Ghana: Grape Wine Spirits Market 2024

Grape Wine Spirits Market Size in Ghana

The Ghanian grape wine spirits market contracted to $X in 2022, dropping by -8.4% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Grape Wine Spirits Production in Ghana

In value terms, grape wine spirits production declined to $X in 2022 estimated in export price. In general, production showed a mild descent. The pace of growth was the most pronounced in 2019 with an increase of 39%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Grape Wine Spirits Exports

Exports from Ghana

In 2022, shipments abroad of spirits obtained from distilled grape wine or grape marc was finally on the rise to reach X litres for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 9,199% against the previous year. As a result, the exports attained the peak of X litres. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, grape wine spirits exports surged to $X in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 5,013%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Liberia (X litres) was the main destination for grape wine spirits exports from Ghana, with a 72% share of total exports. Moreover, grape wine spirits exports to Liberia exceeded the volume sent to the second major destination, Nigeria (X litres), sixfold. The third position in this ranking was held by Sierra Leone (X litres), with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Liberia amounted to +73.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+28.2% per year) and Sierra Leone (+57.1% per year).

In value terms, the largest markets for grape wine spirits exported from Ghana were Nigeria ($X), Liberia ($X) and Sierra Leone ($X), together accounting for 91% of total exports.

Liberia, with a CAGR of +76.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average grape wine spirits export price amounted to $X per litre, waning by -17.2% against the previous year. Over the period under review, the export price recorded a slight contraction. The pace of growth appeared the most rapid in 2021 an increase of 56% against the previous year. As a result, the export price reached the peak level of $X per litre, and then declined significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per litre), while the average price for exports to Liberia ($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 the UK (+150.9%), while the prices for the other major destinations experienced more modest paces of growth.

Grape Wine Spirits Imports

Imports into Ghana

After eight years of growth, supplies from abroad of spirits obtained from distilled grape wine or grape marc decreased by -12.7% to X litres in 2022. Overall, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 201%. Imports peaked at X litres in 2021, and then reduced in the following year.

In value terms, grape wine spirits imports plummeted to $X in 2022. In general, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2014 with an increase of 261% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then reduced remarkably in the following year.

Imports by Country

In 2022, India (X litres) constituted the largest supplier of grape wine spirits to Ghana, with a 45% share of total imports. Moreover, grape wine spirits imports from India exceeded the figures recorded by the second-largest supplier, France (X litres), twofold. The United Arab Emirates (X litres) ranked third in terms of total imports with a 2% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +28.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+12.4% per year) and the United Arab Emirates (+8.3% per year).

In value terms, France ($X) constituted the largest supplier of spirits obtained from distilled grape wine or grape marc to Ghana, comprising 43% of total imports. The second position in the ranking was taken by India ($X), with a 3.3% share of total imports. It was followed by Singapore, with a 0.9% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+9.3% per year) and Singapore (+26.8% per year).

Import Prices by Country

The average grape wine spirits import price stood at $X per litre in 2022, falling by -11.6% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grape wine spirits import price increased by +146.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 77%. The import price peaked at $X per litre in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 France ($X per litre), while the price for India ($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 (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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