The import volume of alcoholic beverages in Ghana saw significant fluctuations from 2014 to 2023. In 2014, the import volume was notably higher at 108,000 Metric Tons but fell significantly through 2015 and 2016, with year-on-year drops of 34.26% and 40.85% respectively. After a recovery in 2017 with a 95.24% increase, the trend saw slight reductions or modest changes, experiencing an average yearly decline with a CAGR of -3.2% over the past five years. In 2023, the import volume stood at 68,000 Metric Tons, marking a marginal year-on-year decrease of 1.45%.
Future trends indicate a continuous but gradual decrease in import volume, with a forecasted average annual decline (CAGR) of -2.27% up to 2028, translating to an overall 10.86% reduction over five years. This anticipated downtrend suggests changing market dynamics and potential shifts in consumer preference or import policies.
Future trends to watch for:
- Changes in import regulations and tariffs potentially further affecting volumes.
- Consumer behavior shifts towards locally-produced alcoholic beverages.
- Economic factors and purchasing power influencing import levels.