Ghana: Canned Vegetable Market 2024

Canned Vegetable Market Size in Ghana

In 2022, the Ghanian canned vegetable market decreased by -42.4% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, enjoyed a modest increase. Canned vegetable consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Canned Vegetable Exports

Exports from Ghana

In 2022, shipments abroad of canned vegetables increased by 63% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,068% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, canned vegetable exports soared to $X in 2022. Overall, exports showed a prominent increase. The growth pace was the most rapid in 2014 when exports increased by 647% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The UK (X tons) was the main destination for canned vegetable exports from Ghana, with a 55% share of total exports. Moreover, canned vegetable exports to the UK exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +60.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.3% per year) and Italy (+50.7% per year).

In value terms, the largest markets for canned vegetable exported from Ghana were the UK ($X), the United States ($X) and Belgium ($X), together accounting for 81% of total exports.

The UK, with a CAGR of +51.1%, 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

The average canned vegetable export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 an increase of 143% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($X 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 Mali (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

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Canned Vegetable Imports

Imports into Ghana

In 2022, purchases abroad of canned vegetables decreased by -45.9% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2019 with an increase of 106% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, canned vegetable imports dropped significantly to $X in 2022. In general, imports, however, enjoyed a mild expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 91% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), the UK (X tons) and the Netherlands (X tons) were the main suppliers of canned vegetable imports to Ghana, with a combined 53% share of total imports. China, Turkey, South Africa and France lagged somewhat behind, together comprising a further 8.4%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +46.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Italy ($X) and the Netherlands ($X) were the largest canned vegetable suppliers to Ghana, together comprising 57% of total imports. China, South Africa, France and Turkey lagged somewhat behind, together comprising a further 7.4%.

In terms of the main suppliers, China, with a CAGR of +29.9%, 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 2022, the average canned vegetable import price amounted to $X per ton, increasing by 17% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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