The forecasted market size volume for the demersal fish market in Ghana shows a consistent year-on-year growth. For the year 2023, the market stood at 57.34 thousand metric tons. From 2024 to 2028, the market is expected to grow steadily from 58.52 thousand metric tons to 63.55 thousand metric tons, indicating a comprehensive expansion. The year-on-year percentage variations for the initial years are as follows: 2.18% for 2024-2025, 2.12% for 2025-2026, 2.03% for 2026-2027, and 1.96% for 2027-2028. The CAGR for the five-year period is approximately 2.14%, reflecting a stable annual growth rate.
Future trends to watch:
- Technological advancements in fishing techniques and equipment.
- Government policies and regulations that might impact fishing activities.
- Environmental factors affecting fish populations and water quality.
- Market demand shifts due to changing consumer preferences and dietary trends.
- Potential impact of climate change on marine ecosystems.
