The yield of oil crops in South Africa has shown significant fluctuations over the past years. In 2023, it stood at 16.13 thousand hectograms per hectare. Recent years have seen modest year-on-year growth, with a 0.78% increase in yield in 2023. Over the past five years, the compound annual growth rate (CAGR) has averaged -1.14%, indicating slight overall declines despite recent recovery trends.
Looking ahead, forecasts suggest a steady increase in yields, with an anticipated annual growth rate of approximately 0.6%, leading to a projected yield of 16.73 thousand hectograms per hectare by 2028. Future trends to watch for include advancements in agricultural technology, climate change impacts, and economic factors influencing crop production and pricing.
- 2013: 0.43% YoY, -3.4% CAGR
- 2014: 20.62% YoY, 0.87% CAGR
- 2015: -13.7% YoY, -1.6% CAGR
- 2016: -8.78% YoY, -3.33% CAGR
- 2017: 41.08% YoY, 6.11% CAGR
- 2018: -3.26% YoY, 5.32% CAGR
- 2019: -12.6% YoY, -1.25% CAGR
- 2020: 0.21% YoY, 1.75% CAGR
- 2021: 6.13% YoY, 4.88% CAGR
- 2022: 0.8% YoY, -1.94% CAGR
- 2023: 0.78% YoY, -1.14% CAGR
- 2028 (forecast): 0.6% CAGR
- Forecast 5-year growth rate: 3.02%
