South Africa's primary fibre crops production is projected to show a declining trend from 2024 to 2028. The production volume decreases from 3.81 Thousand Metric Tons in 2024 to 3.53 Thousand Metric Tons in 2028. In 2023, the production stood at 3.88 Thousand Metric Tons. The year-on-year variation shows a decrease of 1.8% from 2023 to 2024, and this downward trend continues consistently each year.
- 2024: 3.81 (-1.8% from 2023)
- 2025: 3.74 (-1.8% from 2024)
- 2026: 3.67 (-1.9% from 2025)
- 2027: 3.6 (-1.9% from 2026)
- 2028: 3.53 (-1.9% from 2027)
Over the five-year period, the Compound Annual Growth Rate (CAGR) is approximately -1.9%. This indicates a persistent decline in fibre crop production yearly.
Future trends to watch for include potential impacts of climate change on crop yields, advancements in agricultural technology that could reverse the declining trend, and policies or market demands that might influence production levels. Monitoring these factors is vital for anticipating further changes in the production forecast.
