Ghana: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in Ghana

The Ghanian temporarily preserved vegetable market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, showed a abrupt contraction. Temporarily preserved vegetable consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Temporarily Preserved Vegetable Production in Ghana

In value terms, temporarily preserved vegetable production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 26,692,900%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Temporarily Preserved Vegetable Exports

Exports from Ghana

Temporarily preserved vegetable exports from Ghana contracted dramatically to X tons in 2022, shrinking by -18.5% compared with 2021. In general, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2015 with an increase of 5,337%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, temporarily preserved vegetable exports shrank to $X in 2022. Overall, exports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2015 with an increase of 5,059%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for temporarily preserved vegetable exports from Ghana, with a 62% share of total exports. Moreover, temporarily preserved vegetable exports to the UK exceeded the volume sent to the second major destination, Australia (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +75.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+87.6% per year) and Belgium (+98.3% per year).

In value terms, the largest markets for temporarily preserved vegetable exported from Ghana were Australia ($X), the UK ($X) and Belgium ($X), with a combined 99% share of total exports.

Australia, with a CAGR of +132.9%, 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 temporarily preserved vegetable export price amounted to $X per ton, picking up by 15% against the previous year. In general, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, temporarily preserved vegetable export price increased by +32.3% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 49%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Belgium ($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 Australia (+24.1%), while the prices for the other major destinations experienced mixed trend patterns.

Temporarily Preserved Vegetable Imports

Imports into Ghana

In 2022, supplies from abroad of vegetables (temporarily preserved) increased by 93% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 707% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, temporarily preserved vegetable imports surged to $X in 2022. Overall, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 761%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), the United Arab Emirates (X tons) and the UK (X tons) were the main suppliers of temporarily preserved vegetable imports to Ghana, with a combined 97% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +44.0%), while imports for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X), the United States ($X) and the UK ($X) were the largest temporarily preserved vegetable suppliers to Ghana, with a combined 97% share of total imports.

The United Arab Emirates, with a CAGR of +52.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average temporarily preserved vegetable import price amounted to $X per ton, shrinking by -12.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 52% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 the United Arab Emirates ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :