Report Update Nov 1, 2024

Ghana - Figs - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Fig Market 2024

Fig Market Size in Ghana

The Ghanian fig market reached $X in 2022, with an increase of 3% against the previous year. Overall, consumption enjoyed prominent growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Fig Production in Ghana

In value terms, fig production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 19% against the previous year. Fig production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The average yield of figs in Ghana was estimated at less than X kg per ha in 2022, remaining constant against the year before. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the fig harvested area in Ghana stood at less than X ha, almost unchanged from the year before. Overall, the harvested area saw a relatively flat trend pattern.

Fig Exports

Exports from Ghana

After two years of decline, overseas shipments of figs decreased by 0% to X kg in 2018. Over the period under review, exports saw a sharp reduction. The smallest decline of 99.9% was in 2016. The exports peaked at X kg in 2015; however, from 2016 to 2018, the exports stood at a somewhat lower figure.

In value terms, fig exports stood at $X in 2018. In general, exports saw a dramatic downturn. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2018, the exports remained at a lower figure.

Exports by Country

The UK (X kg) was the main destination for fig exports from Ghana, accounting for a 87% share of total exports. Moreover, fig exports to the UK exceeded the volume sent to the second major destination, Slovakia (X kg), sevenfold.

From 2015 to 2018, the average annual rate of growth in terms of volume to the UK was relatively modest.

From 2015 to 2018, the average annual growth rate of value to the UK was relatively modest.

Export Prices by Country

In 2018, the average fig export price amounted to $X per ton, approximately equating the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 a decrease of 99.9% against the previous year. The export price peaked in 2018 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2018, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Slovakia totaled $X per ton.

From 2015 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (-31.1%).

Fig Imports

Imports into Ghana

In 2022, the amount of figs imported into Ghana rose rapidly to X tons, with an increase of 11% compared with the previous year. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 124%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, fig imports expanded significantly to $X in 2022. Overall, imports posted significant growth. The growth pace was the most rapid in 2015 when imports increased by 131%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Lebanon (X kg), the Netherlands (X kg) and the United Arab Emirates (X kg) were the main suppliers of fig imports to Ghana, with a combined 63% share of total imports. France, Luxembourg, South Africa, the UK and Turkey lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +55.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fig suppliers to Ghana were France ($X), the Netherlands ($X) and the United Arab Emirates ($X), with a combined 78% share of total imports.

The United Arab Emirates, with a CAGR of +69.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fig import price stood at $X per ton in 2022, waning by -2.8% against the previous year. Overall, the import price saw a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 28%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, 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 France ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for figs in the world?

The countries with the highest volumes of fig consumption in 2021 were Turkey, Egypt and Morocco, together comprising 45% of global consumption. These countries were followed by Iran, Algeria, Spain, Syrian Arab Republic, the United States, India, Tunisia, Albania, France and Brazil, which together accounted for a further 37%.

What are the largest producers of figs in the world?

The countries with the highest volumes of fig production in 2021 were Turkey, Egypt and Morocco, together accounting for 52% of global production. These countries were followed by Iran, Algeria, Spain, Syrian Arab Republic, the United States, Tunisia, Albania, Brazil and Greece, which together accounted for a further 35%.

What are the leading suppliers of figs to Ghana?

In value terms, the largest fig suppliers to Ghana were France, the Netherlands and Turkey $324), with a combined 77% share of total imports.

What is the average export price for figs in Ghana?

The average fig export price stood at $3,190 per ton in 2021, therefore, remained relatively stable against the previous year.

What is the average import price for figs in Ghana?

In 2021, the average fig import price amounted to $2,404 per ton, shrinking by -20% against the previous year.

This report provides an in-depth analysis of the fig 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:

FCL 569 - Figs

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, HARVESTED AREA AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023