Ghana: Frozen Fruit Market 2022

Frozen Fruit Market Size in Ghana

The Ghanian frozen fruit market contracted to $X in 2021, which is down by -X% 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, however, recorded a strong expansion. Frozen fruit consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Frozen Fruit Exports

Exports from Ghana

In 2021, shipments abroad of frozen fruits increased by X% to X tons, rising for the fourth year in a row after three years of decline. In general, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, frozen fruit exports expanded notably to $X in 2021. Overall, exports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons) was the main destination for frozen fruit exports from Ghana, accounting for a X% share of total exports. Moreover, frozen fruit exports to New Zealand exceeded the volume sent to the second major destination, the UK (X kg), tenfold.

From 2012 to 2021, the average annual growth rate of volume to New Zealand was relatively modest.

In value terms, the UK ($X) and New Zealand ($X) constituted the largest markets for frozen fruit exported from Ghana worldwide.

In terms of the main countries of destination, the UK, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the average frozen fruit export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price posted pronounced growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. The export price peaked at $X per ton 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 foreign markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to New Zealand stood at $X per ton.

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

Frozen Fruit Imports

Imports into Ghana

Frozen fruit imports into Ghana declined to X tons in 2021, reducing by -X% against the previous year. In general, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, frozen fruit imports dropped to $X in 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of frozen fruit to Ghana, accounting for a X% share of total imports. Moreover, frozen fruit imports from Belgium exceeded the figures recorded by the second-largest supplier, Egypt (X tons), fivefold. The third position in this ranking was taken by Denmark (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-X% per year) and Denmark (+X% per year).

In value terms, Belgium ($X) constituted the largest supplier of frozen fruit to Ghana, comprising X% of total imports. The second position in the ranking was taken by Denmark ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+X% per year) and Egypt (+X% per year).

Import Prices by Country

In 2021, the average frozen fruit import price amounted to $X per ton, reducing by -X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for the Netherlands ($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 (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :