Forecast: Agricultural Raw Materials Exports in South Africa

In 2023, South Africa's agricultural raw materials exports stood at 1.94% of Goods Exports. Forecasts for 2024 through 2028 predict a slight decline and subsequent stabilization, with values fluctuating between 1.92% and 1.93%. Year-on-year variation for the period of 2024-2028 is negligible, showing less than 1% change. Over the last two years, the trend remains stable, with minimal variation. The CAGR for the 5-year period indicates an average annual decline of approximately 0.21%.

Future trends to watch for include fluctuations in global demand for agricultural raw materials, changes in trade policies, and advancements in agricultural technology which may affect production and export capabilities. Monitoring these factors will be crucial for adapting strategies to sustain or enhance export performance.