Forecast: Poultry Meat Demand in South Africa

In South Africa, poultry meat demand has shown a mixed pattern over the past decade, standing at 2.27 Million Metric Tons in 2023. From 2014 to 2023, variations in year-on-year demand fluctuate significantly, reflecting both upward and downward trends. Noteworthy points include the marked decline of 16.44% in 2020 and a significant rebound of 21.29% in 2021. Recent years show relatively stable growth, with a modest 0.66% increase in 2023. The 5-year CAGR stands at 0.38% indicating a slow but steady growth.

Looking forward, poultry meat demand is expected to continue its upward trajectory. Future forecasts predict an average growth rate of 0.52% per year from 2024 to 2028, totaling a 2.65% increase over this period. Trends to watch for include potential impacts from changes in consumer preferences, economic conditions, and agricultural policies.