Ghana: Market for Cider, Perry, Mead And Other Fermented Beverages 2024

Market Size for Cider, Perry, Mead And Other Fermented Beverages in Ghana

The Ghanian cider, perry and mead market reduced to $X in 2021, waning by -12.8% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Cider, Perry, Mead And Other Fermented Beverages in Ghana

In value terms, cider, perry and mead production shrank to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 43%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Cider, Perry, Mead And Other Fermented Beverages

Exports from Ghana

In 2021, overseas shipments of cider, perry, mead and other fermented beverages increased by 107% to X litres, rising for the second consecutive year after two years of decline. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 442% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, cider, perry and mead exports soared to $X in 2021. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 399%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Togo (X litres) was the main destination for cider, perry and mead exports from Ghana, accounting for a 63% share of total exports. Moreover, cider, perry and mead exports to Togo exceeded the volume sent to the second major destination, Nigeria (X litres), twofold. South Africa (X litres) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Togo stood at +96.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+37.6% per year) and South Africa (+66.8% per year).

In value terms, Nigeria ($X) remains the key foreign market for cider, perry, mead and other fermented beverages exports from Ghana, comprising 54% of total exports. The second position in the ranking was taken by Togo ($X), with a 24% share of total exports. It was followed by the Netherlands, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to Nigeria stood at +45.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+72.7% per year) and the Netherlands (+39.0% per year).

Export Prices by Country

The average cider, perry and mead export price stood at $X per litre in 2021, reducing by -14.6% against the previous year. In general, the export price, however, continues to indicate pronounced growth. The growth pace was the most rapid in 2015 when the average export price increased by 73% against the previous year. Over the period under review, the average export prices reached the maximum at $X per litre in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Burkina Faso ($X per litre), while the average price for exports to Togo ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+43.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cider, Perry, Mead And Other Fermented Beverages

Imports into Ghana

Cider, perry and mead imports into Ghana stood at X litres in 2021, with an increase of 13% against 2020 figures. Over the period under review, imports posted a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 145%. Over the period under review, imports hit record highs at X litres in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, cider, perry and mead imports expanded notably to $X in 2021. In general, imports, however, showed a mild downturn. The growth pace was the most rapid in 2017 with an increase of 159%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Lithuania (X litres), South Africa (X litres) and Nigeria (X litres) were the main suppliers of cider, perry and mead imports to Ghana, together comprising 61% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +67.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, South Africa ($X), Lithuania ($X) and Nigeria ($X) constituted the largest cider, perry and mead suppliers to Ghana, together accounting for 67% of total imports.

Lithuania, with a CAGR of +50.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average cider, perry and mead import price amounted to $X per litre, dropping by -5.9% against the previous year. Overall, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in 2019 an increase of 15% against the previous year. The import price peaked at $X per litre in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per litre), while the price for Nigeria ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (-2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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