South Africa's pork production at farm gate, expressed in millions of euros, has shown fluctuations over the years from 2013 to 2023. There was a notable decline in 2013, followed by a gradual increase peaking in 2017. Since then, the market has experienced some volatilities, with minor decreases in certain years but generally trending upwards. The year 2023 recorded a pork production value of 426.14 million euros, representing a 2.35% year-on-year increase. The compound annual growth rate (CAGR) over the last five years reached approximately 1.18%.
Future trends to watch for include:
- Continued steady growth in pork production, with forecasted annual increases leading to a value of 474.34 million euros by 2028. - A predicted five-year CAGR of 1.71%, indicating a moderate pace of growth. - Potential market disruptions from global trade dynamics, disease outbreaks, and regulatory changes, which could impact both supply and pricing.
