The poultry meat market in Ghana shows a fluctuating trend over the years. Starting at 190.0 thousand metric tons in 2014, the market contracted through 2016 but saw significant growth thereafter, peaking at 272.0 thousand metric tons in 2022. In 2023, the market stood at 278.0 thousand metric tons, indicating a year-on-year increase of 2.21%.
The year-on-year percentages reflect a volatile market: substantial declines in 2015 (-8.95%) and 2016 (-10.98%) were followed by strong rebounds in 2017 (35.71%) and 2018 (29.19%). The recent years show more stability with consistent, albeit modest, growth.
The five-year Compound Annual Growth Rate (CAGR) ending in 2023 stands at 0.59%. The forecasted five-year CAGR through 2028 is projected at 1.64%, indicating a moderate annual growth leading to a total increase of 8.5% over this period.
Future trends to watch for include factors influencing local production and import policies, shifts in consumer preferences, and potential impacts from economic conditions or global supply chain issues. Assessing these elements will be crucial for accurately projecting the poultry meat market's trajectory in Ghana.
