Forecast: Nitrogen Fertilizer use on Crops in Ghana

Between 2013 and 2023, there has been a significant increase in nitrogen fertilizer use on crops in Ghana. In 2013, the value stood at 7.94 kilograms per hectare, rising to 17.36 kilograms per hectare in 2023. Over the past two years, the year-on-year variation shows growth of approximately 4.45% per year. The five-year compound annual growth rate (CAGR) from 2018 to 2023 is 7.15%. Notably, the highest year-on-year change occurred in 2017 with a 94.01% increase. For the future, the forecasted data up to 2028 suggests a continued but more moderate upward trend with a five-year CAGR of 2.87% and an overall forecasted growth rate of 15.2% by 2028.

Future trends to watch for include shifts in agricultural practices, possible government initiatives to boost fertilizer use, and global market price fluctuations for fertilizers. These factors could influence the rate of nitrogen fertilizer application, potentially causing deviations from the current forecasted growth trajectory.