Forecast: Maize Feed in South Africa

The volume of maize feed in South Africa has shown fluctuations over the years. In 2023, the volume stood at 4.39 million metric tons, marking a 1.01% year-on-year decrease. Past trends include a notable increase in 2015 with a 9.5% rise, followed by a sharp decline of 9.35% in 2016. The period between 2018 and 2023 witnessed small but consistent declines, leading to a 5-year CAGR of 0.16% up to 2023.

Looking ahead, the forecasted data for 2024 through 2028 indicates a continued downward trend with an average annual decline (CAGR) of 0.89%, and a total forecasted decrease of 4.35% by 2028 relative to 2023.

Future trends to watch for:

  • Weather patterns and their impact on maize yield and supply.
  • Technological advancements in farming practices that could affect feed production.
  • Changes in domestic and international maize demand.
  • Policy changes impacting agriculture and trade.

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