shrank slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while Equatorial Guinea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the export price figures.

Preserved Swine Meat Imports

Imports in Africa

Preserved swine meat imports surged to X tons in 2023, rising by X% against 2022 figures. In general, imports, however, recorded a noticeable shrinkage. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, preserved swine meat imports skyrocketed to $X in 2023. Over the period under review, imports, however, recorded a pronounced slump. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Lesotho (X tons), followed by Angola (X tons), Namibia (X tons), Mozambique (X tons), South Africa (X tons), Cabo Verde (X tons), Gabon (X tons) and Mauritius (X tons) were the major importers of prepared or preserved hams and cuts of swine meat, together achieving X% of total imports. Morocco (X tons), Ghana (X tons), Swaziland (X tons), Cameroon (X tons) and Democratic Republic of the Congo (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Mozambique (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), South Africa ($X) and Mauritius ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Lesotho, Angola, Mozambique, Namibia, Gabon, Cabo Verde, Democratic Republic of the Congo, Swaziland, Cameroon and Ghana lagged somewhat behind, together accounting for a further X%.

Mozambique, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, almost unchanged from the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform