South Africa: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in South Africa

In 2023, the South African sheep and goat meat market decreased by X% to $X for the first time since 2017, thus ending a five-year rising trend. In general, the total consumption indicated a noticeable expansion from 2012 to 2023: its value 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, consumption increased by X% against 2017 indices. Sheep and goat meat consumption peaked at $X in 2022, and then fell slightly in the following year.

Production of Sheep And Goat Meat in South Africa

In value terms, sheep and goat meat production declined to $X in 2023 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2017 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2022, and then contracted in the following year.

In 2023, the average yield of sheep and goat meat in South Africa reduced to X kg per head, flattening at 2022 figures. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the average sheep and goat meat yield reached the peak level at X kg per head in 2019; however, from 2020 to 2023, the yield remained at a lower figure.

In 2023, approx. X heads of animals slaughtered for sheep and goat meat production in South Africa; growing by X% on 2022 figures. Over the period under review, the number of producing animals, however, recorded a mild slump. The pace of growth was the most pronounced in 2020 when the number of producing animals increased by X% against the previous year. Over the period under review, this number hit record highs at X heads in 2014; however, from 2015 to 2023, producing animals stood at a somewhat lower figure.

Exports of Sheep And Goat Meat

Exports from South Africa

In 2023, shipments abroad of sheep and goat meat decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Overall, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2022, and then reduced sharply in the following year.

In value terms, sheep and goat meat exports dropped notably to $X in 2023. In general, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then dropped rapidly in the following year.

Exports by Country

The United Arab Emirates (X tons), Qatar (X tons) and Kuwait (X tons) were the main destinations of sheep and goat meat exports from South Africa, together comprising X% of total exports.

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

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

From 2012 to 2023, the average annual growth rate of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (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 2023, dropping by X% against the previous year. Overall, the export price, however, recorded moderate growth. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2022, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Saint Helena, Ascension and Tristan da Cunha ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (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

In 2023, the amount of sheep and goat meat imported into South Africa surged to X tons, picking up by X% against 2022 figures. Over the period under review, imports, however, recorded a abrupt decrease. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, sheep and goat meat imports skyrocketed to $X in 2023. Overall, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, 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), twofold. New Zealand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Australia totaled 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 ($X), Namibia ($X) and New Zealand ($X) appeared to be the largest sheep and goat meat suppliers to South Africa, together accounting for X% of total imports. The UK lagged somewhat behind, accounting for a further X%.

The UK, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average sheep and goat meat import price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price recorded a deep slump. The pace of growth appeared the most rapid in 2017 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform