Report Update Nov 1, 2024

Ghana - Fructose and Fructose Syrup - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Fructose Market 2024

Fructose Market Size in Ghana

The Ghanian fructose market surged to $X in 2021, rising by 78% 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 enjoyed a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Fructose Exports

Exports from Ghana

In 2021, overseas shipments of fructose and fructose syrup were finally on the rise to reach X tons after four years of decline. Over the period under review, exports, however, showed a dramatic curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by 82%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, fructose exports surged to $X in 2021. In general, exports, however, recorded a sharp downturn. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria (X tons) was the main destination for fructose exports from Ghana, with a 69% share of total exports. Moreover, fructose exports to Nigeria exceeded the volume sent to the second major destination, Burkina Faso (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nigeria stood at -61.8%.

In value terms, Nigeria ($X) emerged as the key foreign market for fructose and fructose syrup exports from Ghana, comprising 89% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Nigeria amounted to -29.6%.

Export Prices by Country

In 2021, the average fructose export price amounted to $X per ton, growing by 16% against the previous year. Overall, the export price saw significant growth. The growth pace was the most rapid in 2020 an increase of 170%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Burkina Faso totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+84.5%).

Fructose Imports

Imports into Ghana

In 2021, the amount of fructose and fructose syrup imported into Ghana soared to X tons, jumping by 82% compared with the year before. In general, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 121%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, fructose imports surged to $X in 2021. Overall, imports saw a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 112%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of fructose to Ghana, with a 84% share of total imports. Moreover, fructose imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was taken by Russia (X tons), with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.7% per year) and Russia (0.0% per year).

In value terms, Turkey ($X) constituted the largest supplier of fructose and fructose syrup to Ghana, comprising 61% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Russia, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +27.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.9% per year) and Russia (0.0% per year).

Import Prices by Country

The average fructose import price stood at $X per ton in 2021, dropping by -4.4% against the previous year. In general, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 a decrease of -0.3%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fructose and fructose syrup in the world?

The country with the largest volume of fructose consumption was China, accounting for 24% of total volume. Moreover, fructose consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with an 8.3% share.

What are the largest producers of fructose and fructose syrup in the world?

The countries with the highest volumes of fructose production in 2020 were China, the United States and India, together accounting for 49% of global production. Japan, Thailand, Hungary, Brazil, Indonesia, France, the UK, Turkey, Iran and Malaysia lagged somewhat behind, together accounting for a further 31%.

What are the leading suppliers of fructose and fructose syrup to Ghana?

In value terms, the largest fructose suppliers to Ghana were Turkey, China and Belgium, with a combined 92% share of total imports.

What are the leading importers of fructose and fructose syrup from Ghana?

In value terms, the largest markets for fructose exported from Ghana were Burkina Faso and Japan.

What is the average export price for fructose and fructose syrup in Ghana?

The average fructose export price stood at $4,464 per ton in 2020, rising by 147% against the previous year.

What is the average import price for fructose and fructose syrup in Ghana?

The average fructose import price stood at $213 per ton in 2020, reducing by -37.8% against the previous year.

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

Prodcom 10621320 - Chemically pure fructose in solid form, fructose and fructose syrup, containing in the dry state > .50 % of fructose, i soglucose excluding with added flavouring or colouring matter

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. TOP EXPORTING COUNTRIES
4. 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 VOLUME AND VALUE
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. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023