The maize feed consumption in Ghana has shown a steady increase from 0.796 million metric tons in 2014 to 1.24 million metric tons in 2023. This represents a compound annual growth rate (CAGR) of 1.09% over the last five years. Variations have been notable; for instance, 2018 saw a sharp increase of 24.57% year-on-year, while 2019 experienced a slight decline of 3.76%. In the last two years, growth has slowed down with year-on-year increases of 2.28% in 2022 and 2.15% in 2023.
Forecast data suggests a continued upward trajectory, with expected maize feed volumes reaching 1.36 million metric tons by 2028. This translates to a forecasted five-year CAGR of 1.51%, indicating a moderate but steady growth.
Future trends to watch for include:
- Potential impacts of climate change on maize production.- Technological advancements in agricultural practices.- Changes in national policies regarding agriculture and feed production.- Shifts in market demand driven by livestock and poultry industries.
