Forecast: Palm Kernel Oil Supply in Ghana

Based on the provided data, the palm kernel oil supply in Ghana is forecasted to steadily increase from 39.0 thousand metric tons in 2024 to 41.0 thousand metric tons by 2028. Year-on-year variations from 2024-2025 and 2026-2027 show a 2.56% increase each year, while 2025-2026 and 2027-2028 remain stable with no significant changes. The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 stands at around 1.5% annually.

Future trends to watch for:

  • Potential impacts of climate change on palm oil yields.
  • Developments in sustainable farming practices and their adoption in Ghana.
  • Economic factors influencing the demand and supply balance globally and locally.
  • Technological advancements in oil extraction and processing techniques.

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