Key Market Indicators
South African Sunflower Oil consumption is projected to reach 322,000 metric tons by 2026, up from 313,000 metric tons in 2021. This is an average annual growth rate of 0.5%. Since 2017, demand for the oil has grown at a rate of 0.3% each year. In 2021, South Africa ranked 7th in terms of consumption, with Germany coming in ahead at 313,000 metric tons. Russia, Spain and Argentina placed second, third and fourth respectively. In terms of production, South Africa is expected to reach 316,000 metric tons by 2026, a 0.9% growth rate from 300,000 metric tons in 2021. Since 1966, supply has risen 5% annually. In 2021, South Africa ranked 10th, with Spain leading the production at 300,000 metric tons. Russia, Argentina and Hungary placed second, third and fourth respectively.