The demand for pelagic fish in Ghana stood at 554.92 thousand metric tons in 2023, revealing a year-on-year increase of 1.02%. Over the last ten years, the market has experienced both fluctuations and consistent growth, with notable changes including a drop in 2020 (-16.07%) followed by a recovery spurt in 2021 (15.71%).
Moving into the forecasted period, the pelagic fish demand is predicted to grow with a Compound Annual Growth Rate (CAGR) of 0.83% from 2023 to 2028, culminating in a total growth rate of 4.21% over these five years. This consistent, albeit modest, increase highlights a stable interest and consumption in the country.
Future trends to watch for include potential variables from environmental changes, sustainability measures, and changes in consumer preferences influenced by economic and social factors. It's crucial to monitor the impact of fishing regulations and external market influences on the pelagic fish sector in Ghana.
