South Africa's beef meat production has shown variegated trends from 2013 to 2023. In 2023, actual production stood at 1,085.6 thousand metric tons. The period saw fluctuations, with notable peaks in 2015 (7.21%) and troughs in 2017 (-6.94%). Short-term variations in recent years include a 1.21% increase from 2021 to 2022 and a 1.17% rise from 2022 to 2023. Looking at the compounded annual growth rate (CAGR) over five-year increments, the data reveals a modest upward trend, with the forecasted CAGR moving slightly down to 0.93% for 2024-2028.
Future trends to watch for include:
- Potential impacts of climate change on beef production.
- Shifts in consumer preferences towards plant-based proteins.
- Advancements in livestock farming and technology.
- Economic factors such as trade policies and market demand fluctuations.
