In 2023, the vegetables market in Ghana stood at 903,000 metric tons, reflecting a modest year-on-year increase of 0.56%. Over the past five years, the market showed an average annual growth rate of 0.36%.
Historically, the market has experienced fluctuations with notable variations such as a 4.29% increase in 2016 followed by a decline of 2.28% in 2017, indicating volatility. Despite the dip in 2020, the market showed resilience with a 5.86% uptick in 2021.
Looking ahead, future growth in the vegetables market is expected to be steady with a forecasted average annual growth rate (CAGR) of 0.4% over the next five years, leading to an estimated volume of 926,130 metric tons by 2028, representing a total growth rate of 2.02%.
Future trends to watch for include potential impacts of climate change on crop yields, trade policies affecting import and export, and shifts in consumer preferences towards sustainable and organic produce which may influence market dynamics significantly.
