Forecasted data for South Africa indicates a steady increase in coffee import volumes from 2024 to 2028, starting at 87.25 thousand metric tons in 2024 and reaching 92.04 thousand metric tons by 2028. The year-on-year growth shows a consistent rise of approximately 1-1.5% annually over the forecasted period. In 2023, the actual import volume stood significantly lower than 2024's forecast, reflecting a notable incremental trend.
Key observations:
- 2024: 1.4% increase compared to 2023
- 2025: 1.4% increase from 2024
- 2026: 1.4% increase from 2025
- 2027: 1.3% increase from 2026
- 2028: 1.3% increase from 2027
The CAGR over the five-year forecast period is approximately 1.36%, reflecting steady market growth.
Future trends to watch for include potential impacts of global supply chain disruptions, changes in trade policies, shifts in consumer preferences towards premium coffee segments, and technological advancements in coffee production and logistics. Monitoring these factors will be crucial for understanding and anticipating future market dynamics in South Africa’s coffee import sector.