Ghana: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Ghana

The Ghanian spirits and liqueurs market contracted to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Spirits And Liqueurs Production in Ghana

In value terms, spirits and liqueurs production contracted modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Spirits And Liqueurs Exports

Exports from Ghana

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were exported from Ghana; with a decrease of X% on 2021. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at X litres in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, spirits and liqueurs exports declined sharply to $X in 2022. Over the period under review, exports recorded a significant decline. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Togo (X litres) was the main destination for spirits and liqueurs exports from Ghana, accounting for a X% share of total exports. Moreover, spirits and liqueurs exports to Togo exceeded the volume sent to the second major destination, Nigeria (X litres), fourfold. Cote d'Ivoire (X litres) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Togo was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Cote d'Ivoire (X% per year).

In value terms, Nigeria ($X), Cote d'Ivoire ($X) and Togo ($X) constituted the largest markets for spirits and liqueurs exported from Ghana worldwide, together comprising X% of total exports. Liberia, Burkina Faso, Sierra Leone, Spain and Benin lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Liberia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average spirits and liqueurs export price stood at $X per litre in 2022, with a decrease of X% against the previous year. Overall, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per litre 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per litre), while the average price for exports to Togo ($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 Liberia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into Ghana

After two years of growth, supplies from abroad of spirits, liqueurs and other spirituous beverages decreased by X% to X litres in 2022. In general, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X litres in 2021, and then contracted significantly in the following year.

In value terms, spirits and liqueurs imports shrank to $X in 2022. Overall, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, India (X litres) constituted the largest supplier of spirits and liqueurs to Ghana, with a X% share of total imports. Moreover, spirits and liqueurs imports from India exceeded the figures recorded by the second-largest supplier, Belgium (X litres), twofold. France (X litres) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and France (X% per year).

In value terms, the largest spirits and liqueurs suppliers to Ghana were France ($X), India ($X) and the UK ($X), together accounting for X% of total imports. Belgium, the Netherlands, Germany, Poland, Ireland, Cameroon and South Africa lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spirits and liqueurs import price stood at $X per litre in 2022, surging by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per litre in 2013; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform

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