Forecasted oilseeds losses in South Africa for 2024 are 133.0 thousand metric tons, increasing to 134.0 thousand metric tons in 2025, 136.0 thousand metric tons in 2026, 137.0 thousand metric tons in 2027, and reaching 138.0 thousand metric tons in 2028. Compared to the actual data from 2023, this forecast represents a constant year-on-year growth of around 0.75% annually. The compound annual growth rate (CAGR) over the next five years is projected to be approximately 0.75%.
Future trends to watch for include:
- Climate change impacts and the variability in weather patterns
- Advancements in agricultural technology and pest management
- Changes in global and domestic demand for oilseeds
- Policy shifts related to agricultural subsidies and international trade agreements