In 2023, South Africa's palm oil supply stood at 550.0 Thousand Metric Tons. The forecast for 2024 shows an increase to 565.0 Thousand Metric Tons, marking a 2.73% year-on-year rise. This upward trend continues annually, with the supply projected to reach 612.0 Thousand Metric Tons by 2028. The Year-on-Year (YoY) variations from 2024 to 2028 indicate modest increases, suggesting steady growth in the supply. The Compound Annual Growth Rate (CAGR) over this period is approximately 2.17%, indicating consistent annual growth in the palm oil supply.

Future trends to watch for:

Changes in global palm oil demand which could impact South Africa's import levels.
Fluctuations in global prices driven by geopolitical events and environmental policies.
Advancements in agricultural practices increasing efficiency and potentially raising domestic production.
Government policies regarding sustainable sourcing of palm oil which might affect supply chains.