Report Update Nov 1, 2024

Ghana - Sweet Biscuits Without Chocolate - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Ghana

In 2021, the Ghanian sweet biscuit market increased by 58% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, continues to indicate a drastic downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Sweet Biscuit Exports

Exports from Ghana

In 2021, after two years of decline, there was significant growth in shipments abroad of sweet biscuits, when their volume increased by 22% to X tons. Over the period under review, exports showed strong growth. The pace of growth was the most pronounced in 2014 when exports increased by 94%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, sweet biscuit exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 85%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Togo (X tons), Burkina Faso (X tons) and Cote d'Ivoire (X tons) were the main destinations of sweet biscuit exports from Ghana, together accounting for 85% of total exports.

From 2012 to 2021, the biggest increases were recorded for Togo (with a CAGR of +61.6%), 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) constituted the largest markets for sweet biscuit exported from Ghana worldwide, with a combined 68% share of total exports.

Togo, with a CAGR of +66.6%, saw the highest rates of growth with regard to the value of exports, among 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 sweet biscuit export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price, however, recorded a deep reduction. The pace of growth was the most pronounced in 2018 when the average export price increased by 14%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: 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 (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sweet Biscuit Imports

Imports into Ghana

In 2021, overseas purchases of sweet biscuits were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, recorded a abrupt descent. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, sweet biscuit imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a pronounced decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons), Morocco (X tons) and Turkey (X tons) were the main suppliers of sweet biscuit imports to Ghana, together comprising 51% 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 +50.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), the UK ($X) and Turkey ($X) were the largest sweet biscuit suppliers to Ghana, with a combined 54% share of total imports. These countries were followed by India, Kazakhstan, Nigeria, Morocco, China, Malaysia, Thailand, Yemen, Indonesia and Argentina, which together accounted for a further 29%.

Morocco, with a CAGR of +38.0%, saw the highest growth rate of 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

In 2021, the average sweet biscuit import price amounted to $X per ton, approximately equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2019 when the average import price increased by 25% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+14.7%), 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 sweet biscuits in the world?

The countries with the highest volumes of sweet biscuit consumption in 2020 were China, the U.S. and India, with a combined 43% share of global consumption. These countries were followed by Russia, Pakistan, Indonesia, Japan, Brazil, Mexico, Bangladesh, France, Italy and Iran, which together accounted for a further 29%.

What are the largest producers of sweet biscuits in the world?

The countries with the highest volumes of sweet biscuit production in 2020 were China, the U.S. and India, together comprising 41% of global production. Mexico, Russia, Indonesia, Pakistan, Brazil, Japan, Bangladesh, Canada, Italy and Spain lagged somewhat behind, together accounting for a further 31%.

What are the leading suppliers of sweet biscuits to Ghana?

In value terms, the UK, Sri Lanka and India constituted the largest sweet biscuit suppliers to Ghana, with a combined 65% share of total imports. These countries were followed by China, Thailand, Turkey, Malaysia, the U.S., Yemen, Bangladesh, Morocco and Togo, which together accounted for a further 19%.

What are the leading importers of sweet biscuits from Ghana?

In value terms, the largest markets for sweet biscuit exported from Ghana were Mali, Togo and Burkina Faso, together comprising 69% of total exports.

What is the average export price for sweet biscuits in Ghana?

The average sweet biscuit export price stood at $1,009 per ton in 2020, falling by -2.6% against the previous year.

What is the average import price for sweet biscuits in Ghana?

The average sweet biscuit import price stood at $1,737 per ton in 2020, approximately reflecting the previous year.

This report provides an in-depth analysis of the sweet biscuit 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 10721255 - Sweet biscuits (including sandwich biscuits, excluding those 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:

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