Ghana: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Ghana

After two years of growth, the Ghanian market for processed cheese (excluding grated or powdered) decreased by -X% to $X in 2020. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2020, consumption stood at a somewhat lower figure.

Production of Processed cheese (excluding grated or powdered) in Ghana

In value terms, production of processed cheese (excluding grated or powdered) contracted to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Production peaked at $X in 2019, and then fell in the following year.

Exports of Processed cheese (excluding grated or powdered)

Exports from Ghana

Exports of processed cheese (excluding grated or powdered) from Ghana was estimated at X kg in 2020, remaining relatively unchanged against 2019 figures. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, exports hit record highs at X tons in 2009; however, from 2010 to 2020, exports remained at a lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) totaled $X in 2020. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, exports reached the peak figure at $X in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Sierra Leone (X tons) was the main destination for exports of processed cheese (excluding grated or powdered) from Ghana, with a approx. X% share of total exports.

From 2007 to 2009, the average annual rate of growth in terms of volume to Sierra Leone was relatively modest.

From 2007 to 2009, the average annual rate of growth in terms of value to Sierra Leone was relatively modest.

Export Prices by Country

In 2009, the average export price for processed cheese (excluding grated or powdered) amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked in 2009 and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Sierra Leone.

From 2007 to 2009, the rate of growth in terms of prices for Sierra Leone amounted to X% per year.

Imports of Processed cheese (excluding grated or powdered)

Imports into Ghana

In 2020, after two years of growth, there was decline in purchases abroad of processed cheese (excluding grated or powdered), when their volume decreased by -X% to X tons. Overall, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Imports peaked at X tons in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

In value terms, imports of processed cheese (excluding grated or powdered) shrank slightly to $X in 2020. In general, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2010; however, from 2011 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, France (X tons) constituted the largest supplier of processed cheese (excluding grated or powdered) to Ghana, with a X% share of total imports. Moreover, imports of processed cheese (excluding grated or powdered) from France exceeded the figures recorded by the second-largest supplier, Morocco (X tons), threefold. Brazil (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from France totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (-X% per year) and Brazil (-X% per year).

In value terms, France ($X) constituted the largest supplier of processed cheese (excluding grated or powdered) to Ghana, comprising X% of total imports. The second position in the ranking was occupied by Morocco ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

From 2007 to 2020, the average annual growth rate of value from France totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (-X% per year) and Egypt (+X% per year).

Import Prices by Country

The average import price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, leveling off at the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% y-o-y. Over the period under review, average import prices reached the maximum at $X per ton in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Denmark ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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