Between 2014 and 2023, Ghana's cassava export volume has undergone significant fluctuations. In 2014, the volume stood at 12 thousand metric tons, peaking at 24 thousand metric tons in 2015 but then experiencing a steep decline. By 2023, the export volume stabilized at 6 thousand metric tons, reflecting a stagnant position compared to previous years with zero year-on-year variation but a negative CAGR of 5.59% over the last five years. Notably, the export volume from 2019 to 2023 saw a mixture of negative and minimal positive variations.
Looking ahead, the forecasted data from 2024 to 2028 indicates a continuous decline in cassava export volume. The volume is expected to decrease progressively each year, with a Compound Annual Growth Rate (CAGR) of -6.90%, culminating in a total decrease of 30.05% by 2028. This indicates a persistent downward trend that suggests declining export performance in the sector.
Future trends to watch for:
- Global market demand and prices for cassava
- Domestic production capabilities and yield improvements
- Government policies and export incentives
- Emergence of alternative markets or new export opportunities
