Ghana: Bread And Bakery Market 2024

Bread And Bakery Market Size in Ghana

The Ghanian bread and bakery market dropped modestly to $X in 2022, reducing by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Bread And Bakery Production in Ghana

In value terms, bread and bakery production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Bread And Bakery Exports

Exports from Ghana

In 2022, exports of bread and bakery from Ghana fell remarkably to X tons, waning by X% against 2021. Over the period under review, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then dropped sharply in the following year.

In value terms, bread and bakery exports declined notably to $X in 2022. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Togo (X tons), Cote d'Ivoire (X tons) and Burkina Faso (X tons) were the main destinations of bread and bakery exports from Ghana, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Togo ($X) and Burkina Faso ($X) appeared to be the largest markets for bread and bakery exported from Ghana worldwide, with a combined X% share of total exports.

Among the main countries of destination, Cote d'Ivoire, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bread and bakery export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Liberia ($X per ton), while the average price for exports to Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bread And Bakery Imports

Imports into Ghana

In 2022, bread and bakery imports into Ghana dropped notably to X tons, shrinking by X% compared with the previous year's figure. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, bread and bakery imports declined to $X in 2022. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Morocco (X tons) and India (X tons) were the main suppliers of bread and bakery imports to Ghana, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Morocco (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Sri Lanka ($X) and India ($X) appeared to be the largest bread and bakery suppliers to Ghana, with a combined X% share of total imports. The UK, Thailand, Turkey, Malaysia, Kazakhstan, Morocco, South Africa, Yemen, Belgium and Argentina lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Morocco, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bread and bakery import price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price saw modest growth. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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