The forecast for corn domestic consumption in South Africa shows a steady upward trend from 2024 to 2028, starting at 13.52 million metric tons in 2024 and reaching 13.96 million metric tons by 2028. Compared to the actual consumption in 2023, there is a noticeable year-on-year growth, with an approximate annual increase of 0.8% over the five-year period. The Compound Annual Growth Rate (CAGR) for this timeframe highlights an average yearly increase of around 0.8%.
Future trends to watch for include:
- Potential impacts of climate change on corn yields and supply.
- Changes in domestic agricultural policies and subsidies.
- Shifts in consumer demand due to economic factors or dietary trends.
- Global trade dynamics and their effects on import/export balance.
