In 2023, the demand for demersal fish in Ghana stood at 57.29 thousand metric tons. According to the forecast, the demand is projected to increase steadily from 58.52 thousand metric tons in 2024 to 63.55 thousand metric tons by 2028. When looking at year-on-year variations, the demand is expected to grow by approximately 2.22% in 2024, 2.23% in 2025, 2.12% in 2026, 2.03% in 2027, and 1.96% in 2028. Over the forecasted period, the CAGR (Compound Annual Growth Rate) is approximately 2.11%.
Future trends to watch for include:
- The impact of sustainable fishing practices and regulations on supply and demand dynamics.
- Economic developments and population growth in Ghana that could drive up the demand for fish as a protein source.
- Potential advancements in aquaculture technology that may influence market supply.
- Changes in consumer preferences, particularly towards healthier and more sustainable food options, including fish consumption.
