The demand for mutton and goat meat in Ghana has shown fluctuation from 2014 to 2023, with the volume standing at 47.0 thousand metric tons in 2023. Over the years, several fluctuations can be observed: a peak demand in 2016, followed by a sharp decline in 2020, and a subsequent recovery. Year-on-year, the demand decreased by 2.08% in 2023, while the compound annual growth rate (CAGR) over the last five years stands at 0%. Long-term analysis indicates a generally fragile market with erratic demand changes.
Future trends to watch involve the marginal decline forecasted from 2024 to 2028, with a forecasted 5-year CAGR of -0.27% and an overall growth rate of -1.36%. Factors to monitor include domestic production capacities, import policies, consumer preference shifts, and economic variables like inflation and disposable income.
