The demand for pork in South Africa has shown a mixed trend over the past decade. From a modest volume of 229.0 thousand metric tons in 2014, it rose by 6.11% in 2015, then experienced fluctuations before peaking at 275.0 thousand metric tons in 2018. The following year saw a slight decline, but the significant drop in 2020, driven by the pandemic, was followed by a strong recovery in 2021 and steady growth thereafter. As of 2023, demand stood at 279.0 thousand metric tons, with a year-on-year increase of 1.09% and a five-year CAGR of 0.29%.
Looking ahead, forecasted data suggests a continued upward trend, with an average annual growth rate (CAGR) of 0.86% projected over the next five years, reaching 294.7 thousand metric tons by 2028. This represents a total increase of 4.39% from 2023 to 2028, highlighting moderate but consistent growth in pork demand.
Future trends to watch for include potential changes in consumer preferences, evolving agricultural policies, and possible economic fluctuations that might impact disposable incomes and thereby meat consumption patterns. Additionally, any health-related issues or supply chain disturbances could play a critical role in shaping demand dynamics.
