Ghana: Dairy Produce Market 2024

Dairy Produce Market Size in Ghana

The Ghanian dairy produce market reduced to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, continues to indicate a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped in the following year.

Dairy Produce Production in Ghana

In value terms, dairy produce production expanded notably to $X in 2022 estimated in export price. In general, production showed resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Dairy produce production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Dairy Produce Exports

Exports from Ghana

In 2022, the amount of dairy produce exported from Ghana expanded to X tons, growing by X% compared with the previous year. Overall, exports posted a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, dairy produce exports reduced to $X in 2022. Over the period under review, exports enjoyed a prominent increase. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

Togo (X tons), Cote d'Ivoire (X tons) and Senegal (X tons) were the main destinations of dairy produce exports from Ghana, together accounting for X% of total exports. Angola, Benin, the United Arab Emirates and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Angola (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Cote d'Ivoire ($X) and Angola ($X) constituted the largest markets for dairy produce exported from Ghana worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Angola, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average dairy produce export price amounted to $X per ton, shrinking by X% against the previous year. In general, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (X%), while the prices for the other major destinations experienced mixed trend patterns.

Dairy Produce Imports

Imports into Ghana

In 2022, approx. X tons of dairy produce were imported into Ghana; falling by X% compared with the year before. Over the period under review, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, dairy produce imports dropped to $X in 2022. Overall, imports, however, posted a strong expansion. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest dairy produce supplier to Ghana, with a X% share of total imports. Moreover, dairy produce imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), eightfold. New Zealand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and New Zealand (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of dairy produce to Ghana, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average dairy produce import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a slight descent. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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