The pork market volume in Ghana, expressed in thousand metric tons, showed notable fluctuations from 2014 to 2023. The market volume stood at 28.0 in 2023, with a consistent pattern since 2021. The Compound Annual Growth Rate (CAGR) over the last five years was 1.49%, indicating a gradual increase. Significant variations were observed during this period, including a sharp decline in 2020 by -17% and subsequent recovery since then.
Looking forward, the market is expected to grow at a modest CAGR of 0.3% over the next five years, reaching an estimated volume of 28.59 thousand metric tons by 2028. This forecast suggests a stable but slow growth trajectory for the pork market in Ghana.
Future trends to watch for include:
- Potential impacts of economic stability and consumer purchasing power on pork consumption.
- Changes in dietary preferences and health trends influencing meat consumption.
- Development of local pork production capacity and its effect on domestic market dynamics.
- Trade policies and import regulations that could affect supply and pricing.
