The forecasted import value of milled rice to South Africa shows a steady increase from 2024 to 2028, with values rising from 498.14 million USD in 2024 to 523.07 million USD in 2028. In 2023, the import value stood at 492.1 million USD. The year-on-year percentage increase is consistent, reflecting a stable annual growth trend. Specifically, the increase from 2023 to 2024 is approximately 1.23%, and the trend continues with similar percentage increases annually up to 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is around 1.22% per annum.
Future trends to watch for include potential impacts of global rice production fluctuations, exchange rate variations, and changes in South Africa's domestic rice consumption patterns and policies. Monitoring these factors will be crucial for understanding future import dynamics.