In 2023, the domestic consumption of palm kernel oil in Ghana stood at 35 thousand metric tons. The forecasted data indicates the following year-on-year variations: an increase to 36.0 thousand metric tons in 2024, and a 2.78% rise to 37.0 thousand metric tons in 2025. The consumption remains constant at 37.0 thousand metric tons in 2026, increasing by 2.70% to 38.0 thousand metric tons in 2027, and remaining steady through 2028.
The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.66%, suggesting a relatively stable growth trend in the domestic consumption of palm kernel oil.
Future trends to watch for include potential shifts in consumer preferences towards alternative oils, government policy impacts on palm oil production, and changes in import-export dynamics in the region that could affect domestic palm kernel oil consumption in Ghana.
