Report Update Nov 1, 2024

Ghana - Waffles and Wafers Without Chocolate - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in Ghana

In 2021, the Ghanian waffle and wafer market increased by 306% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption continues to indicate a modest expansion. Waffle and wafer consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Waffle And Wafer Exports

Exports from Ghana

Waffle and wafer exports from Ghana soared to X tons in 2021, picking up by 28% against the previous year. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 373% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, waffle and wafer exports skyrocketed to $X in 2021. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2014 with an increase of 347%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Niger (X tons) was the main destination for waffle and wafer exports from Ghana, with a 71% share of total exports. Moreover, waffle and wafer exports to Niger exceeded the volume sent to the second major destination, Mali (X tons), threefold. Cote d'Ivoire (X kg) ranked third in terms of total exports with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Niger stood at +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (+57.2% per year) and Cote d'Ivoire (+4.1% per year).

In value terms, Mali ($X), Niger ($X) and Cote d'Ivoire ($X) were the largest markets for waffle and wafer exported from Ghana worldwide, with a combined 97% share of total exports.

Among the main countries of destination, Mali, with a CAGR of +55.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average waffle and wafer export price amounted to $X per ton, declining by -1.6% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 23% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Mali ($X per ton), while the average price for exports to Benin ($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 Mali (-1.0%), while the prices for the other major destinations experienced a decline.

Waffle And Wafer Imports

Imports into Ghana

In 2021, purchases abroad of waffles and wafers was finally on the rise to reach X tons after three years of decline. Over the period under review, imports posted a temperate increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, waffle and wafer imports skyrocketed to $X in 2021. Overall, imports recorded a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest waffle and wafer supplier to Ghana, with a 39% share of total imports. Moreover, waffle and wafer imports from Thailand exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold. Malaysia (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand stood at -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+26.4% per year) and Malaysia (+8.3% per year).

In value terms, Thailand ($X) constituted the largest supplier of waffles and wafers to Ghana, comprising 37% of total imports. The second position in the ranking was held by Turkey ($X), with a 7.9% share of total imports. It was followed by Malaysia, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand totaled -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+20.6% per year) and Malaysia (+7.4% per year).

Import Prices by Country

The average waffle and wafer import price stood at $X per ton in 2021, flattening at the previous year. Overall, the import price recorded a slight setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by 24%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per ton), while the price for China ($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 (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for waffles and wafers in the world?

The U.S. constituted the country with the largest volume of waffle and wafer consumption, accounting for 43% of total volume. Moreover, waffle and wafer consumption in the U.S. exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was occupied by India, with a 5.8% share.

What are the largest producers of waffles and wafers in the world?

The U.S. constituted the country with the largest volume of waffle and wafer production, comprising approx. 41% of total volume. Moreover, waffle and wafer production in the U.S. exceeded the figures recorded by the second-largest producer, China, threefold. India ranked third in terms of total production with a 5.8% share.

What are the leading suppliers of waffles and wafers to Ghana?

In value terms, Thailand constituted the largest supplier of waffle and wafer to Ghana, comprising 55% of total imports. The second position in the ranking was occupied by Malaysia, with a 9.5% share of total imports. It was followed by Turkey, with a 8.8% share.

What are the leading importers of waffles and wafers from Ghana?

In value terms, Niger remains the key foreign market for waffle and wafer exports from Ghana, comprising 93% of total exports. The second position in the ranking was occupied by Benin, with a 3% share of total exports. It was followed by Burkina Faso, with a 2% share.

What is the average export price for waffles and wafers in Ghana?

In 2020, the average waffle and wafer export price amounted to $2,194 per ton, increasing by 8.5% against the previous year.

What is the average import price for waffles and wafers in Ghana?

In 2020, the average waffle and wafer import price amounted to $2,236 per ton, which is down by -13% against the previous year.

This report provides an in-depth analysis of the waffle and wafer 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 10721259 - Waffles and wafers (including salted) (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