Report Update Nov 1, 2024

Ghana - Sparkling Wine - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Sparkling Wine Market 2024

Sparkling Wine Exports

Exports from Ghana

After three years of decline, shipments abroad of sparkling wine increased by 520% to X litres in 2022. In general, exports, however, continue to indicate a deep downturn. The exports peaked at X litres in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, sparkling wine exports soared to $X in 2022. Overall, exports, however, showed a abrupt shrinkage. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X litres) was the main destination for sparkling wine exports from Ghana, accounting for a 85% share of total exports. Moreover, sparkling wine exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Togo (X litres), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Cote d'Ivoire totaled -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (-18.3% per year) and Burkina Faso (-27.6% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for sparkling wine exports from Ghana, comprising 95% of total exports. The second position in the ranking was taken by Togo ($X), with a 3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Cote d'Ivoire totaled -10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (-30.5% per year) and Burkina Faso (-43.7% per year).

Export Prices by Country

In 2022, the average sparkling wine export price amounted to $X per litre, with a decrease of -33.7% against the previous year. Over the period under review, the export price continues to indicate a deep slump. The pace of growth was the most pronounced in 2021 an increase of 46% against the previous year. The export price peaked at $X per litre in 2012; however, from 2013 to 2022, the export prices remained at a 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 Cote d'Ivoire ($X per litre), while the average price for exports to Burkina Faso ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-5.2%), while the prices for the other major destinations experienced a decline.

Sparkling Wine Imports

Imports into Ghana

After seven years of growth, overseas purchases of sparkling wine decreased by -22.2% to X litres in 2022. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 505% against the previous year. Over the period under review, imports hit record highs at X litres in 2021, and then declined sharply in the following year.

In value terms, sparkling wine imports reduced markedly to $X in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 546% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

In 2022, France (X litres) constituted the largest sparkling wine supplier to Ghana, with a 35% share of total imports. Moreover, sparkling wine imports from France exceeded the figures recorded by the second-largest supplier, Bulgaria (X litres), sixfold. Ukraine (X litres) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to +37.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+54.9% per year) and Ukraine (+51.1% per year).

In value terms, France ($X) constituted the largest supplier of sparkling wine to Ghana, comprising 42% of total imports. The second position in the ranking was held by Belgium ($X), with a 4.9% share of total imports. It was followed by the Netherlands, with a 2.1% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +44.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+5.1% per year) and the Netherlands (+90.2% per year).

Import Prices by Country

The average sparkling wine import price stood at $X per litre in 2022, remaining stable against the previous year. Over the period under review, the import price, however, posted measured growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 167%. As a result, import price attained the peak level of $X per litre. From 2015 to 2022, the average 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 Belgium ($X per litre), while the price for Bulgaria ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sparkling wine in the world?

The countries with the highest volumes of sparkling wine consumption in 2021 were the United States, India and the UK, with a combined 44% share of global consumption.

What are the largest producers of sparkling wine in the world?

Italy constituted the country with the largest volume of sparkling wine production, comprising approx. 29% of total volume. Moreover, sparkling wine production in Italy exceeded the figures recorded by the second-largest producer, France, twofold. The third position in this ranking was occupied by India, with a 14% share.

What are the leading suppliers of sparkling wine to Ghana?

In value terms, France constituted the largest supplier of sparkling wine to Ghana, comprising 59% of total imports. The second position in the ranking was occupied by Belgium, with a 12% share of total imports. It was followed by the Netherlands, with an 8.4% share.

What are the leading importers of sparkling wine from Ghana?

In value terms, Burkina Faso remains the key foreign market for sparkling wine exports from Ghana, comprising 84% of total exports. The second position in the ranking was occupied by Cote d'Ivoire, with a 14% share of total exports.

What is the average export price for sparkling wine in Ghana?

The average sparkling wine export price stood at $1.6 per litre in 2021, picking up by 5.5% against the previous year.

What is the average import price for sparkling wine in Ghana?

The average sparkling wine import price stood at $9.9 per litre in 2021, leveling off at the previous year.

This report provides an in-depth analysis of the sparkling wine market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 11021130 - Champagne (important: excluding alcohol duty)
Prodcom 11021190 - Sparkling wine from fresh grapes (excluding champagne, a lcohol duty)

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023