South Africa's wheat production saw fluctuations over the past decade, with actual values trended from 1.78 million metric tons in 2014 to 1.86 million metric tons in 2023. Years such as 2015 and 2017 experienced significant declines, with drops of 17.34% and 19.48%, respectively, while 2016 and 2018 saw notable increases of 32.11% and 21.25%. The recent two-year period until 2023 showed a modest 0.38% year-on-year growth, and the long-term CAGR over the last five years was -0.47%. Despite the slight decrease in the average annual growth over the past five years, forecasts suggest a slight positive trend with expected values reaching 1.89 million metric tons by 2028, indicating a 0.3% forecasted CAGR.
Future Trends to Watch For:
- Weather patterns and climate change impacts on crop yields.
- Technological advancements in agricultural practices.
- Changes in domestic and global demand for wheat.
- Government policies and support for the agriculture sector.
