In 2023, South Africa’s pigmeat production stood at 307.9 Thousand Metric Tons. From 2013 to 2013, the data indicates a consistent upward trend with intermittent fluctuations. Particularly notable are the considerable increases in 2018 and 2020, with year-on-year variations of 12.17% and 8.83%, respectively. The Compound Annual Growth Rate (CAGR) over the last five years was approximately 3.44%. Looking toward the future, pigmeat production is forecasted to rise, reaching 338.3 Thousand Metric Tons by 2028, albeit at a slower CAGR of 1.5%. This forecasted growth suggests a stabilization in production levels.
Future trends to watch for include potential impacts from economic policies, shifts in consumer preferences towards alternative protein sources, and advancements in farming technologies that may drive efficiency and production levels. Additionally, environmental and sustainability concerns could play a critical role in shaping the industry's landscape. Monitoring these factors will be essential for stakeholders to make informed decisions.
