Forecast: Food Imports in Ghana

Food imports in Ghana showed a fluctuating trend from 2013 to 2023. Starting at 16.82 units in 2013, the value witnessed substantial increases until 2014, followed by a significant drop in 2015. Recovery was gradual but inconsistent, peaking again in 2018 and declining thereafter. By 2023, food imports reached 18.95 units.

Year-on-year variations reflect these fluctuations: a high increase of 23.11% in 2014, a steep decline of 26.78% in 2015, followed by moderate changes with minor fluctuations. The CAGR over the past five years was -1.14%, highlighting slight declines in recent years.

The forecast for 2024 to 2028 suggests a stable but slow growth with a five-year CAGR of 0.79% and a cumulative growth rate of 4%, which indicates a cautious optimism for a gradual recovery in food imports.

Future trends to watch for include potential impacts of global supply chain disruptions, changing trade policies, and economic stability which could influence Ghana's food import dynamics.

Top Countries about Retail