From 2013 to 2023, South Africa's refined sugar production has experienced fluctuations. The production peaked at 20.03 million metric tons in 2013, declining significantly to 14.86 million metric tons by 2015 before rebounding to 19.3 million metric tons in 2019. In 2023, it stood at 18.94 million metric tons. The year-on-year variations indicate a generally stable production trend with minor fluctuations over the last two years. The five-year CAGR leading up to 2023 showed an average annual growth rate of 0.32%.
Future trends to watch for include:
- Slight decline: Forecasts indicate minor reductions in production levels, with the five-year CAGR projected at -0.05% through to 2028.
- External factors: Monitoring global sugar prices, domestic demand, and agricultural policies will be crucial for tracking potential impacts on production levels.
