The vegetable oils export volume in South Africa for 2023 stood at 210.0 thousand metric tons. The forecasted data from 2024 to 2028 shows a consistent year-on-year decline in export volume: -0.41% in 2025, -0.40% in 2026, -0.39% in 2027, and -0.39% in 2028. Over the last two years, the trend indicates a gradual decrease. The compound annual growth rate (CAGR) calculated over the five-year period from 2024 to 2028 averages approximately -0.40% annually, highlighting a persistent downward trajectory in export volumes.
Future trends to watch for:
• Trade policy shifts which could impact export capabilities.
• Variations in domestic production and global demand for vegetable oils.
• Potential climate change effects influencing crop yields.
• Technological advancements in agricultural practices and logistics.
