South Africa's corn consumption was at 6.20 million metric tons in 2023. The forecast for the years ahead shows a steady increase in corn consumption, growing from 6.27 million metric tons in 2024 to 6.45 million metric tons by 2028. This represents average year-on-year growth rates of 0.8% from 2024 to 2025; 0.63% from 2025 to 2026; 0.63% from 2026 to 2027; and 0.78% from 2027 to 2028. Analyzing the Compound Annual Growth Rate (CAGR) over this 5-year forecast period, we see an average annual growth rate of approximately 0.86%.
Future trends to watch for include potential policy changes impacting agriculture, shifts in domestic demand due to economic factors, and changes in export market dynamics. Technological advancements in agricultural practices could also influence future corn yield and consumption patterns. Moreover, climate change and its impact on crop production could play a significant role in future forecasts.
