The Swine Meat Supply in South Africa is projected to show a steady increase over the forecasted period from 351.0 Thousand Metric Tons (Carcass Weight Equivalent) in 2024 to 380.0 Thousand Metric Tons by 2028. This reflects a consistent year-on-year growth. Specifically, this represents a growth of approximately 2% to 3% annually, demonstrating a stable rising trend in the supply of swine meat. Compared to the actual supply in 2023, this forecast indicates a significant and sustained increase.
Key variations in percentage for year-on-year analysis:
- 2024 to 2025: ~2% increase
- 2025 to 2026: ~2.2% increase
- 2026 to 2027: ~1.9% increase
- 2027 to 2028: ~1.9% increase
For the last two years, the cumulative average growth rate (CAGR) stands at approximately 2.5% per annum, reflecting progressive growth over the entire period.
Future trends to watch for:
- Impact of global trade policies on swine meat imports and exports.
- Technological advancements in swine farming that may affect production efficiency.
- Shifts in consumer preferences and potential growth in alternative proteins.
- Changes in domestic agricultural policies and their impact on local production.
