Forecast: Distilled Alcoholic Beverages Import Volume in Ghana

From 2014 to 2015, the import volume of distilled alcoholic beverages in Ghana increased by 14.29%. However, there was a sharp decline of 50% in 2016, followed by a recovery with a 25% increase in 2017. The volume remained stable at 5.0 thousand metric tons from 2017 to 2019. In 2020, it decreased by 17%, and continued to decline slightly by 3.61% in 2021, stabilizing at 4.0 thousand metric tons through 2022 and 2023. As of 2023, the import volume stood at 4.0 thousand metric tons, with a negative Compound Annual Growth Rate (CAGR) of -4.36% over the last five years.

Future trends indicate a continued decline in import volume, with a projected 5-year CAGR of -4.08%, leading to an anticipated 18.82% decrease in total import volume by 2028. By the end of the forecast period in 2028, the import volume is expected to be 3.05 thousand metric tons.

Key future trends to watch for include:

• Changes in local production and consumption patterns of distilled alcoholic beverages.
• Economic factors affecting import capabilities and consumer demand.
• Regulatory changes impacting imports and taxation of alcoholic beverages.
• Potential shifts in consumer preferences towards locally produced spirits.