The onions market size in South Africa has shown a steady upward trend from 494.0 Thousand Metric Tons in 2014 to 590.0 Thousand Metric Tons in 2023. Year-on-year variations seen in recent years include a 0.85% growth from 2022 to 2023. Over a five-year period, the compound annual growth rate (CAGR) stood at 0.8%. Key fluctuations included significant growth in 2015 with a 12.35% year-on-year increase, a decline in 2016 by 4.5%, followed by subsequent recoveries and moderate growth rates in the following years.
Forecasted values up to 2028 indicate a continuation of this gradual growth pattern, with an expected CAGR of 0.7% over the next five years, resulting in a total increase of 3.57% by 2028.
Future trends to watch include economic factors affecting agricultural productivity, climate-related impacts on crop yields, and market demand influenced by both domestic consumption and export potentials.
