Ghana: Concentrated Orange Juice Market 2024

Concentrated Orange Juice Market Size in Ghana

The Ghanian concentrated orange juice market skyrocketed to $X in 2021, surging by 49% against the previous year. In general, consumption continues to indicate a resilient expansion. Concentrated orange juice consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Concentrated Orange Juice Production in Ghana

In value terms, concentrated orange juice production soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 28% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Concentrated Orange Juice Exports

Exports from Ghana

In 2021, approx. X tons of concentrated orange juice were exported from Ghana; shrinking by -49.4% compared with the previous year's figure. Over the period under review, exports showed a abrupt downturn. The growth pace was the most rapid in 2013 when exports increased by 69%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, concentrated orange juice exports totaled $X in 2021. Overall, exports recorded a deep contraction. The pace of growth was the most pronounced in 2013 with an increase of 93%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for concentrated orange juice exports from Ghana, with a 70% share of total exports. Moreover, concentrated orange juice exports to the Netherlands exceeded the volume sent to the second major destination, Spain (X tons), fivefold. Burkina Faso (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-7.2% per year) and Burkina Faso (-12.1% per year).

In value terms, the Netherlands ($X) remains the key foreign market for concentrated orange juice exports from Ghana, comprising 79% of total exports. The second position in the ranking was taken by Spain ($X), with a 16% share of total exports. It was followed by Burkina Faso, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-8.0% per year) and Burkina Faso (-11.8% per year).

Export Prices by Country

In 2021, the average concentrated orange juice export price amounted to $X per ton, surging by 107% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to Benin ($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 Netherlands (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

Concentrated Orange Juice Imports

Imports into Ghana

In 2021, concentrated orange juice imports into Ghana dropped to X tons, falling by -8.4% compared with the year before. Over the period under review, imports recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 25%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, concentrated orange juice imports shrank to $X in 2021. Overall, imports recorded a mild reduction. The most prominent rate of growth was recorded in 2018 with an increase of 26%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Cyprus (X tons) constituted the largest supplier of concentrated orange juice to Ghana, accounting for a 60% share of total imports. Moreover, concentrated orange juice imports from Cyprus exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was held by Israel (X tons), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from Cyprus stood at +65.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+21.8% per year) and Israel (+19.9% per year).

In value terms, Cyprus ($X) constituted the largest supplier of concentrated orange juice to Ghana, comprising 68% of total imports. The second position in the ranking was taken by Israel ($X), with a 23% share of total imports. It was followed by Brazil, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from Cyprus stood at +65.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+19.1% per year) and Brazil (+2.6% per year).

Import Prices by Country

In 2021, the average concentrated orange juice import price amounted to $X per ton, remaining stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 33%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained 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 Israel ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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