Report Update Nov 1, 2024

Ghana - Chewing Gum - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Chewing Gum Market 2024

Chewing Gum Market Size in Ghana

The Ghanian chewing gum market stood at $X in 2021, growing by 9.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a abrupt contraction. Chewing gum consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Chewing Gum Exports

Exports from Ghana

In 2021, the amount of chewing gum exported from Ghana reduced remarkably to X tons, which is down by -78.9% compared with 2020 figures. In general, exports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2019 with an increase of 797% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, chewing gum exports dropped rapidly to $X in 2021. Over the period under review, exports showed a dramatic setback. The growth pace was the most rapid in 2019 when exports increased by 1,237% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for chewing gum exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Burkina Faso stood at +28.9%.

In value terms, Burkina Faso ($X) emerged as the key foreign market for chewing gum exports from Ghana.

From 2012 to 2021, the average annual rate of growth in terms of value to Burkina Faso stood at +41.8%.

Export Prices by Country

In 2021, the average chewing gum export price amounted to $X per ton, increasing by 9.2% against the previous year. Over the period under review, the export price enjoyed slight growth. The growth pace was the most rapid in 2019 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Burkina Faso amounted to +10.0% per year.

Chewing Gum Imports

Imports into Ghana

Chewing gum imports into Ghana totaled X tons in 2021, rising by 4.6% compared with the previous year. Overall, imports posted a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 76%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, chewing gum imports rose significantly to $X in 2021. In general, imports showed a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 65%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest chewing gum supplier to Ghana, accounting for a 62% share of total imports. Moreover, chewing gum imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold. Saudi Arabia (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +29.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+15.0% per year) and Saudi Arabia (+30.7% per year).

In value terms, China ($X) constituted the largest supplier of chewing gum to Ghana, comprising 57% of total imports. The second position in the ranking was taken by Brazil ($X), with an 8.9% share of total imports. It was followed by Vietnam, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+3.4% per year) and Vietnam (-4.8% per year).

Import Prices by Country

In 2021, the average chewing gum import price amounted to $X per ton, with an increase of 6.3% against the previous year. Overall, the import price, however, recorded a deep slump. The growth pace was the most rapid in 2016 when the average import price increased by 29% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kenya (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chewing gum in the world?

China remains the largest chewing gum consuming country worldwide, accounting for 15% of total volume. Moreover, chewing gum consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 4.9% share.

What are the largest producers of chewing gum in the world?

China remains the largest chewing gum producing country worldwide, comprising approx. 19% of total volume. Moreover, chewing gum production in China exceeded the figures recorded by the second-largest producer, India, threefold. Turkey ranked third in terms of total production with a 5.9% share.

What are the leading suppliers of chewing gum to Ghana?

In value terms, China constituted the largest supplier of chewing gum to Ghana, comprising 70% of total imports. The second position in the ranking was occupied by Brazil, with a 10% share of total imports.

What are the leading importers of chewing gum from Ghana?

In value terms, Nigeria remains the key foreign market for chewing gum exports from Ghana, comprising 67% of total exports. The second position in the ranking was occupied by Benin $462), with a 16% share of total exports. It was followed by Cote d'Ivoire, with a 4.9% share.

What is the average export price for chewing gum in Ghana?

The average chewing gum export price stood at $1,176 per ton in 2020, stabilizing at the previous year.

What is the average import price for chewing gum in Ghana?

In 2020, the average chewing gum import price amounted to $2,291 per ton, increasing by 4.9% against the previous year.

This report provides an in-depth analysis of the chewing gum market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10822310 - Chewing gum

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023