Between 2013 and 2023, Ghana's orange production experienced varied growth rates. The year-on-year growth fluctuated, peaking in 2018 with a 7.72% increase but faced a slight decline in 2020 by 3.1%. Over these years, the compound annual growth rate (CAGR) demonstrates a mixed yet positive trend, ranging from 1.72% to 4.27%. As of 2023, the production stood at 845.41 thousand metric tons, marking a 2.14% increase from the previous year.
Future forecasts from 2024 to 2028 suggest a steady upward trajectory with an average CAGR of 1.63% and an overall growth rate of 8.44%. This indicates a positive but moderate increase in production volumes annually.
Key trends to watch for in the future:
- Impact of climate change on agricultural yields
- Government policies and incentives for orange production
- Technological advancements in farming techniques
- Market demand fluctuations both domestically and internationally
