The domestic consumption of milled rice in South Africa is projected to increase steadily from 984.0 thousand metric tons in 2024 to 1,040.0 thousand metric tons by 2028. Compared to the actual consumption in 2023, which was 970.0 thousand metric tons, the consumption in 2024 represents a slight year-on-year increase of 1.4%. The growth trends continue with 1.3% in 2025, 1.3% in 2026, 1.0% in 2027, and an acceleration to 2.0% in 2028. Over the five-year forecasted period, the compound annual growth rate (CAGR) averages at approximately 1.4% annually.
Future trends to watch for:
- The impact of economic stability on consumer purchasing power and dietary shifts.
- Potential changes in agricultural policies impacting rice importation and domestic production.
- Technological advancements in agriculture and logistics improving supply chain efficiencies.