In South Africa, the cottonseed processing industry has demonstrated fluctuations over the past decade. 2023 saw a value of 48.0 thousand metric tons, with a year-on-year increase of 2.13%. However, the compound annual growth rate (CAGR) over the last five years is -0.81%, indicating an overall decline. The sector showed resilience in 2018 with a significant year-on-year jump of 61.29%, but it was offset by a steep decline of 20.51% in 2017. From 2024 onwards, the forecasted data suggests stabilization with a steady 0.82% CAGR through to 2028, reaching 50.0 thousand metric tons. The five-year growth rate forecast anticipates a moderate increase of 4.17%.
Future trends to watch for:
- Technological advancements in processing efficiency and sustainability.
- Global market influences such as trade policies and cottonseed demand.
- Potential impact of climate change on cotton production.
- Shifts in local agricultural policies and support for the cotton industry.
