The domestic food consumption of palm oil in South Africa is projected to increase steadily from 527.0 thousand metric tons in 2024 to 569.0 thousand metric tons in 2028. Compared to 2023, this represents a thoughtful growth trend considering the substitute food oils available.
Year-on-year variations indicate a growth of approximately 1.9% between 2024 and 2025, sustaining a similar pace annually. Over the past two years, the combined growth rate remained consistent, reflecting a stable upward trajectory. The Compound Annual Growth Rate (CAGR) over the next five years suggests an average yearly increase of around 1.9%.
Future trends to watch for include potential market volatility due to global supply chain issues, climate change impacts on palm oil production, and increasing consumer preference for healthier or more sustainable alternatives. Policy changes and import/export regulations could further influence local consumption patterns.
