Ghana: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Ghana

The Ghanian concentrated grapefruit juice market rose to $X in 2021, growing by 1.7% 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 saw a significant increase. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Concentrated Grapefruit Juice Exports

Exports from Ghana

Concentrated grapefruit juice exports from Ghana contracted rapidly to X kg in 2021, shrinking by -94.3% on the year before. Over the period under review, exports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2019 with an increase of 4,094%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, concentrated grapefruit juice exports fell sharply to $X in 2021. Overall, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2019 when exports increased by 4,164% 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 somewhat lower figure.

Exports by Country

Burkina Faso (X kg) was the main destination for concentrated grapefruit juice exports from Ghana, with a 96% share of total exports. Moreover, concentrated grapefruit juice exports to Burkina Faso exceeded the volume sent to the second major destination, Togo (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Burkina Faso amounted to -22.9%.

In value terms, Burkina Faso ($X) remains the key foreign market for concentrated grapefruit juice exports from Ghana, comprising 99% of total exports. The second position in the ranking was taken by Togo ($X), with a 0.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Burkina Faso stood at -17.8%.

Export Prices by Country

The average concentrated grapefruit juice export price stood at $X per ton in 2021, growing by 69% against the previous year. Overall, the export price enjoyed a strong expansion. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+6.5%).

Concentrated Grapefruit Juice Imports

Imports into Ghana

In 2021, approx. X tons of concentrated grapefruit juice were imported into Ghana; approximately mirroring the previous year. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 270%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, concentrated grapefruit juice imports amounted to $X in 2021. In general, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 235%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, South Africa (X tons) constituted the largest supplier of concentrated grapefruit juice to Ghana, with a 73% share of total imports. Moreover, concentrated grapefruit juice imports from South Africa exceeded the figures recorded by the second-largest supplier, Spain (X tons), sevenfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual growth rate of volume from South Africa stood at +42.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+76.3% per year) and the United Arab Emirates (+5.4% per year).

In value terms, South Africa ($X) constituted the largest supplier of concentrated grapefruit juice to Ghana, comprising 85% of total imports. The second position in the ranking was taken by Spain ($X), with a 3.7% share of total imports. It was followed by the United Arab Emirates, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from South Africa amounted to +42.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+35.2% per year) and the United Arab Emirates (-4.3% per year).

Import Prices by Country

In 2021, the average concentrated grapefruit juice import price amounted to $X per ton, remaining constant against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 64% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+30.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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