The sorghum market in Ghana shows a consistent upward trend from 2024 to 2028. In 2023, the market size volume stood at 208.00 Thousand Metric Tons. From 2024 to 2028, the year-on-year percentage variations indicate a steady growth: a 1.2% increase from 2024 to 2025, a 1.2% increase from 2025 to 2026, a 1.1% increase from 2026 to 2027, and a 1.1% increase from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this five-year period averages around 1.2% per year.
Future trends to watch for include:
- Potential impacts of climate change on sorghum yield.
- Technological advancements in farming practices and their adoption rates.
- Shifts in governmental policies and subsidies affecting agricultural commodities.
- Growing domestic and international demand for sorghum due to its nutritional benefits.