In 2023, the production of groundnuts at the farm gate in South Africa stood at 41.13 million US dollars. The forecasted data for the following years indicate a slight and consistent reduction: 41.12 million US dollars in 2024, 41.11 million US dollars in 2025, 41.1 million US dollars in 2026, and 41.09 million US dollars in both 2027 and 2028.
Year-on-year variations:
- 2024 vs 2023: -0.02%
- 2025 vs 2024: -0.02%
- 2026 vs 2025: -0.02%
- 2027 vs 2026: 0%
- 2028 vs 2027: 0%
Last 2 years CAGR: -0.02%
- Last 5 years CAGR: -0.02%
Future trends to watch for:
- Impact of climate variability on crop yield
- Changes in global demand for groundnuts
- Any shifts in agricultural policies or subsidies
- Emerging technologies improving farming efficiency
- Volatile input costs affecting farmers' profitability
