In 2023, the volume of the tomato market in Ghana stood at 394.0 Thousand Metric Tons.
Analyzing trends over the past decade, the tomato market volume has seen a decline from 433.0 Thousand Metric Tons in 2014. The year 2015 saw a temporary increase by 3.46%, however, following years exhibited a general decline with notable dips such as in 2016 (-8.48%) and 2020 (-5.47%). The market experienced a slight recovery in 2021 (4.48%), but continued a decreasing trend, having shown a year-on-year variation of -0.51% in 2023.
The Compound Annual Growth Rate (CAGR) over the past five years has been -0.55%, pointing to a consistent albeit small decline in market volume. Forecasts indicate this declining trend is set to continue with a projected CAGR of -0.49% for the next five years.
Key future trends to watch for include:
- Potential impacts of climate change on tomato yields.
- Adoption of innovative agricultural technologies that might reverse the declining trend.
- Market demand shifts due to changing dietary patterns and possible increased imports.
