Ghana: Mushroom And Truffle Market 2025

Mushroom And Truffle Market Size in Ghana

The Ghanian mushroom and truffle market skyrocketed to $X in 2022, growing by 20% against the previous year. In general, consumption recorded a buoyant increase. Mushroom and truffle consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Mushroom And Truffle Production in Ghana

In value terms, mushroom and truffle production stood at $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume decreased by 99.9% against the previous year. Mushroom and truffle production peaked in 2022 and is expected to retain growth in years to come.

The average yield of mushrooms and truffles in Ghana totaled less than X kg per ha in 2022, stabilizing at the previous year's figure. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of mushrooms and truffles in Ghana totaled less than X ha, approximately mirroring the previous year. Over the period under review, the harvested area saw a relatively flat trend pattern.

Mushroom And Truffle Exports

Exports from Ghana

In 2022, shipments abroad of mushrooms and truffles increased by 12% to X kg, rising for the third year in a row after four years of decline. Over the period under review, exports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2014 with an increase of 438% against the previous year. The exports peaked at X kg in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, mushroom and truffle exports rose sharply to $X in 2022. In general, exports, however, continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2014 with an increase of 420%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X kg) was the main destination for mushroom and truffle exports from Ghana, accounting for a 65% share of total exports. Moreover, mushroom and truffle exports to Canada exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada totaled +70.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-15.9% per year) and Belgium (-18.1% per year).

In value terms, Canada ($X) emerged as the key foreign market for mushrooms and truffles exports from Ghana, comprising 78% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to +50.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-16.1% per year) and Belgium (-28.8% per year).

Export Prices by Country

In 2022, the average mushroom and truffle export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price posted resilient growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 105% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Belgium ($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 Cote d'Ivoire (-0.1%), while the prices for the other major destinations experienced a decline.

Mushroom And Truffle Imports

Imports into Ghana

For the third consecutive year, Ghana recorded growth in overseas purchases of mushrooms and truffles, which increased by 12% to X tons in 2022. Over the period under review, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2016 with an increase of 114% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, mushroom and truffle imports soared to $X in 2022. Overall, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 133% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest mushroom and truffle supplier to Ghana, accounting for a 57% share of total imports. Moreover, mushroom and truffle imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold. Italy (X tons) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +67.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+18.9% per year) and Italy (+20.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of mushrooms and truffles to Ghana, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Luxembourg, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at +31.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+47.9% per year) and Luxembourg (-8.6% per year).

Import Prices by Country

The average mushroom and truffle import price stood at $X per ton in 2022, increasing by 12% against the previous year. Overall, the import price, however, saw a noticeable slump. The pace of growth appeared the most rapid in 2013 an increase of 50%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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