Ghana: Avocado Market Overview 2021

Avocado Market Size in Ghana

In 2019, after eight years of growth, there was significant decline in the Ghanian avocado market, when its value decreased by -X% to $X. In general, consumption saw a prominent expansion. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2018, and then contracted in the following year.

Avocado Production in Ghana

In value terms, avocado production contracted to $X in 2019 estimated in export prices. Overall, production enjoyed a remarkable increase. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Avocado production peaked at $X in 2018, and then declined in the following year.

In 2019, the average avocado yield in Ghana reached X tonnes per ha, standing approx. at 2018. Over the period under review, the yield, however, showed a relatively flat trend pattern. The avocado yield peaked at X tonnes per ha in 2007; however, from 2008 to 2019, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the avocado harvested area in Ghana stood at X ha, surging by X% compared with 2018. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2012 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to avocado production attained the maximum in 2019 and is likely to continue growth in the near future.

Avocado Exports

Exports from Ghana

In 2019, overseas shipments of avocados were finally on the rise to reach X tonnes for the first time since 2011, thus ending a seven-year declining trend. Over the period under review, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, avocado exports reached $X in 2019. Overall, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. From 2012 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

The UK (X tonnes), Burkina Faso (X tonnes) and France (X tonnes) were the main destinations of avocado exports from Ghana, with a combined X% share of total exports. Belgium and Slovakia lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Slovakia (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for avocado exported from Ghana were the UK ($X), Burkina Faso ($X) and France ($X), with a combined X% share of total exports. These countries were followed by Belgium and Slovakia, which together accounted for a further X (+X% per year) recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average avocado export price amounted to $X per tonne, which is down by -X% against the previous year. Over the period under review, the export price, however, recorded a strong increase. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was France ($X per tonne), while the average price for exports to Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso, while the prices for the other major destinations experienced more modest paces of growth.

Avocado Imports

Imports into Ghana

In 2019, after two years of growth, there was significant decline in overseas purchases of avocados, when their volume decreased by -X% to X kg. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Imports peaked at X tonnes in 2018, and then fell remarkably in the following year.

In value terms, avocado imports dropped markedly to $X in 2019. Overall, imports, however, saw a significant increase. The growth pace was the most rapid in 2017 when imports increased by X% y-o-y. Imports peaked at $X in 2018, and then shrank dramatically in the following year.

Imports by Country

In 2019, the Netherlands (X kg) was the main avocado supplier to Ghana, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from the Netherlands stood at +X%.

In value terms, the Netherlands ($X) constituted the largest supplier of avocado to Ghana.

From 2007 to 2019, the average annual rate of growth in terms of value from the Netherlands totaled +X%.

Import Prices by Country

The average avocado import price stood at $X per tonne in 2019, approximately mirroring the previous year. In general, the import price showed a perceptible reduction. The growth pace was the most rapid in 2014 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average import prices failed to regain the momentum.

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

From 2007 to 2019, the rate of growth in terms of prices for the Netherlands amounted to -X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for avocados in the world?

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The countries with the highest volumes of avocado consumption in 2019 were the U.S. (1.2M tonnes), Mexico (1.1M tonnes) and the Dominican Republic (640K tonnes), with a combined 43% share of global consumption.

What are the largest producers of avocados in the world?

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The country with the largest volume of avocado production was Mexico (2.1M tonnes), comprising approx. 33% of total volume. Moreover, avocado production in Mexico exceeded the figures recorded by the second-largest producer, the Dominican Republic (659K tonnes), threefold. The third position in this ranking was occupied by Peru (499K tonnes), with a 7.7% share.

What are the leading suppliers of avocados to Ghana?

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In value terms, the Netherlands ($1.4K) constituted the largest supplier of avocado to Ghana.

What are the leading importers of avocados from Ghana?

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In value terms, the UK ($8.6K), Burkina Faso ($8.5K) and France ($8.2K) were the largest markets for avocado exported from Ghana worldwide, with a combined 88% share of total exports. Belgium and Slovakia lagged somewhat behind, together accounting for a further 10%.

What is the average export price for avocados in Ghana?

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The average avocado export price stood at $2,026 per tonne in 2019, shrinking by -11.4% against the previous year.

What is the average import price for avocados in Ghana?

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In 2019, the average avocado import price amounted to $1,707 per tonne, therefore, remained relatively stable against the previous year.