The demand for coconuts and copra in South Africa saw a stable value of 6.0 thousand metric tons from 2014 to 2016, followed by a significant drop to 4.0 thousand metric tons in 2017. The market recovered to 6.0 thousand metric tons in 2018 but faced a decline again from 2020 onwards, stabilizing at 5.0 thousand metric tons in 2021, 2022, and 2023. For 2024, the demand is forecasted at 4.93 thousand metric tons, with a downward trend projected to continue, reaching 4.67 thousand metric tons by 2028. The year-on-year variation in 2022 and 2023 was 0%, while the CAGR over the last five years is -3.58%. The forecasted five-year CAGR is -1.08%, indicating a gradual decline.
Future trends to watch for include:
- Fluctuations in global coconut production impacting supply levels and prices.- Changes in consumer preferences towards coconut products.- Policy changes and market access within South Africa and its trading partners.- Technological advancements in coconut processing increasing demand for copra-based products.
