SA could beef up its exports – AgBiz
11 Jan 2018 - by Staff reporter
South Africa has the potential to expand its beef exports, according to the Agricultural Business Chamber (AgBiz).
AgBiz head of Trade and Investment Intelligence, Sifiso Ntombela, pointed out that according to growth theory, as economies developed, their consumers’ protein intake tended to increase –substituting starch.
Additionally, he noted that consumption per capita was expected to grow by 8% in Brics countries over the next decade which would provide a larger market for South African beef producers or exporters.
“Looking into the future, South Africa’s beef exports are destined to countries that depict a relatively high economic growth and beef consumption,” said Ntombela.
Beef consumption per person in Mozambique – which receives 23% of SA beef exported into Africa – is expected to increase by 22% over the next ten years. Similarly beef consumption in Vietnam – which receives 20% of SA beef exports into Asia – is expected to increase by 25.4% in the next decade.