Ghana: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in Ghana

The Ghanian pineapple juice (single strength) market expanded significantly to $X in 2021, picking up by 7% against the previous year. Over the period under review, consumption enjoyed a strong expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Production of Pineapple Juice (Single Strength) in Ghana

In value terms, pineapple juice (single strength) production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, posted strong growth. The growth pace was the most rapid in 2019 with an increase of 128% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then shrank in the following year.

Exports of Pineapple Juice (Single Strength)

Exports from Ghana

In 2021, shipments abroad of pineapple juice (single strength) was finally on the rise to reach X tons after three years of decline. Overall, exports, however, recorded a precipitous decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 8,478% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, pineapple juice (single strength) exports surged to $X in 2021. In general, exports, however, saw a precipitous decline. The pace of growth was the most pronounced in 2016 when exports increased by 4,350% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Switzerland (X tons), Burkina Faso (X tons) and Egypt (X tons) were the main destinations of pineapple juice (single strength) exports from Ghana, with a combined 98% share of total exports. These countries were followed by Benin, which accounted for a further 2%.

From 2012 to 2021, the biggest increases were recorded for Benin (with a CAGR of +47.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) remains the key foreign market for pineapple juice (single strength) exports from Ghana, comprising 80% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a 12% share of total exports. It was followed by Egypt, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Switzerland stood at +36.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+42.2% per year) and Egypt (0.0% per year).

Export Prices by Country

In 2021, the average pineapple juice (single strength) export price amounted to $X per ton, picking up by 19% against the previous year. In general, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2019 an increase of 247%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+3.6%), while the prices for the other major destinations experienced a decline.

Imports of Pineapple Juice (Single Strength)

Imports into Ghana

For the third year in a row, Ghana recorded growth in supplies from abroad of pineapple juice (single strength), which increased by 232% to X tons in 2021. Overall, imports, however, showed a slight setback. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, pineapple juice (single strength) imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a noticeable slump. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Burkina Faso (X tons) constituted the largest pineapple juice (single strength) supplier to Ghana, accounting for a 71% share of total imports. Moreover, pineapple juice (single strength) imports from Burkina Faso exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), sixfold. Cyprus (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Burkina Faso was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+105.4% per year) and Cyprus (-2.5% per year).

In value terms, Burkina Faso ($X) constituted the largest supplier of pineapple juice (single strength) to Ghana, comprising 43% of total imports. The second position in the ranking was held by Vietnam ($X), with a 16% share of total imports. It was followed by Cyprus, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Burkina Faso was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+93.0% per year) and Cyprus (-4.2% per year).

Import Prices by Country

In 2021, the average pineapple juice (single strength) import price amounted to $X per ton, dropping by -26.4% against the previous year. Overall, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2020 an increase of 20%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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