The forecast for milled rice domestic consumption in Ghana from 2024 to 2028 indicates a steady increase. The value in 2023 stood at 1.55 million metric tons. Year-on-year variations from 2024 to 2028 show incremental growth:
- 2024: 2.6%
- 2025: 3.1%
- 2026: 2.4%
- 2027: 2.4%
- 2028: 2.3%
The Compound Annual Growth Rate (CAGR) over the forecasted five-year period (2024-2028) is 2.56%. This steady growth reflects increasing demand and potential enhancements in domestic production capacities.
Future Trends to Watch For
A few elements could influence future trends: changes in government policies around agriculture, technological advancements in rice farming, shifts in local dietary preferences, and potential impacts from climate change. Monitoring these factors will provide insights into future consumption patterns.
