From 2013 to 2015, the import of foliage except flowers for ornamental purposes to South Africa showed significant fluctuations. The value peaked in 2014 with an 82.22% increase, followed by a slight dip in 2015. The period from 2016 to 2023 showcased a downtrend, with imports dropping sharply in 2016. By 2023, the import value stood at $232.24 thousand USD, marking a 1.54% decrease year-on-year. The recent five-year period shows a negative CAGR of -1.42%, with projections indicating continued decline, reaching $213.29 thousand USD by 2028, aligned with a forecasted five-year CAGR of -1.35%.
Future trends to watch for:
- Shifts in global trade policies and potential tariff changes
- Impact of climate change on the availability of ornamental foliage
- Technological advancements in local cultivation reducing dependency on imports
