Forecast: Millet Market Size Volume in South Africa

The South African millet market experienced stability between 2014 and 2015, each holding a consistent volume of 4.0 thousand metric tons. A spike to 5.0 thousand metric tons occurred in 2016, maintaining this level through 2017 before dropping back to 4.0 in 2018 and 2019. A slight decrease to 3.8 thousand metric tons was seen in 2020. The volume stabilized at 4.0 thousand metric tons from 2021 to 2023.

Future forecasts suggest a slightly declining trend, with projected volumes dropping to 3.9 thousand metric tons from 2026 onwards. The anticipated average annual variation (CAGR) over the next five years is -0.51%, leading to a total shrinkage of 2.5% by 2028.

Future Trends to Watch:

• Technological advancements in millet farming
• The impact of climate change on crop yield
• Potential shifts in consumer preferences
• Policy changes impacting agricultural imports and exports