The cottonseed production in Ghana stood at 7.0 thousand metric tons in 2023, maintaining stability with no year-on-year change compared to the previous years. Over a longer period, the production levels have seen minimal fluctuations, maintaining a relatively consistent output, especially since 2014. The key variations include a notable year-on-year increase of 14.29% in 2015 and a significant decline of -12.5% in 2017. Another slight dip occurred in 2020 with a -5% drop, followed by a recovery of 5.26% in 2021. The average annual growth rate (CAGR) over the past five years shows little change, with a forecasted decrement at -0.16% CAGR from 2024 to 2028, predicting a modest overall decline by -0.77% over the next five years.
Future trends to watch for:
- Climate impact on cottonseed yields, especially given stable historical outputs.
- Potential technological innovations in agriculture that could affect production efficiency.
- Market demand fluctuations influenced by global trade policies and domestic needs.
