The consumption of oilseeds feed in South Africa fluctuated significantly from 2014 to 2023. The highest consumption occurred in 2017 at 157,000 metric tons, followed by a sharp decrease in 2018 to 74,000 metric tons. The years leading to 2024 have shown a steady decline, with a year-on-year decrease of 3.53% in 2023 and a CAGR of -3.24% forecasted for the next five years till 2028.
Future trends to watch for:
-Increasing volatility in oilseeds prices could affect feed consumption.
-Changes in agricultural policies and climate conditions may impact production and supply.
-Adoption of alternative feeds or innovations in feed efficiency could alter demand trajectories.
