In 2023, the distribution of soybean oil in South Africa stood at approximately 433.0 thousand metric tons. The forecasted data from 2024 to 2028 shows a steady increase in soybean oil distribution, starting at 438.0 thousand metric tons in 2024 and rising to 460.0 thousand metric tons by 2028.
The year-on-year variation is modest but consistent:
- 2024: 1.15%
- 2025: 1.14%
- 2026: 1.35%
- 2027: 1.34%
- 2028: 1.10%
Average annual growth rate (CAGR) over the next five years is estimated to be around 1.2%.
Future trends to watch for include potential impacts of climate change on soybean yields, shifts in consumer demand influenced by health trends, and economic policies affecting agricultural production and trade.
