Ghana: Fruit Flour Market 2024

Fruit Flour Market Size in Ghana

The Ghanian fruit flour market rose notably to $X in 2022, increasing by 5.7% against the previous year. Over the period under review, consumption recorded a strong expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Fruit Flour Production in Ghana

In value terms, fruit flour production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 98%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Fruit Flour Exports

Exports from Ghana

In 2022, approx. X tons of fruit flour were exported from Ghana; which is down by -13.7% compared with 2021 figures. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 1,370%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, fruit flour exports fell remarkably to $X in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 783%. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined sharply in the following year.

Exports by Country

The UK (X tons), Germany (X tons) and the United States (X tons) were the main destinations of fruit flour exports from Ghana, with a combined 81% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +84.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for fruit flour exports from Ghana, comprising 33% of total exports. The second position in the ranking was held by the UK ($X), with a 16% share of total exports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +48.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+28.1% per year) and Germany (+67.5% per year).

Export Prices by Country

In 2022, the average fruit flour export price amounted to $X per ton, falling by -9.8% against the previous year. Over the period under review, the export price, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 89%. The export price peaked at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($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 the United States (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Fruit Flour Imports

Imports into Ghana

In 2022, the amount of fruit flour imported into Ghana soared to X tons, jumping by 60% on 2021 figures. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 572% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, fruit flour imports skyrocketed to $X in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 679% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest fruit flour supplier to Ghana, accounting for a 90% share of total imports. Moreover, fruit flour imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +49.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+4.4% per year) and Italy (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of fruit flour to Ghana, comprising 91% of total imports. The second position in the ranking was held by India ($X), with a 5.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +52.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+9.1% per year) and Italy (0.0% per year).

Import Prices by Country

In 2022, the average fruit flour import price amounted to $X per ton, dropping by -9.1% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fruit flour import price increased by +76.0% against 2015 indices. The pace of growth appeared the most rapid in 2017 an increase of 23%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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