Ghana: Market for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades 2024

Market Size for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in Ghana

The Ghanian homogenised jam and marmalade market dropped to $X in 2022, waning by -5.7% against the previous year. The market value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Homogenised jam and marmalade consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in Ghana

In value terms, homogenised jam and marmalade production declined to $X in 2022 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.8% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 55% against the previous year. Homogenised jam and marmalade production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Exports from Ghana

In 2022, the amount of homogenised preparations of jams, fruit jellies and marmalades exported from Ghana shrank remarkably to X kg, with a decrease of -23.7% against the previous year's figure. In general, exports showed a dramatic downturn. The pace of growth was the most pronounced in 2015 when exports increased by 663%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, homogenised jam and marmalade exports surged to $X in 2022. Overall, exports showed a precipitous curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by 1,340% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria (X kg) was the main destination for homogenised jam and marmalade exports from Ghana, with a 86% share of total exports. Moreover, homogenised jam and marmalade exports to Nigeria exceeded the volume sent to the second major destination, Belgium (X kg), more than tenfold. The third position in this ranking was taken by the UK (X kg), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume to Nigeria totaled -46.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (0.0% per year) and the UK (0.0% per year).

In value terms, the largest markets for homogenised jam and marmalade exported from Ghana were Nigeria ($X), Belgium ($X) and the UK ($X), with a combined 71% share of total exports.

Among the main countries of destination, Belgium, with a CAGR of 0.0%, 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

The average homogenised jam and marmalade export price stood at $X per ton in 2022, rising by 138% against the previous year. Over the period under review, the export price continues to indicate significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Belgium ($X per ton), while the average price for exports to Nigeria ($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 Nigeria (+19.7%).

Imports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Imports into Ghana

In 2022, after three years of growth, there was significant decline in purchases abroad of homogenised preparations of jams, fruit jellies and marmalades, when their volume decreased by -27.7% to X tons. In general, imports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 268% against the previous year. Imports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, homogenised jam and marmalade imports reduced markedly to $X in 2022. Overall, imports, however, posted a noticeable expansion. The growth pace was the most rapid in 2021 with an increase of 165%. As a result, imports reached the peak of $X, and then dropped notably in the following year.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest homogenised jam and marmalade supplier to Ghana, accounting for a 87% share of total imports. Moreover, homogenised jam and marmalade imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Turkey (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia amounted to +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.6% per year) and Turkey (+1.4% per year).

In value terms, Malaysia ($X) constituted the largest supplier of homogenised preparations of jams, fruit jellies and marmalades to Ghana, comprising 53% of total imports. The second position in the ranking was held by Turkey ($X), with a 15% share of total imports. It was followed by the United States, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia amounted to +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+6.9% per year) and the United States (+6.8% per year).

Import Prices by Country

The average homogenised jam and marmalade import price stood at $X per ton in 2022, reducing by -4.7% against the previous year. In general, the import price recorded a mild downturn. The pace of growth was the most pronounced in 2018 an increase of 32% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 Thailand ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+41.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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