As of 2023, Ghana's cotton export stood at 15.0 thousand units (480 lb. Bales). In 2024, the forecasted export rises to 16.0 thousand units, showing an increase of about 6.7% compared to the previous year. From 2024 to 2025, an additional growth of 6.25% is predicted as the export value reaches 17.0 thousand units. This level remains stable through 2026 and 2027 before slightly increasing again in 2028 by 5.88%, reaching 18.0 thousand units. Over the five-year period from 2023 to 2028, the Compound Annual Growth Rate (CAGR) is approximately 4.54%, indicating moderate but steady growth.
Future trends to watch for include:
- Possible fluctuations in global cotton demand and price.
- Impact of climatic changes and agricultural practices on cotton yield.
- Policy changes in Ghana regarding agricultural export incentives.
- Technological advancements in cotton farming and processing.