The forecast for primary oilseed production in South Africa shows a steady increase from 2024 to 2028. The production in 2023 was at 638 thousand metric tons. From 2024 onwards, there is a consistent year-on-year growth in production. Specifically, the growth rates are as follows: 1.57% from 2023 to 2024, 1.60% from 2024 to 2025, 1.54% from 2025 to 2026, 1.49% from 2026 to 2027, and 1.44% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.53%.
Future trends to watch for include advancements in agricultural technology and practices, which may further boost production efficiency. Additionally, market dynamics such as global oilseed demand, climate change impacts, and policy changes will likely influence future production levels.
