The production of raw animal fats in Ghana is forecasted to experience steady growth from 2024 to 2028, beginning at 5.1 thousand metric tons in 2024 and reaching 5.35 thousand metric tons by 2028. This reflects a year-on-year average increase of approximately 1.2%, with a compounded annual growth rate (CAGR) of around 1.2% over the five-year period.
Comparing previous years is crucial to understand the trend. In 2023, the production value stood at 5.04 thousand metric tons, indicating a consistent growth trend in the subsequent years. This indicates that there has been a uniform upward trajectory in the production volume.
Future trends to watch for include potential changes in livestock population, government agricultural policies, market demand for raw animal fats, and advancements in farming techniques. Monitoring these factors could provide additional insights into the sustainability and potential acceleration of production growth.
