The actual data of food products exports from Kenya to Ghana shows a fluctuating trend over the past decade. In 2023, the value was at 1.2562 million USD. Between 2022 and 2023, there was a slight year-on-year decline of 0.45%, consistent with the previous year. Over the last five years, the Compound Annual Growth Rate (CAGR) has been relatively flat at 0.23%. This indicates a period of general stability with minor fluctuations.
While the forecasted data from 2024 to 2028 suggests a gradual decline, with a noted 5-year CAGR of -0.37%, implying a slight but sustained decrease in export values. The overall forecasted 5-year growth rate in this period is -1.86%.
Future trends to watch for include potential shifts in trade policies, economic conditions, and market demands that could either stabilize the export values or exacerbate the declining trend. Additionally, the impact of global events, such as climate change and supply chain disruptions on agricultural output, could further influence these trends.
