Ghana: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in Ghana

In 2022, the Ghanian wine of fresh grapes market increased by 8.9% to $X, rising for the fourth consecutive year after two years of decline. In general, consumption saw a moderate increase. Wine of fresh grapes consumption peaked in 2022 and is likely to continue growth in the near future.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from Ghana

In 2022, exports of wine of fresh grapes (except sparkling wine) from Ghana contracted significantly to X litres, declining by -53.5% against the year before. Overall, exports showed a deep reduction. The growth pace was the most rapid in 2015 with an increase of 924%. As a result, the exports attained the peak of X litres. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, wine of fresh grapes exports reduced markedly to $X in 2022. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by 737%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X litres) was the main destination for wine of fresh grapes exports from Ghana, with a 72% share of total exports. Moreover, wine of fresh grapes exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Togo (X litres), fourfold. The third position in this ranking was held by Nigeria (X litres), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cote d'Ivoire totaled +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (-18.6% per year) and Nigeria (+19.8% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for wine of fresh grapes (except sparkling wine) exports from Ghana, comprising 79% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 12% share of total exports. It was followed by Togo, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value to Cote d'Ivoire amounted to +37.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+22.7% per year) and Togo (-21.9% per year).

Export Prices by Country

In 2022, the average wine of fresh grapes export price amounted to $X per litre, rising by 8.5% against the previous year. Overall, the export price, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices hit record highs at $X per litre in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 Spain ($X per litre), while the average price for exports to Burkina Faso ($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 the United States (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports into Ghana

In 2022, the amount of wine of fresh grapes (except sparkling wine) imported into Ghana amounted to X litres, picking up by 13% compared with the year before. Overall, imports continue to indicate a measured expansion. The growth pace was the most rapid in 2014 when imports increased by 98%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, wine of fresh grapes imports rose slightly to $X in 2022. In general, imports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2014 with an increase of 83%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Togo (X litres), Spain (X litres) and South Africa (X litres) were the main suppliers of wine of fresh grapes imports to Ghana, with a combined 90% 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 Togo (with a CAGR of +61.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest wine of fresh grapes suppliers to Ghana were Togo ($X), Spain ($X) and South Africa ($X), together accounting for 79% of total imports.

Among the main suppliers, Togo, with a CAGR of +53.2%, recorded the highest growth rate of the value of imports, 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 wine of fresh grapes import price amounted to $X per litre, with a decrease of -7.8% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wine of fresh grapes import price decreased by -28.9% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 54%. Over the period under review, average import prices attained the maximum at $X per litre in 2018; however, from 2019 to 2022, import prices stood 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 South Africa ($X per litre), while the price for Togo ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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