In 2023, the oilseeds seed market in South Africa stood at 59.0 thousand metric tons. From 2024 to 2028, the forecasted values show a steady increase: 62.0 in 2024, 65.0 in 2025, 67.0 in 2026, 70.0 in 2027, and 73.0 in 2028. This equates to a year-on-year growth rate of approximately 4.8% from 2023 to 2024, 4.8% from 2024 to 2025, 3.1% from 2025 to 2026, 4.5% from 2026 to 2027, and 4.3% from 2027 to 2028, with a CAGR of roughly 5.5% from 2023 to 2028.
Future trends to watch for include advancements in agricultural technology, climate change impacts, and shifts in global trade policies which may influence local production capacity and export potential for South Africa's oilseeds market.
