Report Update Nov 1, 2024

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

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Ghana: Wine Market 2024

Wine Market Size in Ghana

In 2021, the Ghanian wine market increased by 155% to $X, rising for the fourth consecutive year after three years of decline. Over the period under review, consumption showed a notable expansion. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Wine Exports

Exports from Ghana

In 2021, shipments abroad of wine decreased by -81.9% to X litres, falling for the fourth year in a row after two years of growth. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 3,423% against the previous year. Over the period under review, the exports reached the maximum at X litres in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, wine exports reduced sharply to $X in 2021. In general, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2013 when exports increased by 227%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X litres), Togo (X litres) and Nigeria (X litres) were the main destinations of wine exports from Ghana, with a combined 100% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +96.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) remains the key foreign market for wine exports from Ghana, comprising 73% of total exports. The second position in the ranking was taken by Togo ($X), with a 15% share of total exports. It was followed by Nigeria, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Cote d'Ivoire stood at +18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+8.7% per year) and Nigeria (+117.9% per year).

Export Prices by Country

In 2021, the average wine export price amounted to $X per litre, declining by -6.8% against the previous year. In general, the export price recorded a dramatic contraction. The pace of growth was the most pronounced in 2020 an increase of 67% against the previous year. The export price peaked at $X per litre in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per litre), while the average price for exports to Togo ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+10.9%), while the prices for the other major destinations experienced a decline.

Wine Imports

Imports into Ghana

For the third year in a row, Ghana recorded growth in purchases abroad of wine, which increased by 87% to X litres in 2021. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wine imports surged to $X in 2021. Overall, imports continue to indicate a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X litres), Togo (X litres) and South Africa (X litres) were the main suppliers of wine imports to Ghana, together accounting for 57% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Togo (with a CAGR of +49.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest wine suppliers to Ghana were Spain ($X), Togo ($X) and France ($X), with a combined 45% share of total imports.

In terms of the main suppliers, Togo, with a CAGR of +43.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average wine import price amounted to $X per litre, with a decrease of -8.7% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wine import price decreased by -34.8% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 55% against the previous year. Over the period under review, average import prices attained the peak figure at $X per litre in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+16.9%), 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 wine in the world?

The countries with the highest volumes of in 2021 were the United States, France and Italy, with a combined 39% share of global consumption.

What are the largest producers of wine in the world?

The countries with the highest volumes of in 2021 were Italy, France and the United States, together comprising 46% of global production.

What are the leading suppliers of wine to Ghana?

In value terms, Spain, France and Togo appeared to be the largest wine suppliers to Ghana, with a combined 81% share of total imports.

What are the leading importers of wine from Ghana?

In value terms, Togo remains the key foreign market for wine exports from Ghana, comprising 94% of total exports. The second position in the ranking was occupied by Burkina Faso, with a 4.9% share of total exports.

What is the average export price for wine in Ghana?

The average wine export price stood at $0.4 per litre in 2021, remaining constant against the previous year.

What is the average import price for wine in Ghana?

In 2021, the average wine import price amounted to $1.5 per litre, reducing by -7.5% against the previous year.

This report provides an in-depth analysis of the wine 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:

FCL 564 - Wine

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