Report Update Jan 1, 2025

Ghana - Whisky - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Whisky Market 2025

Whisky Exports

Exports from Ghana

In 2022, overseas shipments of whisky increased by 370% to X litres for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, showed a precipitous contraction. The growth pace was the most rapid in 2017 when exports increased by 1,392%. As a result, the exports reached the peak of X litres. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, whisky exports surged to $X in 2022. In general, exports, however, continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2017 with an increase of 1,324% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X litres), Nigeria (X litres) and Togo (X litres) were the main destinations of whisky exports from Ghana, with a combined 77% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +31.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) remains the key foreign market for whisky exports from Ghana, comprising 47% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 19% share of total exports. It was followed by Burkina Faso, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Cote d'Ivoire amounted to +35.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+1.2% per year) and Burkina Faso (-33.2% per year).

Export Prices by Country

In 2022, the average whisky export price amounted to $X per litre, falling by -14.6% against the previous year. Over the period under review, the export price, however, saw a modest expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 52%. As a result, the export price reached the peak level of $X per litre. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per litre), while the average price for exports to Benin ($X per litre) 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 (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Whisky Imports

Imports into Ghana

In 2022, supplies from abroad of whisky decreased by -10.8% to X litres for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 205%. Imports peaked at X litres in 2021, and then shrank in the following year.

In value terms, whisky imports reduced dramatically to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 107% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced sharply in the following year.

Imports by Country

In 2022, India (X litres) constituted the largest whisky supplier to Ghana, with a 72% share of total imports. Moreover, whisky imports from India exceeded the figures recorded by the second-largest supplier, the UK (X litres), sixfold. France (X litres) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+9.4% per year) and France (+4.1% per year).

In value terms, the largest whisky suppliers to Ghana were India ($X), the UK ($X) and France ($X), with a combined 81% share of total imports. These countries were followed by the United Arab Emirates, Cameroon and Mauritius, which together accounted for a further 8.6%.

Mauritius, with a CAGR of +61.3%, 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 whisky import price amounted to $X per litre, dropping by -6% against the previous year. Overall, the import price recorded a noticeable contraction. The pace of growth appeared the most rapid in 2016 an increase of 28%. The import price peaked at $X per litre in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for whisky in the world?

The countries with the highest volumes of in 2021 were the United States, India and Japan, together comprising 29% of global consumption. These countries were followed by Indonesia, Canada, France, the UK, Russia, Pakistan, Bangladesh, Brazil, Iran and Thailand, which together accounted for a further 34%.

What are the largest producers of whisky in the world?

The UK remains the largest whisky producing country worldwide, comprising approx. 40% of total volume. Moreover, whisky production in the UK exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 10% share.

What are the leading suppliers of whisky to Ghana?

In value terms, the largest whisky suppliers to Ghana were India, the UK and France, together accounting for 89% of total imports.

What are the leading importers of whisky from Ghana?

In value terms, Cote d'Ivoire emerged as the key foreign market for whisky exports from Ghana, comprising 53% of total exports. The second position in the ranking was occupied by Nigeria, with a 20% share of total exports. It was followed by Burkina Faso, with a 5.6% share.

What is the average export price for whisky in Ghana?

The average whisky export price stood at $3.7 per litre in 2021, declining by -5.4% against the previous year.

What is the average import price for whisky in Ghana?

In 2021, the average whisky import price amounted to $2.1 per litre, shrinking by -8.8% against the previous year.

This report provides an in-depth analysis of the whisky 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 11011030 - Whisky (important: excluding alcohol duty)

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024