Ghana - Mixed Condiments, Sauses and Seasonings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Mixed Condiment, Sause and Seasoning in Ghana - 2022
Contents:
- Price for Mixed Condiment, Sause and Seasoning in Ghana (CIF) - 2022
- Price for Mixed Condiment, Sause and Seasoning in Ghana (FOB) - 2022
- Imports of Mixed Condiment, Sause and Seasoning in Ghana
- Exports of Mixed Condiment, Sause and Seasoning in Ghana
Price for Mixed Condiment, Sause and Seasoning in Ghana (CIF) - 2022
The average import price for mixed condiments, sauses and seasonings stood at $1,788 per ton in 2022, waning by -5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 13%. Over the period under review, average import prices attained the peak figure at $1,883 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($3,718 per ton), while the price for the United Arab Emirates ($1,033 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mixed Condiment, Sause and Seasoning in Ghana (FOB) - 2022
In 2022, the average export price for mixed condiments, sauses and seasonings amounted to $1,527 per ton, waning by -25% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average export price increased by 31% against the previous year. As a result, the export price attained the peak level of $2,146 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($4,625 per ton), while the average price for exports to the United Arab Emirates ($656 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 Burkina Faso (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mixed Condiment, Sause and Seasoning in Ghana
In 2022, purchases abroad of mixed condiments, sauses and seasonings decreased by -2.3% to 19K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 25%.
In value terms, mixed condiment, sause and seasoning imports contracted to $33M in 2022. The total import value increased at an average annual rate of +11.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 27% against the previous year.
| Import of Mixed Condiment, Sause and Seasoning in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.4 | 14.6 | 11.6 | 10.9 | 5.1% |
| Nigeria | 1.9 | 2.7 | 6.3 | 5.4 | 41.6% |
| Belgium | 0.5 | 0.7 | 2.3 | 1.9 | 56.0% |
| Indonesia | 1.6 | 2.8 | 1.9 | 1.7 | 2.0% |
| Norway | 0.4 | 0.3 | N/A | 1.6 | 58.7% |
| Netherlands | 1.9 | 2.0 | 2.4 | 1.3 | -11.9% |
| United Kingdom | 0.7 | 0.2 | 0.2 | 0.9 | 8.7% |
| Spain | 0.1 | 0.2 | 0.1 | 0.6 | 81.7% |
| United Arab Emirates | 1.1 | 0.4 | 0.9 | 0.5 | -23.1% |
| United States | 0.6 | 0.4 | 0.3 | 0.2 | -30.7% |
| Others | 5.8 | 6.1 | 9.6 | 8.1 | 11.8% |
| Total | 24.1 | 30.5 | 35.7 | 33.1 | 11.2% |
Top Suppliers of Mixed Condiment, Sause and Seasoning to Ghana in 2022:
- China (8.4K tons)
- Nigeria (2.3K tons)
- Belgium (1.0K tons)
- Netherlands (0.7K tons)
- Indonesia (0.7K tons)
- United Arab Emirates (0.5K tons)
- United Kingdom (0.4K tons)
- Norway (0.4K tons)
- Spain (0.4K tons)
- United States (0.1K tons)
Exports of Mixed Condiment, Sause and Seasoning in Ghana
In 2022, approx. 985 tons of mixed condiments, sauses and seasonings were exported from Ghana; jumping by 65% against the year before. Over the period under review, exports, however, showed a relatively flat trend pattern.
In value terms, mixed condiment, sause and seasoning exports soared to $1.5M in 2022. The total export value increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 25% against the previous year. As a result, the exports reached the peak of $1.8M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Mixed Condiment, Sause and Seasoning in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 243 | 314 | 422 | 378 | 15.9% |
| United Arab Emirates | 2.3 | 0.2 | 3.8 | 352 | 434.9% |
| Canada | 65.7 | 262 | 266 | 198 | 44.4% |
| Benin | 26.7 | N/A | N/A | 195 | 94.0% |
| United Kingdom | 284 | 104 | 64.6 | 124 | -24.1% |
| Cote d'Ivoire | 20.0 | 167 | 278 | 35.4 | 21.0% |
| Togo | 212 | 407 | 46.8 | N/A | -53.0% |
| Others | 576 | 538 | 137 | 221 | -27.3% |
| Total | 1,430 | 1,792 | 1,217 | 1,505 | 1.7% |
Top Export Markets for Mixed Condiment, Sause and Seasoning from Ghana in 2022:
- United Arab Emirates (536.9 tons)
- Benin (209.4 tons)
- United States (99.4 tons)
- Canada (49.9 tons)
- United Kingdom (33.8 tons)
- Cote d'Ivoire (7.7 tons)
This report provides an in-depth analysis of the market for mixed condiment, sause and seasoning in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10841270 - Sauces and preparations therefor, mixed condiments and mixed seasonings (excluding soya sauce, tomato ketchup, o ther tomato sauces, mustard flour or meal and prepared mustard)
Country coverage:
- Ghana
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ghana
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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