The production of cow milk butteroil and ghee in South Africa experienced a volatile decade. From a high of 1.25 thousand metric tons in 2013, it plunged to 0.556 in 2014, marking a drastic year-on-year decline of 55.52%. Modest gains followed, with production rising to 0.73258 thousand metric tons forecasted for 2028.
Year-on-year variations showed substantial fluctuations, ranging from a 15.5% increase in 2016 to a 4.31% decrease in 2020. The Compound Annual Growth Rate (CAGR) over the last five years averaged at 0.72%, indicating a stable but slow growth pattern in recent years.
By 2023, production stood at 0.708 thousand metric tons, growing at a rate of 0.71% year-on-year. Forecasts suggest a consistent yet minimal CAGR of 0.54% from 2023 to 2028, with total growth projected at 2.73% over this period.
Future Trends to Watch For:
- Technological advancements in dairy farming and production processes.
- Shifts in consumer preferences towards ghee and butteroil alternatives.
- Impact of global dairy market trends on South Africa's production levels.
- Regulatory changes and their implications on production and export opportunities.
