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Report Ghana - Sweet Biscuits, Waffles and Wafers - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Ghana - Sweet Biscuits, Waffles and Wafers - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Ghana

In 2021, the Ghanian market for sweet biscuits, waffles and wafers increased by 61% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, saw a abrupt curtailment. Sweet biscuit, waffle and wafer consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from Ghana

In 2021, shipments abroad of sweet biscuits, waffles and wafers increased by 42% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 88% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, sweet biscuit, waffle and wafer exports skyrocketed to $X in 2021. Overall, exports showed slight growth. The pace of growth appeared the most rapid in 2014 when exports increased by 85%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Togo (X tons), Burkina Faso (X tons) and Cote d'Ivoire (X tons) were the main destinations of sweet biscuit, waffle and wafer exports from Ghana, together accounting for 80% of total exports.

From 2012 to 2021, the biggest increases were recorded for Togo (with a CAGR of +63.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Togo ($X), Burkina Faso ($X) and Cote d'Ivoire ($X) appeared to be the largest markets for sweet biscuit, waffle and wafer exported from Ghana worldwide, together accounting for 66% of total exports.

Togo, with a CAGR of +69.1%, 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 2021, the average export price for sweet biscuits, waffles and wafers amounted to $X per ton, rising by 3.4% against the previous year. Overall, the export price, however, saw a deep downturn. The pace of growth was the most pronounced in 2018 an increase of 11%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Ghana

In 2021, supplies from abroad of sweet biscuits, waffles and wafers was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, continue to indicate a deep slump. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, sweet biscuit, waffle and wafer imports surged to $X in 2021. In general, imports, however, showed a perceptible downturn. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Morocco (X tons) and Thailand (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to Ghana, with a combined 49% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Morocco (with a CAGR of +50.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), the UK ($X) and Thailand ($X) were the largest sweet biscuit, waffle and wafer suppliers to Ghana, with a combined 49% share of total imports. These countries were followed by India, Turkey, Nigeria, Kazakhstan, China, Morocco, Malaysia, Indonesia, Argentina and Belgium, which together accounted for a further 38%.

Among the main suppliers, Morocco, with a CAGR of +39.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for sweet biscuits, waffles and wafers stood at $X per ton in 2021, rising by 4.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2019 an increase of 17%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of sweet biscuit, waffle and wafer consumption in 2020 were China, the U.S. and India, with a combined 45% share of global consumption. Japan, Russia, Indonesia, Brazil, Mexico, Pakistan, Bangladesh, Canada and Iran lagged somewhat behind, together comprising a further 26%.
The countries with the highest volumes of sweet biscuit, waffle and wafer production in 2020 were China, the U.S. and India, with a combined 43% share of global production. These countries were followed by Japan, Indonesia, Russia, Mexico, Brazil, Turkey, Pakistan, Canada, Bangladesh and Iran, which together accounted for a further 32%.
In value terms, the largest sweet biscuit, waffle and wafer suppliers to Ghana were the UK, Sri Lanka and India, together comprising 58% of total imports. These countries were followed by Thailand, China, Turkey, Malaysia, the U.S., Yemen, Bangladesh, Morocco and Togo, which together accounted for a further 25%.
In value terms, Niger, Mali and Togo appeared to be the largest markets for sweet biscuit, waffle and wafer exported from Ghana worldwide, together comprising 65% of total exports.
In 2020, the average export price for sweet biscuits, waffles and wafers amounted to $1,166 per ton, growing by 10% against the previous year.
In 2020, the average import price for sweet biscuits, waffles and wafers amounted to $1,778 per ton, reducing by -3.4% against the previous year.

This report provides an in-depth analysis of the market for sweet biscuit, waffle and wafer 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 10721253 - Sweet biscuits, waffles and wafers completely or partially coated or covered with chocolate or other preparations containing cocoa

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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