Ghana: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Ghana

The Ghanian pasta and couscous market surged to $X in 2022, with an increase of 15% against the previous year. In general, consumption saw a noticeable increase. Pasta and couscous consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Pasta And Couscous Production in Ghana

In value terms, pasta and couscous production soared to $X in 2022 estimated in export price. Over the period under review, production saw a measured increase. The growth pace was the most rapid in 2018 when the production volume increased by 270%. Pasta and couscous production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Pasta And Couscous Exports

Exports from Ghana

Pasta and couscous exports from Ghana expanded to X tons in 2022, growing by 2.4% compared with 2021. Overall, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 95% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, pasta and couscous exports contracted to $X in 2022. In general, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2020 when exports increased by 134% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X tons), Burkina Faso (X tons) and Mali (X tons) were the main destinations of pasta and couscous exports from Ghana, with a combined 91% share of total exports. Ireland and Togo lagged somewhat behind, together comprising a further 7.1%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +74.3%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for stuffed pasta and couscous exports from Ghana, comprising 74% of total exports. The second position in the ranking was taken by Mali ($X), with a 9.6% share of total exports. It was followed by Ireland, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to +22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (+28.4% per year) and Ireland (+90.3% per year).

Export Prices by Country

In 2022, the average pasta and couscous export price amounted to $X per ton, waning by -8.8% against the previous year. Over the period under review, the export price, however, recorded a moderate expansion. The growth pace was the most rapid in 2013 an increase of 95% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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 the UK ($X per ton), while the average price for exports to Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Pasta And Couscous Imports

Imports into Ghana

In 2022, purchases abroad of stuffed pasta and couscous increased by 2.7% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 234%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, pasta and couscous imports skyrocketed to $X in 2022. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,113%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X tons) constituted the largest pasta and couscous supplier to Ghana, with a 62% share of total imports. Moreover, pasta and couscous imports from Nigeria exceeded the figures recorded by the second-largest supplier, Cote d'Ivoire (X tons), sevenfold. The third position in this ranking was taken by Malaysia (X tons), with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume from Nigeria totaled +49.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Cote d'Ivoire (-10.4% per year) and Malaysia (+11.5% per year).

In value terms, Nigeria ($X) constituted the largest supplier of stuffed pasta and couscous to Ghana, comprising 82% of total imports. The second position in the ranking was held by Turkey ($X), with a 3.4% share of total imports. It was followed by Cote d'Ivoire, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value from Nigeria stood at +55.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-9.0% per year) and Cote d'Ivoire (-11.3% per year).

Import Prices by Country

The average pasta and couscous import price stood at $X per ton in 2022, increasing by 183% against the previous year. Over the period under review, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 263% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

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 Nigeria ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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