The grapes market in South Africa experienced significant fluctuations between 2014 and 2023. In 2023, the volume stood at 44.0 thousand metric tons, representing a year-on-year decrease of 8.33%. The market faced considerable challenges over the past decade, including a drastic reduction in 2018 followed by a series of inconsistent recovery attempts, with variation in CAGR showing mixed results annually.
The upcoming years indicate a further downward trend, with the forecast for 2028 seeing a volume drop to 22.24 thousand metric tons. This decline is marked by a 5-year forecasted CAGR of -10.82%, highlighting a predicted contraction of 43.6% from 2023 to 2028.
Future trends to watch for include potential impacts of climate change on grape cultivation, shifts in local and international demand, and advancements in agricultural technologies that could influence market dynamics.
