The sunflowerseed oil production in South Africa showed significant fluctuations from 2014 to 2023. In 2014, production peaked at 400.0 thousand metric tons but dropped sharply by 38.5% in 2015. After reaching this low, the production exhibited some volatility, with notable increases in 2017 (23.83%) and declines in other years, such as a -7.38% drop in 2020 and a steady decrease observed during 2021 to 2023. As of 2023, the production value stood at 252.0 thousand metric tons, reflecting a -2.7% year-on-year decline and a -3.23% CAGR over the last five years.
Future Trends to Watch For:
- Forecasts indicate a continued decline in production, with an annual average contraction rate (CAGR) of -2.39% projected over the next five years.
- By 2028, production is expected to reduce further, leading to a forecasted total decrease of -11.38% from 2023 levels.
