Ghana: Beer Market 2024

Beer Market Size in Ghana

The Ghanian beer market shrank to $X in 2022, waning by X% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Beer Production in Ghana

In value terms, beer production fell to $X in 2022 estimated in export price. In general, production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Beer production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Beer Exports

Exports from Ghana

After two years of growth, overseas shipments of beer decreased by X% to X litres in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X litres. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, beer exports reduced dramatically to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Togo (X litres) was the main destination for beer exports from Ghana, with a X% share of total exports. Moreover, beer exports to Togo exceeded the volume sent to the second major destination, the United States (X litres), twofold. The third position in this ranking was held by the UK (X litres), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Togo totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the UK (X% per year).

In value terms, the United States ($X) remains the key foreign market for beer exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average beer export price amounted to $X per litre, shrinking by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price reached the peak level of $X per litre. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per litre), while the average price for exports to Togo ($X 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 Niger (X%), while the prices for the other major destinations experienced more modest paces of growth.

Beer Imports

Imports into Ghana

In 2022, after two years of growth, there was significant decline in overseas purchases of beer, when their volume decreased by X% to X litres. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X litres in 2021, and then contracted sharply in the following year.

In value terms, beer imports reduced rapidly to $X in 2022. Over the period under review, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then fell rapidly in the following year.

Imports by Country

In 2022, Denmark (X litres) constituted the largest beer supplier to Ghana, accounting for a X% share of total imports. Moreover, beer imports from Denmark exceeded the figures recorded by the second-largest supplier, the Netherlands (X litres), twofold. The United States (X litres) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and the United States (X% per year).

In value terms, Denmark ($X), the Netherlands ($X) and the United States ($X) appeared to be the largest beer suppliers to Ghana, together accounting for X% of total imports.

The United States, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average beer import price amounted to $X per litre, remaining stable against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, average import prices hit record highs at $X per litre in 2021, and then shrank slightly in the following year.

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 ($X per litre), while the price for Nigeria ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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