In 2023, cow milk butter production in South Africa stood at 13.17 thousand metric tons. The forecasted data indicates a gradual decline in production from 2024 through 2028. Specifically, production is expected to decrease from 13.04 thousand metric tons in 2024 to 12.52 thousand metric tons by 2028.
Year-on-year variation percentages highlight the following trends:
- 2024 vs. 2023: -0.99%
- 2025 vs. 2024: -1.00%
- 2026 vs. 2025: -1.01%
- 2027 vs. 2026: -1.02%
- 2028 vs. 2027: -1.03%
The compound annual growth rate (CAGR) over the last five years indicates an average annual decrease of -1.01% in cow milk butter production.
Future trends to watch for include factors influencing dairy production such as climate change, shifts in consumer preferences towards plant-based alternatives, and economic conditions affecting both production costs and market demand. Monitoring technological advancements in dairy farming and potential government policies impacting the dairy sector will be crucial.
