Ghana: Ginger Market 2024

Ginger Market Size in Ghana

The Ghanian ginger market rose sharply to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption recorded a strong expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Ginger Production in Ghana

In value terms, ginger production totaled $X in 2022 estimated in export price. Overall, production saw a pronounced descent. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Ginger production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

The average yield of ginger in Ghana shrank slightly to X tons per ha in 2022, remaining relatively unchanged against the previous year. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2014 to 2022, the growth of the average ginger yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of ginger were harvested in Ghana; flattening at the year before. Overall, the harvested area showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the harvested area increased by X%. The ginger harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area remained at a lower figure.

Ginger Exports

Exports from Ghana

In 2022, the amount of ginger exported from Ghana skyrocketed to X tons, rising by X% on the year before. In general, exports recorded tangible growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, ginger exports contracted to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for ginger exports from Ghana, accounting for a X% share of total exports. Moreover, ginger exports to the UK exceeded the volume sent to the second major destination, Belgium (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and the United States (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Belgium (X% per year).

Export Prices by Country

The average ginger export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price saw a pronounced decline. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. 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 the United States ($X per ton), while the average price for exports to Burkina Faso ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ginger Imports

Imports into Ghana

In 2022, approx. X tons of ginger were imported into Ghana; picking up by X% on 2021. Over the period under review, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, ginger imports surged to $X in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main supplier of ginger to Ghana, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to X%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of ginger to Ghana.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled X%.

Import Prices by Country

In 2022, the average ginger import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to X% per year.

Source: IndexBox Platform

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