Demand for beef expected to grow

1 min read

The demand for meat products has grown rapidly during the past decade. The Bureau for Food and Agriculture Policy’s (BFAP) Coordinator: Industry Level Analysis Tracy Davids said this was due to growth in income and improved living standards.

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Beef accounted for 25% of SA meat consumption while chicken accounted for 60%.

Growth in beef consumption per capita was largely stagnant through the past decade. BFAP nevertheless projected an annual growth of 2,1%/annum in per capita beef consumption through the next decade, as consumer income increased to levels where red meat became more affordable to more people.

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Davids expected beef imports to account for between 6% and 7% of domestic use through the next decade, compared to an average of 8% in the past decade.

“Drought conditions in South Africa and neighbouring countries like Namibia resulted in lower prices in 2013 (average R29/kg for A2/A3 carcass), as the number of cattle slaughtered increased by more than 200 000 head, compared to 2012. In April 2014, prices have reached the R33/kg mark projected by BFAP in the 2013 baseline,” she said.

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