The export volume of distilled alcoholic beverages in Ghana stood at 12.0 thousand metric tons in 2023, with no year-on-year variation observed from 2022. Analyzing the historical data, a volatile trend is evident with significant fluctuations between 2014 (7.0) and 2017 (11.0), followed by relative stability from 2018 to 2020. A notable increase occurred in 2021 (31.43% year-on-year variation), reaching 12.0 thousand metric tons, where it has plateaued through 2023. Over the last five years, the compound annual growth rate (CAGR) has averaged 1.76%.
- In 2015, export volume declined by -14.29% from 2014's baseline.
- A further reduction occurred in 2016 by -33.33%.
- A significant increase of 175% was seen in 2017.
- Stability was then observed from 2018 to 2020 with minor fluctuation.
- In 2021, a sharp rise of 31.43% was recorded.
- Export volume remained constant at 12.0 thousand metric tons from 2021 through 2023.
Looking ahead, the forecasted data suggests a gradual increase in export volume, with the volume expected to reach 13.81 thousand metric tons by 2028. The predicted compound annual growth rate (CAGR) over the next five years is 2.04%, indicating a modest but steady growth trajectory. Future trends to watch include the impact of global economic conditions, trade agreements, and demand within emerging markets, which could potentially influence Ghana's export volumes for distilled alcoholic beverages.