Forecast: Cocoa Beans Export Volume in Ghana

Ghana's cocoa beans export volume has experienced significant fluctuations over the last decade, with periods of both growth and decline. In 2023, the export volume stood at 823 thousand metric tons, showing minimal year-on-year growth of 0.12% after a relatively stagnant period over the last few years. The long-term compound annual growth rate (CAGR) for the last five years was -1.82%, indicating a downward trend in overall export volume.

From 2014 to 2023, notable changes included a 21.39% drop in 2015, a recovery in 2018 with a 45.25% increase, and a general decline thereafter until a slight recovery in 2021 with a 5.39% increase. Prospects for the next five years show a very modest forecasted growth, with the forecasted CAGR being 0.1%, implying that the export volume is expected to remain relatively stable around 828 thousand metric tons by 2028.

Future trends to watch for include potential shifts in global cocoa demand, climate change impacts on cocoa production, and changes in Ghana's agricultural policies. These factors could significantly influence Ghana's cocoa export volumes in the coming years.