The sunflowerseed oil demand in South Africa is forecasted to grow from 365.1 thousand metric tons in 2024 to 373.93 thousand metric tons by 2028. The year-on-year growth rates are as follows:
- 2024 to 2025: 0.62%
- 2025 to 2026: 0.60%
- 2026 to 2027: 0.60%
- 2027 to 2028: 0.58%
Over the last two years, the demand has consistently shown marginal increases. Considering the CAGR over the next five years (2024-2028), sunflowerseed oil demand in South Africa is seen to rise by an average of approximately 0.60% annually.
Future trends to watch for include potential disruptions in agricultural yields due to climate change, policy shifts affecting agricultural subsidies, and changes in consumer preferences towards healthier oils or alternatives. Monitoring these factors can provide better insights and may influence future demand projections.
