The non-coniferous roundwood production in Ghana is forecasted to experience a steady increase between 2024 and 2028. In 2024, production is expected to be 55.387 million cubic meters. This value is predicted to rise to 56.343 million cubic meters in 2025, 57.289 million cubic meters in 2026, 58.226 million cubic meters in 2027, and 59.153 million cubic meters in 2028.
Comparing the forecasted values to the actual production in 2023, which stood at 54.480 million cubic meters, we can observe year-on-year growth rates:
- 2024: +1.66%
- 2025: +1.72%
- 2026: +1.68%
- 2027: +1.63%
- 2028: +1.60%
Over the five-year forecast period, the compound annual growth rate (CAGR) is approximately 1.66%, indicating consistent growth in production.
Future trends to watch for include potential impacts of environmental policies, technological advancements in wood processing, and market demand fluctuations both locally and internationally. Sustainable forestry practices will also be critical in maintaining this growth trajectory while protecting Ghana's natural resources.
