Ghana: Sugar Cane Market 2022

Sugar Cane Market Size in Ghana

In 2021, after three years of growth, there was decline in the Ghanian sugar cane market, when its value decreased by less than X% to $X. In general, consumption, however, continues to indicate a prominent expansion. Sugar cane consumption peaked at $X in 2020, and then declined in the following year.

Sugar Cane Production in Ghana

In value terms, sugar cane production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped modestly in the following year.

The average yield of sugar cane in Ghana shrank slightly to X tons per ha in 2021, approximately equating the previous year's figure. In general, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of less than X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2014 to 2021, the growth of the average sugar cane yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of sugar cane were harvested in Ghana; standing approx. at the previous year's figure. In general, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the harvested area increased by less than X%. Over the period under review, the harvested area dedicated to sugar cane production reached the peak figure in 2021 and is likely to see gradual growth in years to come.

Sugar Cane Exports

Exports from Ghana

In 2021, sugar cane exports from Ghana rose markedly to X kg, with an increase of X% on the previous year. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of X kg. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, sugar cane exports skyrocketed to $X in 2021. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X kg) was the main destination for sugar cane exports from Ghana, with a X% share of total exports. Moreover, sugar cane exports to the UK exceeded the volume sent to the second major destination, Germany (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and Belgium (+X% per year).

In value terms, Germany ($X) remains the key foreign market for sugar cane exports from Ghana, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+X% per year) and the UK (+X% per year).

Export Prices by Country

The average sugar cane export price stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Cane Imports

Imports into Ghana

In 2021, supplies from abroad of sugar cane decreased by -X% to less than X kg, falling for the second year in a row after eight years of growth. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, sugar cane imports reduced notably to less than $X in 2021. In general, imports, however, saw a significant expansion. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then dropped notably in the following year.

Imports by Country

In 2020, Luxembourg (X kg) was the main supplier of sugar cane to Ghana, with a approx. X% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of volume from Luxembourg was relatively modest.

In value terms, Luxembourg ($X) constituted the largest supplier of sugar cane to Ghana.

From 2012 to 2020, the average annual growth rate of value from Luxembourg was relatively modest.

Import Prices by Country

In 2020, the average sugar cane import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, recorded a deep setback. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2020, import prices failed to regain momentum.

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

From 2012 to 2020, the rate of growth in terms of prices for Luxembourg amounted to X% per year.

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