South Africa Grain Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 8.37 Billion |
| Market Size (2029) | USD 11.74 Billion |
| CAGR (2024 - 2029) | 7.00 % |
South Africa Grain Market Analysis
The South Africa Grain Market size is estimated at USD 8.37 billion in 2024, and is expected to reach USD 11.74 billion by 2029, growing at a CAGR of 7% during the forecast period (2024-2029).
The production of grains in South Africa was not affected severely by the onset of the COVID-19 pandemic owing to the listing of grains under essential commodities. The trade movements were impacted shortly due to the restrictions, which were restored shortly. Grains contribute significantly to the agricultural sector in South Africa.
Among the grains, maize is the most prominent field crop in the country. The production of maize has increased from 16,820,000 tons in 2017 to 15,300,000 tons in 2020. The change in consumer behavior towards domestically grown foods coupled with the increased demand for food security has improved the demand for grains in the country. The growth in regional trade, technology, and mechanization advancement in this sector are some of the factors driving the market's growth in the country. Affirmative government policies along with trade policies have impacted the grains market in South Africa.
South Africa Grain Market Trends
This section covers the major market trends shaping the South Africa Grain Market according to our research experts:
High Regional Trade of Grains is Driving the Market
South Africa is one of the major exporters of corn in Africa. Barley, sorghum, and rice are some of the other major grain crops grown in the country. White and yellow corn are the two wide grown corn varieties in the country. According to the International Trade Centre Statistics, in 2020, the total exports of maize from the country were 2.5 million metric tons, compared to 2.2 million metric tons in 2018. Zimbabwe, the Republic of Korea, Botswana, and Taipei Chinese are some of the major importers of South African corn. While the country is a net exporter of maize, it heavily relies on other countries for its Wheat consumption.
South Africa depends on Poland, Russian Federation, Lithuania, and Germany for its Wheat imports. The open free trade agreements made by the South African government with other African countries are promoting the growth of grains in the region. The government is also making agreements, such as The Economic Partnership Agreement (EPA) with the European countries, to expand its presence across other regions. Recently, the United States grains council sent a team to South Africa to analyze the conditions for the production of grains like corn in the country. The USDA's Agriculture Trade Promotion Program has employed funds to launch a broader, two-year engagement to expand opportunities for its exporters.
Adoption of Advanced Technologies in Agriculture to Improve Productivity
The demand for various agricultural products, including grains in the country, is increasing owing to the higher demand for food security. Significant investments are being made by the farmers in the agricultural machinery and agrochemical sector of the economy. Such type of productive investments by the farmers in the agricultural inputs market is estimated to drive the agriculture sector.
Digitalization in agriculture, like the use of Data tools, remote sensing, sensors, and drones, has already begun in the country, which helps in reducing the production cost while increasing productivity. SupPlant, the leading precision agriculture hardware-software solution uses artificial intelligence and cloud-based technology to assist South African farmers with two goals, increasing crop yield and reducing water usage.
Further, the Minister of Agriculture, Forestry, and Fisheries has also outlined the need to integrate AgriTech into farming practices. During the 2021 State of the Nation Address, the government also stated its focus on reducing reliance on imports by 20%, largely in the agriculture sector. To achieve this goal, integrating AgriTech solutions into agricultural practices to increase efficiency has given prominence.
South Africa Grain Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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5. MARKET SEGMENTATION (Production Analysis by Volume, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis)
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5.1 Maize
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5.2 Barley
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5.3 Sorghum
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5.4 Rice
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5.5 Wheat
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6. REGIONAL ANALYSIS
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6.1 PESTLE Analysis
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6.2 Value Chain Analysis
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6.3 Government Regulations and Policies
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7. COMPETITIVE ANALYSIS
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7.1 Distribution Network and Retail Analysis
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7.2 List/Profile of Key Players
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8. MARKET OPPORTUNITIES AND FUTURE TRENDS
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9. AN ASSESSMENT OF THE COVID-19 IMPACT
South Africa Grain Industry Segmentation
South Africa is the most advanced, diverse, and productive in terms of agriculture in Africa. The South African grain market is segmented by crop type (maize, barley, sorghum, rice, and wheat). The report includes production analysis (volume), consumption analysis (volume and value), import analysis (volume and value), export analysis (volume and value), and price trend analysis. The report offers market size and forecasts in terms of value(USD million) and volume (metric ton) for all the above segments.
South Africa Grain Market Research FAQs
How big is the South Africa Grain Market?
The South Africa Grain Market size is expected to reach USD 8.37 billion in 2024 and grow at a CAGR of 7% to reach USD 11.74 billion by 2029.
What is the current South Africa Grain Market size?
In 2024, the South Africa Grain Market size is expected to reach USD 8.37 billion.
What years does this South Africa Grain Market cover, and what was the market size in 2023?
In 2023, the South Africa Grain Market size was estimated at USD 7.82 billion. The report covers the South Africa Grain Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Africa Grain Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Grain in South Africa Industry Report
Statistics for the 2024 Grain in South Africa market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Grain in South Africa analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
