Ghana - Sugary Soft Drinks - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSugary Soft Drink Price in Ghana - 2022
Contents:
- Sugary Soft Drink Price in Ghana (CIF) - 2022
- Sugary Soft Drink Price in Ghana (FOB) - 2022
- Sugary Soft Drink Imports in Ghana
- Sugary Soft Drink Exports in Ghana
Sugary Soft Drink Price in Ghana (CIF) - 2022
In 2022, the average sugary soft drink import price amounted to $0.8 per litre, shrinking by -17.2% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sugary soft drink import price increased by +68.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 54%. As a result, import price attained the peak level of $0.9 per litre, and then fell markedly in the following year.
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 the United Arab Emirates amounted to -1.2% per year.
Sugary Soft Drink Price in Ghana (FOB) - 2022
The average sugary soft drink export price stood at $0.3 per litre in 2022, declining by -39.3% against the previous year. Over the period under review, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 when the average export price increased by 104%. The export price peaked at $0.8 per litre in 2012; however, from 2013 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 the Netherlands ($1.7 per litre), while the average price for exports to Togo ($0.1 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Sugary Soft Drink Imports in Ghana
After three years of growth, supplies from abroad of sugary soft drinks decreased by -2% to 49M litres in 2022. Overall, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 135% against the previous year. Over the period under review, imports attained the peak figure at 50M litres in 2021, and then contracted modestly in the following year.
In value terms, sugary soft drink imports reduced notably to $39M in 2022. In general, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 210% against the previous year. Over the period under review, imports reached the maximum at $48M in 2021, and then dropped significantly in the following year.
| Import of Sugary Soft Drink in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | 29.6 | 47.5 | 38.5 | 14.0% |
| Spain | 1.9 | N/A | N/A | N/A | 0% |
| Nigeria | 1.4 | N/A | N/A | N/A | 0% |
| Algeria | 2.1 | N/A | N/A | N/A | 0% |
| Others | 4.1 | N/A | N/A | N/A | 0% |
| Total | 9.5 | 29.6 | 47.5 | 38.5 | 59.4% |
Top Suppliers of Sugary Soft Drink to Ghana in 2022:
- United Arab Emirates (49.4M litres)
Sugary Soft Drink Exports in Ghana
In 2022, approx. 8.6M litres of sugary soft drinks were exported from Ghana; picking up by 13% compared with the previous year. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 118%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, sugary soft drink exports contracted dramatically to $2.4M in 2022. Over the period under review, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 166% against the previous year. As a result, the exports attained the peak of $3.5M, and then declined significantly in the following year.
| Export of Sugary Soft Drink in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | 121 | 339 | 125 | 619 | 72.3% |
| Cote d'Ivoire | 1,394 | 545 | 18.4 | 519 | -28.1% |
| Netherlands | 423 | N/A | 1,088 | 357 | -5.5% |
| Togo | 9.0 | 30.0 | 616 | 316 | 227.5% |
| Benin | 27.4 | 86.6 | 5.0 | 10.9 | -26.5% |
| Others | 863 | 302 | 1,608 | 560 | -13.4% |
| Total | 2,837 | 1,303 | 3,460 | 2,381 | -5.7% |
Top Export Markets for Sugary Soft Drink from Ghana in 2022:
- Burkina Faso (3.7M litres)
- Togo (3.2M litres)
- Cote d'Ivoire (1.0M litres)
- Netherlands (0.2M litres)
This report provides an in-depth analysis of the sugary soft drink market 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 11071930 - Waters, with added sugar, other sweetening matter or flavoured, i.e. soft drinks (including mineral and aerated)
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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