Over the past decade, cottonseed oil production in South Africa has seen significant fluctuations. The highest level was observed in 2013 with 10.9 thousand metric tons, followed by a marked decrease in 2014. Thereafter, production levels showed a mixed trend with notable increases in 2015 and 2018 but faced consistent declines post-2019. As of 2023, production stood at 7.21 thousand metric tons, marking a slight decline from the previous two years.
From 2013 to 2023, the compound annual growth rate (CAGR) indicates periods of both mild recovery and further decline. Given the forecast data, the annual decline is expected to continue with a forecasted CAGR of -2.31% from 2024 to 2028, ultimately reducing production by approximately 11.04% by 2028.
Future trends to watch for include:
• Environmental policies and their impact on agriculture.
• Shifts in global demand for alternative vegetable oils.
• Technological advancements in farming practices to enhance yields.
