Key Market Indicators
South African beef consumption is projected to reach almost one million metric tons by 2026. This would be a slight decrease from the current year 2021, when it totaled 973 thousand metric tons. This is an average annual decrease of 0.1% since 2017. Meanwhile, production of beef in South Africa is set to increase by 1% per year on average to 1.12 million metric tons by 2026. This is a slight decrease from its peak in 1966, when it was 0.6% lower than it is currently. South Africa is currently ranked 11th in the world for beef production, with 1.06 million metric tons in 2021. Germany ranks first, followed by Brazil, China, and Argentina.
