The nuts market size volume in Ghana has seen fluctuating trends over the past decade. Starting from 25.0 thousand metric tons in 2014, it reached a peak of 30.0 thousand metric tons in 2015 before generally declining with a slight rebound in recent years. In 2023, the market size volume stood at 21.0 thousand metric tons, with a 0% year-on-year variation, suggesting market stabilization after prior declines.
On a longer-term basis, from 2014 to 2023, the market has experienced a compound annual growth rate (CAGR) of -1.8%, reflecting an overall downturn. The noticeable peaks and troughs in growth rates over this period indicate market volatility.
Future trends to watch for include:
- Potential impacts of agricultural policies and trade agreements on nut production.
- Shifts in consumer preferences towards healthy snacking options.
- Climate change and its effect on nut crop yields.
From 2024 to 2028, the forecasted annual CAGR is -0.95%, suggesting a continued but moderate decline, culminating in a projected market size of 19.69 thousand metric tons by 2028, an overall drop of 4.65% from 2023 levels.
