Ghana: Apricot Market 2025

Apricot Market Size in Ghana

After three years of decline, the Ghanian apricot market increased by 2% to $X in 2022. Overall, consumption enjoyed a buoyant expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Apricot Production in Ghana

In value terms, apricot production reached $X in 2022 estimated in export price. Over the period under review, production showed prominent growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 39% against the previous year. Apricot production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of apricots in Ghana stood at less than X kg per ha in 2022, standing approx. at the year before. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of apricots were harvested in Ghana; stabilizing at 2021 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Apricot Exports

Exports from Ghana

In 2022, overseas shipments of apricots increased by 33% to X kg for the first time since 2012, thus ending a nine-year declining trend. Over the period under review, exports, however, saw a precipitous decrease. Over the period under review, the exports attained the peak figure at X kg in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, apricot exports dropped to $X in 2022. In general, exports, however, saw a precipitous contraction. The growth pace was the most rapid in 2021 when exports increased by 27% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Luxembourg (X kg) was the main destination for apricot exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Luxembourg totaled -28.5%.

In value terms, Luxembourg ($X) also remains the key foreign market for apricots exports from Ghana.

From 2012 to 2022, the average annual growth rate of value to Luxembourg amounted to -21.4%.

Export Prices by Country

In 2022, the average apricot export price amounted to $X per ton, which is down by -32.9% against the previous year. In general, the export price, however, recorded strong growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 69% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for Luxembourg.

From 2012 to 2022, the rate of growth in terms of prices for Luxembourg amounted to +10.0% per year.

Apricot Imports

Imports into Ghana

In 2022, purchases abroad of apricots increased by 0.5% to X kg, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 957%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, apricot imports reached $X in 2022. In general, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 649% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X kg) constituted the largest supplier of apricot to Ghana, accounting for a 89% share of total imports. Moreover, apricot imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Turkey (X kg), more than tenfold. The United Arab Emirates (X kg) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +56.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-14.1% per year) and the United Arab Emirates (-2.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of apricots to Ghana, comprising 87% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 6.5% share of total imports. It was followed by Turkey, with a 3% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at +51.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+13.3% per year) and Turkey (-17.0% per year).

Import Prices by Country

The average apricot import price stood at $X per ton in 2022, picking up by 2.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 28% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+16.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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