The demand for coconuts and copra in Ghana has shown fluctuations over the past decade, with notable dips and intermittent growth. In 2023, the demand stood at 362.0 thousand metric tons, indicating a slight year-on-year decrease of 0.55%. The demand witnessed significant declines around 2018 and 2020, followed by a moderate recovery but has generally trended downwards with a 5-year CAGR of -0.055%. The forecast predicts a continued gradual decline with an annual average decrease of -0.27% over the next five years, projecting a 2028 value of 356.0 thousand metric tons.
Future trends to watch for:
- Potential impacts of climate change on coconut production.
- Market diversification and demand shifts in the food and cosmetics industries.
- Innovations in coconut-based product lines and value-added products.
