In 2023, the domestic consumption of chicken meat in Ghana stood at 286.0 thousand metric tons. The forecasted data from 2024 onwards indicates a steady increase in consumption. Specifically, the values are projected to be 294.0 thousand metric tons in 2024, 302.0 thousand metric tons in 2025, 311.0 thousand metric tons in 2026, 319.0 thousand metric tons in 2027, and 327.0 thousand metric tons in 2028. This shows an upward trajectory in the domestic consumption of chicken meat.
The year-on-year growth rates are as follows:
- 2023 to 2024: 2.8%
- 2024 to 2025: 2.7%
- 2025 to 2026: 3.0%
- 2026 to 2027: 2.6%
- 2027 to 2028: 2.5%
The Compound Annual Growth Rate (CAGR) over the forecasted period from 2023 to 2028 is approximately 2.7% per year.
Future trends to watch for include the growing middle class and urbanization in Ghana, which are likely to drive higher meat consumption. Additionally, shifts in dietary preferences and the impact of economic factors such as income growth and inflation could influence demand. Monitoring these variables will be crucial for making accurate future forecasts.
