Based on the provided data, the production of milled rice in Ghana is forecasted to grow steadily from 2024 to 2028. Specifically, production values in thousand metric tons are as follows: 824 in 2024, 864 in 2025, 903 in 2026, 943 in 2027, and 982 in 2028. Compared to 2023, this data represents significant year-on-year increases, reflecting a robust growth trend in the country's milled rice production.
Year-on-year percentage variations are as follows:
- 2024: +12.5%
- 2025: +4.9%
- 2026: +4.5%
- 2027: +4.4%
- 2028: +4.1%
The Compound Annual Growth Rate (CAGR) between 2024 to 2028 is approximately 4.88%, indicating a healthy and consistent annual growth in milled rice production.
Future trends to watch for:
- Advancements in agricultural technologies and practices.
- Economic policies and support for local rice production.
- Climate change impacts and adaptation strategies.
- Market demand fluctuations and potential export opportunities.
