The import volume of vegetable oils in Ghana has exhibited significant fluctuations in the past decade. Key variations noted include a steep decline of 34.94% in 2016 and an impressive growth of 95.83% in 2017. More recently, from 2022 to 2023, the volume increased by 1.73%, maintaining a 5-year CAGR of 1.33% and an overall 5-year growth rate of 6.83%.
Future Trends: The import volume is expected to exhibit a steady upward trajectory, averaging a 1.33% annual growth rate over the next five years. Key factors to monitor include global vegetable oil prices, domestic agricultural policies, and potential supply chain disruptions.
