The forecast for raw sugar equivalent demand in Ghana shows a gradual decline over the period from 2024 to 2028. In 2023, actual demand stood at 313.05 thousand metric tons. From 2024 to 2028, we observe a year-on-year decrease, reflecting in the following percentages: -0.22%, -0.22%, -0.21%, -0.21%, and -0.21%, respectively. Over the entire period from 2024 to 2028, the compound annual growth rate (CAGR) averages to a -0.21% decrease per year.
Future trends to watch for include potential impacts of policy changes on import tariffs, local production capacities increasing due to agricultural advancements, and shifts in consumer preferences towards healthier alternatives that could further alter demand patterns for raw sugar in Ghana.
