Ghana: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Ghana

The Ghanian breakfast cereal market rose sharply to $X in 2021, with an increase of X% against the previous year. Over the period under review, consumption showed a resilient expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Breakfast Cereal Production in Ghana

In value terms, breakfast cereal production rose significantly to $X in 2021 estimated in export price. Over the period under review, production showed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Breakfast cereal production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Breakfast Cereal Exports

Exports from Ghana

In 2021, approx. X tons of breakfast cereals were exported from Ghana; which is down by -X% on the previous year. Overall, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at X tons in 2020, and then contracted sharply in the following year.

In value terms, breakfast cereal exports dropped sharply to $X in 2021. In general, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

The UK (X tons) was the main destination for breakfast cereal exports from Ghana, accounting for a X% share of total exports. Moreover, breakfast cereal exports to the UK exceeded the volume sent to the second major destination, the United States (X tons), ninefold. The third position in this ranking was taken by Burkina Faso (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Burkina Faso (-X% per year).

In value terms, the UK ($X) remains the key foreign market for breakfast cereal exports from Ghana, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the UK stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Togo (+X% per year).

Export Prices by Country

The average breakfast cereal export price stood at $X per ton in 2021, growing by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports

Imports into Ghana

Breakfast cereal imports into Ghana stood at X tons in 2021, picking up by X% compared with 2020 figures. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, breakfast cereal imports surged to $X in 2021. Over the period under review, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of breakfast cereal to Ghana, accounting for a X% share of total imports. Moreover, breakfast cereal imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by the UK (X tons), with an X% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the UK (+X% per year).

In value terms, the UK ($X), South Africa ($X) and Belgium ($X) constituted the largest breakfast cereal suppliers to Ghana, with a combined X% share of total imports. Germany, China, Poland and the United States lagged somewhat behind, together comprising a further X, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average breakfast cereal import price stood at $X per ton in 2021, rising by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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