Forecast: Sheepmeat Production at Farm Gate in South Africa

South Africa's sheepmeat production at farm gate is forecasted to rise steadily from 2024 to 2028. Values increase from 838.17 million Euros in 2024 to 908.99 million Euros in 2028. For context, production in 2023 stood at 820.00 million Euros.

Year-on-year percentage variations:

  • 2024: +2.21%
  • 2025: +2.16%
  • 2026: +2.08%
  • 2027: +2.01%
  • 2028: +1.94%

The compound annual growth rate (CAGR) over the past five years is approximately 2.08%, reflecting steady growth in sheepmeat production within the country.

Future trends to watch for include potential impacts of climate change on grazing conditions, shifts in domestic and international demand for sheepmeat, and advancements in farming technologies that could further enhance productivity. Focus on these factors will be critical in understanding and predicting future market conditions.

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