Ghana: Cream Fresh Market 2024

Cream Fresh Market Size in Ghana

In 2022, the Ghanian cream fresh market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, recorded a perceptible contraction. Cream fresh consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Cream Fresh Production in Ghana

In value terms, cream fresh production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume decreased by X%. Over the period under review, production reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

Cream Fresh Exports

Exports from Ghana

In 2022, approx. X kg of cream fresh were exported from Ghana; which is down by X% against 2021. In general, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, cream fresh exports reduced sharply to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for cream fresh exports from Ghana, with a X% share of total exports. Moreover, cream fresh exports to the United Arab Emirates exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Nigeria (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for cream fresh exports from Ghana, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The average cream fresh export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

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 Nigeria ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cream Fresh Imports

Imports into Ghana

In 2022, purchases abroad of cream fresh was finally on the rise to reach X tons after four years of decline. In general, imports, however, saw a perceptible decline. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, cream fresh imports soared to $X in 2022. Overall, imports, however, continue to indicate a mild curtailment. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Oman (X tons) and Denmark (X tons) were the main suppliers of cream fresh imports to Ghana, together accounting for X% of total imports. Germany, the Netherlands and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cream fresh suppliers to Ghana were France ($X), Oman ($X) and Denmark ($X), together comprising X% of total imports. Germany, the Netherlands and Belgium lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Germany, with a CAGR of X%, saw the highest rates of growth with regard to 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 cream fresh import price amounted to $X per ton, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 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 France ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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