South African Chicken Product Import Quantity by Origin
Brazil Australia
EU Thailand
USA Chile
Argentina Other
Canada
600
500
400
300
200
100
0
Source: Trademap, 2022
Higher red meat prices are likely to also support prices for chicken as strained consumers will move to affordable meat protein products going into 2023. This could, to some extent, be offset by Looking Ahead
increased /cheaper imports for the next year. Towards the outer
years in the outlook, prices are likely to be supported by improved economic conditions and rising red meat prices. Lower grain prices could, in turn, induce increased production although the ability of the industry to respond to lower input costs would largely be determined by the effect of imports on short-term margins and how this affects production and expansion over the medium term.
30
Made with FlippingBook interactive PDF creator