Ghana: Bread And Bakery Market 2024

Bread And Bakery Market Size in Ghana

The Ghanian bread and bakery market contracted modestly to $X in 2023, approximately equating the previous year. Over the period under review, consumption continues to indicate a perceptible reduction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Bread And Bakery Production in Ghana

In value terms, bread and bakery production shrank modestly to $X in 2023 estimated in export price. Overall, production continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

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Bread And Bakery Exports

Exports from Ghana

Bread and bakery exports from Ghana expanded modestly to X tons in 2023, increasing by X% against 2022. Over the period under review, exports showed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, bread and bakery exports declined to $X in 2023. In general, exports showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2022, and then shrank in the following year.

Exports by Country

Togo (X tons), Cote d'Ivoire (X tons) and Niger (X tons) were the main destinations of bread and bakery exports from Ghana, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Togo (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Togo ($X) and Mali ($X) were the largest markets for bread and bakery exported from Ghana worldwide, together comprising X% of total exports.

Cote d'Ivoire, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2023, the average bread and bakery export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price saw a pronounced setback. The pace of growth was the most pronounced in 2022 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Mali ($X per ton), while the average price for exports to Togo ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mali (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bread And Bakery Imports

Imports into Ghana

In 2023, approx. X tons of bread and bakery were imported into Ghana; growing by X% compared with the previous year's figure. Over the period under review, imports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, bread and bakery imports rose significantly to $X in 2023. Overall, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Morocco (X tons), India (X tons) and Sri Lanka (X tons) were the main suppliers of bread and bakery imports to Ghana, with a combined X% share of total imports. Thailand, Malaysia, the UK, South Africa, Nigeria, Kazakhstan, Australia, Turkey, Belgium and Yemen lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bread and bakery suppliers to Ghana were Sri Lanka ($X), India ($X) and Malaysia ($X), together accounting for X% of total imports. Thailand, the UK, South Africa, Morocco, Kazakhstan, Nigeria, Turkey, Belgium, Yemen and Australia lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2023, the average bread and bakery import price amounted to $X per ton, which is down by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform