Between 2014 and 2023, South Africa's cottonseed oil production exhibited variability, with values fluctuating between 5.0 and 8.0 thousand metric tons. The production in 2023 stood at 7.0 thousand metric tons. The most significant year-on-year change occurred in 2018 with a 60% increase, whereas 2017 saw a substantial decline of 28.57%. Over the last two years, the year-on-year variation remained flat at 0%, indicating stabilization in production levels. The five-year CAGR ending in 2023 was -2.64%, suggesting a slight downward trend over recent years.
From 2024 onwards, forecasted data shows minimal growth, with annual production remaining almost steady at around 7.01 thousand metric tons until 2028. This implies a muted forecasted five-year CAGR of 0.01% and a forecasted five-year growth rate of 0.07%, revealing minimal expected expansion in production volume.
Future trends to watch for include potential impacts of climate change on agricultural outputs, advancements in farming technology, and shifts in domestic and global demand for cottonseed by-products, which could influence production levels and stability.
