The import of prepared or preserved citrus fruits to South Africa has shown considerable fluctuations from 2013 to 2023, beginning with a substantial increase in 2014 and a dramatic decline in 2015. The subsequent years saw a more stable trend with minor fluctuations. By 2023, the value stood at $143.81 thousand, with a slight year-on-year decrease of 1% over previous years. The compound annual growth rate (CAGR) for the last five years is -2.75%, indicating a slight downward trend.
Forecasts from 2024 to 2028 suggest a continued but slow decline, with a forecasted 5-year CAGR of -0.86% leading to an overall decrease of 4.23% by 2028. This mild downward trend signals a need for proactive market strategies.
Future trends to watch for:
- Potential impacts of global citrus crop yields and price fluctuations.
- Changes in trade policies and tariffs affecting import costs.
- Consumer preference shifts towards fresh over preserved fruits.
- Technological advancements in food preservation impacting product demand.
