Based on the provided data for food gross production in South Africa, we observe a steady increase in value from 2024 through 2028. The values as reported in Billion US Dollars PPP = 2004–2006 are as follows:
- 2024: 24.812
- 2025: 25.227
- 2026: 25.638
- 2027: 26.045
- 2028: 26.448
The data indicates a consistent upward trend in food gross production. Here's the year-on-year percentage variation observed:
- From 2024 to 2025: 1.67%
- From 2025 to 2026: 1.63%
- From 2026 to 2027: 1.59%
- From 2027 to 2028: 1.55%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.61% per year, indicating a stable growth trajectory.
In terms of future trends, it's crucial to monitor factors such as climate change impacts on agriculture, advancements in farming technology, and policy changes affecting food production. Additionally, shifts in global trade dynamics and local demand changes due to population growth and dietary trends will play significant roles in shaping the future of food gross production in South Africa.