Ghana: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Ghana

The Ghanian mineral or aerated water market dropped to $X in 2022, falling by -6% against the previous year. In general, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -16.3% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Mineral or Aerated Waters in Ghana

In value terms, mineral or aerated water production fell to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 48%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Mineral or Aerated Waters

Exports from Ghana

After three years of growth, overseas shipments of mineral or aerated waters decreased by -20.2% to X tons in 2022. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 336%. The exports peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, mineral or aerated water exports rose markedly to $X in 2022. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2015 with an increase of 226%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for mineral or aerated water exports from Ghana, with a 76% share of total exports. Moreover, mineral or aerated water exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Togo (X tons), tenfold. The third position in this ranking was taken by Benin (X kg), with less than 0.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cote d'Ivoire totaled +77.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+71.1% per year) and Benin (-6.6% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for mineral or aerated waters exports from Ghana, comprising 73% of total exports. The second position in the ranking was held by Togo ($X), with a 24% share of total exports. It was followed by Burkina Faso, with a 0.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cote d'Ivoire totaled +60.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+85.2% per year) and Burkina Faso (-27.3% per year).

Export Prices by Country

In 2022, the average mineral or aerated water export price amounted to $X per ton, growing by 41% against the previous year. In general, the export price, however, saw a abrupt decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Benin (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mineral or Aerated Waters

Imports into Ghana

In 2022, approx. X tons of mineral or aerated waters were imported into Ghana; waning by -24.5% on the previous year's figure. Overall, imports, however, posted a prominent increase. The growth pace was the most rapid in 2019 with an increase of 125%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, mineral or aerated water imports plummeted to $X in 2022. Over the period under review, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 98% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest mineral or aerated water supplier to Ghana, with a 31% share of total imports. Moreover, mineral or aerated water imports from Italy exceeded the figures recorded by the second-largest supplier, Morocco (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (+13.8% per year) and the Netherlands (+83.8% per year).

In value terms, Italy ($X) constituted the largest supplier of mineral or aerated waters to Ghana, comprising 41% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 8.3% share of total imports. It was followed by Lebanon, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled +27.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+76.3% per year) and Lebanon (+12.2% per year).

Import Prices by Country

In 2022, the average mineral or aerated water import price amounted to $X per ton, surging by 4.3% against the previous year. Over the period under review, the import price, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2020 an increase of 52%. The import price peaked at $X per ton in 2012; however, from 2013 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 ($X per ton), while the price for Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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