In 2023, South Africa's sunflowerseed meal import stood at 45 thousand metric tons. For the forecast period from 2024 to 2028, the import figures are expected to show a stable trend with a modest increase projected each subsequent year. Specifically, the values forecasted are 46 thousand metric tons for both 2024 and 2025, 47 thousand metric tons for 2026 and 2027, and 48 thousand metric tons for 2028.
Year-on-year variations:
- 2024 vs. 2023: 2.2% increase
- 2025 vs. 2024: 0% change
- 2026 vs. 2025: 2.2% increase
- 2027 vs. 2026: 0% change
- 2028 vs. 2027: 2.1% increase
Compound Annual Growth Rate (CAGR): Over the five-year period from 2023 to 2028, the average annual growth rate (CAGR) is approximately 1.3%.
Future trends to watch for:
- Fluctuations in global sunflowerseed supply could impact price and import quantities.
- Changes in local agricultural policies might influence domestic production and consequently import needs.
- Technological advancements in feed efficiency could alter the demand dynamics for sunflowerseed meal.
