Price for Frozen Concentrated Orange Juice in Ghana - 2022
Contents:
- Price for Frozen Concentrated Orange Juice in Ghana (CIF) - 2022
- Price for Frozen Concentrated Orange Juice in Ghana (FOB) - 2022
- Imports of Frozen Concentrated Orange Juice in Ghana
- Exports of Frozen Concentrated Orange Juice in Ghana
Price for Frozen Concentrated Orange Juice in Ghana (CIF) - 2022
In 2022, the average frozen concentrated orange juice import price amounted to $1,285 per ton, which is down by -6.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2014 when the average import price increased by 44%. Over the period under review, average import prices hit record highs at $1,832 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 the United States ($3,435 per ton), while the price for Togo ($331 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Concentrated Orange Juice in Ghana (FOB) - 2022
The average frozen concentrated orange juice export price stood at $883 per ton in 2022, dropping by -25.3% against the previous year. Over the period under review, the export price showed a pronounced decline. The pace of growth appeared the most rapid in 2020 an increase of 47%. Over the period under review, the average export prices reached the maximum at $1,609 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($4,288 per ton), while the average price for exports to Burkina Faso ($117 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 (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Concentrated Orange Juice in Ghana
In 2022, the amount of frozen concentrated orange juice imported into Ghana soared to 490 tons, increasing by 18% against the year before. In general, imports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 102%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, frozen concentrated orange juice imports expanded notably to $629K in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 59% against the previous year. As a result, imports attained the peak of $689K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Frozen Concentrated Orange Juice in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 54.1 | 122 | 104 | 108 | 25.9% |
| United States | 34.5 | 106 | 90.2 | 94.3 | 39.8% |
| Brazil | 47.9 | 31.3 | 66.3 | 69.3 | 13.1% |
| South Africa | 63.3 | 42.3 | 49.1 | 64.8 | 0.8% |
| Lebanon | 11.7 | 95.4 | 17.6 | 34.7 | 43.7% |
| Egypt | 13.0 | 19.8 | 18.2 | 20.6 | 16.6% |
| United Kingdom | 12.5 | 18.4 | 16.4 | 18.0 | 12.9% |
| Spain | 47.8 | 25.0 | 7.9 | 1.1 | -71.6% |
| Others | 148 | 229 | 201 | 218 | 13.8% |
| Total | 433 | 689 | 570 | 629 | 13.3% |
Top Suppliers of Frozen Concentrated Orange Juice to Ghana in 2022:
- Brazil (128.8 tons)
- Nigeria (95.9 tons)
- South Africa (57.6 tons)
- United Kingdom (41.6 tons)
- Lebanon (30.4 tons)
- United States (27.4 tons)
- Egypt (23.5 tons)
- Spain (1.9 tons)
Exports of Frozen Concentrated Orange Juice in Ghana
In 2022, the amount of frozen concentrated orange juice exported from Ghana soared to 484 tons, with an increase of 219% on 2021 figures. Overall, exports continue to indicate a modest increase.
In value terms, frozen concentrated orange juice exports surged to $427K in 2022. Over the period under review, exports showed a relatively flat trend pattern.
| Export of Frozen Concentrated Orange Juice in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 175 | 402 | 107 | 230 | 9.5% |
| Togo | 13.4 | 13.1 | 0.8 | 71.5 | 74.7% |
| Spain | 8.3 | 51.6 | 19.3 | 34.9 | 61.4% |
| Netherlands | 44.3 | 73.8 | 14.2 | 22.1 | -20.7% |
| Burkina Faso | 60.5 | 19.2 | 2.4 | 19.3 | -31.7% |
| Cote d'Ivoire | 12.1 | 27.7 | 7.4 | 15.9 | 9.5% |
| Germany | 21.1 | 40.1 | 8.8 | 15.7 | -9.4% |
| Others | 90.8 | 47.9 | 19.9 | 18.0 | -41.7% |
| Total | 425 | 675 | 179 | 427 | 0.2% |
Top Export Markets for Frozen Concentrated Orange Juice from Ghana in 2022:
- Burkina Faso (164.5 tons)
- Togo (160.6 tons)
- United States (77.3 tons)
- Cote d'Ivoire (42.4 tons)
- Spain (14.9 tons)
- Netherlands (6.8 tons)
- Germany (4.9 tons)
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