The grapefruit market in South Africa has experienced significant fluctuations over the past decade. In 2023, the market volume stood at 46.0 thousand metric tons. Historical trends show marked variability, with a high of 114.0 thousand metric tons in 2015, followed by a sharp decline to 46.0 thousand metric tons in 2017. Despite some recovery in 2018, the overall trend has been downward. The past two years (2022 to 2023) saw a further decline of 8%. The Compound Annual Growth Rate (CAGR) over the last five years stands at -8.05%, reflecting a consistent downward trend.
The forecasted data from 2024 onwards suggests a continuation of this decline, anticipating a decrease to 26.86 thousand metric tons by 2028, with a forecasted five-year CAGR of -8.58% and an overall reduction of 36.14% from 2023 to 2028. Future trends to watch include potential impacts of climate change, evolving consumer preferences, and possible innovations in agricultural practices that could affect production volumes and market dynamics.
