Over the past decade, cottonseed production in South Africa has experienced significant fluctuations. Notably, the production doubled in 2015, followed by a drastic drop in 2016. The subsequent years showed recovery with occasional dips, highlighted by a substantial increase in 2018. By 2023, production stood at 54 thousand metric tons, with modest year-on-year growth of 3.85% from 2022, marking a CAGR of 1.55% over the past five years. The forecast suggests continued growth, averaging a 3% CAGR through 2028, resulting in an anticipated 15.94% increase by then.
Future trends to watch for:
- Advancements in agricultural technology and practices.
- Changes in global cottonseed demand and price fluctuations.
- Impact of climate change and environmental policies on crop yields.
- Government policies and support for the agricultural sector.
