Forecast: Milk Production at Farm Gate in South Africa

In 2023, milk production at the farm gate in South Africa was recorded at 980 million Euros. For 2024, forecasted production is expected to rise to 999.55 million Euros, marking a 2.0% year-on-year increase. The upward trend is projected to continue with 1020 million Euros in 2025 (2.04% increase), 1030 million Euros in 2026 (0.98% increase), 1050 million Euros in 2027 (1.94% increase), and reaching 1060 million Euros by 2028 (0.95% increase).

Key points of trend analysis include:

  • A consistent year-on-year growth rate hovering around 2%.
  • The Compound Annual Growth Rate (CAGR) over these five years is approximately 1.6%.

Future trends to watch for:

  • Changes in dairy farming technologies and practices that could enhance productivity.
  • The impact of climate variability and environmental policies on milk production.
  • Market demand fluctuations both locally and internationally.
  • Potential government interventions or subsidies aimed at boosting agricultural output.

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