Forecast: Vegetables Demand in Ghana

The demand for vegetables in Ghana has shown a relatively stable trend with some fluctuations over the past decade. In 2023, the demand stood at 974,000 metric tons, marking a 0.52% increase year-on-year. Over the last two years, demand grew by approximately 1% annually. The compound annual growth rate (CAGR) over the past five years is 0.33%, indicating modest growth.

Significant variations include a peak growth of 3.97% in 2016 and a notable decline of 4.5% in 2020. Post-2020, demand rebounded with a 5.81% increase in 2021.

Future forecasts suggest stable growth with the demand expected to reach 999,000 metric tons by 2028, achieving a five-year CAGR of 0.41% and an overall growth rate of 2.04% by 2028.

Key trends to watch include potential impacts of climate change on agriculture, government policies promoting local production, and evolving consumer preferences towards healthier diets.

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