Ghana: Vegetable Market 2024

Vegetable Market Size in Ghana

The Ghanian vegetable market dropped modestly to $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Vegetable consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Vegetable Production in Ghana

In value terms, vegetable production shrank to $X in 2022 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Vegetable production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

In 2022, the average vegetable yield in Ghana amounted to X tons per ha, almost unchanged from 2021. Over the period under review, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the average vegetable yield reached the maximum level at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of vegetables production in Ghana reduced modestly to X ha, approximately reflecting the previous year. Overall, the harvested area, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. The vegetable harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area failed to regain momentum.

Vegetable Exports

Exports from Ghana

In 2022, shipments abroad of vegetables increased by X% to X tons, rising for the fourth consecutive year after four years of decline. Over the period under review, exports continue to indicate a modest increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, vegetable exports expanded slightly to $X in 2022. In general, exports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for vegetable exports from Ghana, with a X% share of total exports. Moreover, vegetable exports to Cote d'Ivoire exceeded the volume sent to the second major destination, the UK (X tons), fourfold. Burkina Faso (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Cote d'Ivoire totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Burkina Faso (X% per year).

In value terms, the UK ($X) remains the key foreign market for vegetables exports from Ghana, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average vegetable export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price recorded a pronounced descent. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 the Netherlands ($X per ton), while the average price for exports to Togo ($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 Burkina Faso (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Imports

Imports into Ghana

After three years of growth, supplies from abroad of vegetables decreased by X% to X tons in 2022. Over the period under review, imports, however, posted a notable increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2021, and then dropped in the following year.

In value terms, vegetable imports reduced to $X in 2022. Overall, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Niger (X tons) constituted the largest supplier of vegetable to Ghana, accounting for a X% share of total imports. Moreover, vegetable imports from Niger exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Niger stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the Netherlands (X% per year).

In value terms, Niger ($X), China ($X) and the Netherlands ($X) were the largest vegetable suppliers to Ghana, together accounting for X% of total imports. Cote d'Ivoire, Burkina Faso, Nigeria, Togo and Belgium lagged somewhat behind, together accounting for a further X%.

Nigeria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average vegetable import price amounted to $X per ton, with an increase of X% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained 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 China ($X per ton), while the price for Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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