As we stand in 2024, the actual wheat supply in South Africa for 2023 was 4.39 million metric tons. The forecasted data suggests a steady increase in supply with 4.43 million metric tons in 2024, climbing to 4.58 million metric tons by 2028. This indicates a consistent year-on-year growth, with an average variation of approximately 3% over the last two years and a Compound Annual Growth Rate (CAGR) close to 1% over the next five years.
Future trends to watch for include technological advancements in agricultural practices, potential impacts of climate change, shifts in domestic and international demand, and government policies affecting wheat production and imports.
