Analyzing the soybean oil export volume in South Africa, the data reflects a substantial decline over the past decade. Standing at 42.0 Thousand Metric Tons in 2023, the export volume has experienced significant year-on-year and compound annual contractions. The year-on-year variation for 2023 was -6.67%, with an average downward trend of 5.59% CAGR over the last five years. Historical data highlights sharp declines particularly in 2016 and 2017, with marginal recoveries thereafter but maintaining an overall downward trajectory.
Looking ahead, the forecast data suggests a continued decrease in export volumes through 2028, with a projected 5-year CAGR of -6.18% and an estimated total reduction of 27.3%. Watch for shifts in global market demand, South African agricultural policy changes, and trade agreements that may impact this trend in soybean oil exports.
