Forecast: Maize Consumption at Farm Gate in South Africa

Maize consumption at the farm gate in South Africa showed a generally increasing trend from 2013 to 2023, with fluctuations primarily due to varying agricultural and economic conditions. In 2023, the consumption stood at 11.15 million metric tons. Notable year-on-year variations include a 7.12% increase from 2020 to 2021 following a significant drop in 2020. Over the last 5 years, the CAGR indicates an average annual growth rate of 0.88%.

Future trends to watch for: Enhanced agricultural technologies, climate change impact, and economic conditions will notably influence maize consumption patterns. Additionally, monitoring demand shifts in global and local markets will be crucial.

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