SADC: Canned Meat Market 2024

Canned Meat Market Size in SADC

The SADC canned meat market rose slightly to $X in 2023, growing by X% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Canned Meat Production in SADC

In value terms, canned meat production rose to $X in 2023 estimated in export price. The total production indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Canned Meat Exports

Exports in SADC

In 2023, overseas shipments of canned meat decreased by X% to X tons, falling for the seventh consecutive year after two years of growth. Overall, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, canned meat exports dropped to $X in 2023. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of canned meat, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the canned meat exports, with a CAGR of X% from 2012 to 2023. While the share of South Africa (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest canned meat supplier in SADC.

From 2012 to 2023, the average annual growth rate of value in South Africa amounted to X%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, reducing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then contracted slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2023, the rate of growth in terms of prices for South Africa amounted to X% per year.

Canned Meat Imports

Imports in SADC

In 2023, purchases abroad of canned meat decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, imports showed a mild curtailment. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, canned meat imports shrank to $X in 2023. In general, imports recorded a noticeable slump. The pace of growth was the most pronounced in 2022 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Angola (X tons), distantly followed by Mauritius (X tons), Namibia (X tons), South Africa (X tons), Democratic Republic of the Congo (X tons), Lesotho (X tons), Swaziland (X tons), Botswana (X tons) and Mozambique (X tons) represented the major importers of canned meat, together comprising X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lesotho (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mauritius ($X), Angola ($X) and Namibia ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. South Africa, Botswana, Lesotho, Mozambique, Swaziland and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X%.

Mozambique, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, recorded a slight decline. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mozambique (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform