Ghana: Green Bean Market 2024

Green Bean Market Size in Ghana

The Ghanian green bean market was estimated at $X in 2022, standing approx. at the previous year. Over the period under review, consumption recorded a perceptible decline. The growth pace was the most rapid in 2018 when the market value increased by 5.4%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Green Bean Production in Ghana

In value terms, green bean production rose slightly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by 30% against the previous year. Green bean production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of green beans in Ghana was estimated at X tons per ha in 2022, stabilizing at 2021. In general, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by 6.1%. Over the period under review, the average green bean yield attained the peak level at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The green bean harvested area in Ghana declined slightly to X ha in 2022, standing approx. at the previous year's figure. Over the period under review, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 4.7% against the previous year. Over the period under review, the harvested area dedicated to green bean production attained the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Green Bean Exports

Exports from Ghana

In 2022, overseas shipments of green beans were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 576%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, green bean exports surged to $X in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 809%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X tons) and Niger (X tons) were the main destinations of green bean exports from Ghana.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +92.8%).

In value terms, the UK ($X) remains the key foreign market for green beans exports from Ghana, comprising 99% of total exports. The second position in the ranking was held by Niger ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at +88.7%.

Export Prices by Country

In 2022, the average green bean export price amounted to $X per ton, surging by 17% against the previous year. Overall, the export price, however, showed a slight contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 79% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Niger totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+60.4%), while the prices for the other major destinations experienced a decline.

Green Bean Imports

Imports into Ghana

In 2022, after two years of growth, there was significant decline in supplies from abroad of green beans, when their volume decreased by -41.1% to X tons. Overall, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 2,420%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, green bean imports contracted sharply to $X in 2022. In general, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2015 when imports increased by 3,253% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Benin (X tons), Niger (X tons) and Egypt (X kg) were the main suppliers of green bean imports to Ghana, together accounting for 100% of total imports.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of +49.5%), while purchases for the other leaders experienced a decline.

In value terms, Niger ($X) constituted the largest supplier of green beans to Ghana, comprising 69% of total imports. The second position in the ranking was held by Benin ($X), with a 30% share of total imports. It was followed by the Netherlands, with a 0.5% share.

From 2012 to 2022, the average annual growth rate of value from Niger amounted to +94.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Benin (-81.9% per year) and the Netherlands (-46.1% per year).

Import Prices by Country

The average green bean import price stood at $X per ton in 2022, leveling off at the previous year. In general, the import price, however, posted strong growth. The growth pace was the most rapid in 2019 an increase of 98% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Egypt ($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 Netherlands (+40.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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