As of 2023, the beef and veal meat supply in South Africa stood at 955.0 thousand metric tons (Carcass Weight Equivalent). From 2024 to 2028, the forecasted values indicate a steady annual increase: 965.0 thousand metric tons in 2024, rising progressively each year to reach 999.0 thousand metric tons by 2028. This translates to an average year-on-year variation of approximately 1%.
The year-on-year percentage variations are as follows:- 2024 to 2025: +0.9%- 2025 to 2026: +0.8%- 2026 to 2027: +0.9%- 2027 to 2028: +0.8%Over the last five years, the Compound Annual Growth Rate (CAGR) is 0.9%.
Future trends to watch for include potential impacts of climate change on beef production, shifts in consumer preferences towards alternative proteins, and policy changes affecting livestock farming. Monitoring these factors will be crucial for anticipating fluctuations in the beef and veal meat supply in South Africa.
