In 2023, actual demand for oilseeds in South Africa stood at 2.75 million metric tons. The forecasted data from 2024 to 2028 shows a steady increase in demand, starting at 2.8 million metric tons in 2024 and rising to 2.93 million metric tons by 2028. The year-on-year growth rates indicate a consistent but moderate increase: 1.07% from 2024 to 2025, and similar variations for the following years. Over the last two years analyzed, the demand saw a 1.82% increase from 2023 to 2025. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.13%.
Future trends to watch for include advancements in agricultural technology, changes in trade policies, and shifts in consumer preferences towards oilseed products. Sustainability and climate change impacts are also crucial factors that may influence future demand.
