Ghana: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Ghana

The Ghanian preserved frozen potato market expanded sharply to $X in 2021, rising by 6.8% 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, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +62.6% against 2017 indices. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the near future.

Preserved Frozen Potato Exports

Exports from Ghana

In 2021, shipments abroad of frozen potatoes prepared or preserved was finally on the rise to reach X kg after three years of decline. Overall, exports posted slight growth. The pace of growth was the most pronounced in 2014 with an increase of 585% against the previous year. 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, preserved frozen potato exports surged to $X in 2021. Over the period under review, exports continue to indicate a slight increase. The pace of growth appeared the most rapid in 2014 with an increase of 1,718% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Togo (X kg) was the main destination for preserved frozen potato exports from Ghana, with a 92% share of total exports. Moreover, preserved frozen potato exports to Togo exceeded the volume sent to the second major destination, South Africa (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Togo stood at +1.5%.

In value terms, Togo ($X) and South Africa ($X) constituted the largest markets for preserved frozen potato exported from Ghana worldwide.

In terms of the main countries of destination, Togo, with a CAGR of +1.5%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average preserved frozen potato export price stood at $X per ton in 2021, which is down by -2.1% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 165%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was South Africa ($X per ton), while the average price for exports to Togo totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Togo (-0.0%).

Preserved Frozen Potato Imports

Imports into Ghana

In 2021, approx. X tons of frozen potatoes prepared or preserved were imported into Ghana; growing by 8% on 2020. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.0% 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 +1.9% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 62% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, preserved frozen potato imports reached $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.9% 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 -0.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 50%. Imports peaked at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Denmark (X tons) were the main suppliers of preserved frozen potato imports to Ghana, with a combined 48% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +63.7%), while imports for the other leaders experienced a decline.

In value terms, the largest preserved frozen potato suppliers to Ghana were the Netherlands ($X), Belgium ($X) and Denmark ($X), with a combined 45% share of total imports.

The Netherlands, with a CAGR of +61.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average preserved frozen potato import price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 17%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average 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 Denmark ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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