Fertilizer consumption in Ghana saw fluctuations from 2013 to 2023, with a significant low in 2014 and substantial growth peaks in 2017, 2019, and 2020. The average annual growth rate over the last five years has been 10.35%. In 2023, consumption stood at 45.09 kg/ha. Year-on-year growth between 2022 and 2023 was 4.4%, indicating a steady rise albeit lower than earlier years. Key trends include robust rebounds after declines, reflecting market adjustments.
Future trends to watch for:
- Continued growth in fertilizer consumption with a forecasted CAGR of 2.82% from 2024 to 2028.
- Potential influences of agricultural policies and subsidies on fertilizer use.
- Impact of technological advancements and sustainable farming practices on consumption patterns.
Latest reports
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