From 2013 to 2023, the production of skimmed dried milk in South Africa demonstrated fluctuations, with notable year-on-year variations. The peak was at 6.0 thousand metric tons in 2017, but the trend has generally been negative since then. By 2023, production had decreased to 5.22 thousand metric tons, representing a year-on-year decline of 1.88%. For the 5-year period leading up to 2023, the compound annual growth rate (CAGR) was -1.89%, indicating a gradual decrease in production.
Forecasts for 2024 to 2028 suggest continued decline. The year-on-year reduction is projected at approximately 2.15% between 2024 and 2028, with a forecasted CAGR of -1.68%, culminating in a production level of 4.69 thousand metric tons in 2028. Overall, production is expected to decrease by 8.13% over the next five years.
Future trends to watch for include:
- Potential impacts of global dairy demand shifts, which could either exacerbate or mitigate the downward trend.
- The influence of local agricultural policies and market conditions on production efficiency and output.
