Report Update Apr 1, 2024

Ghana - Chicory - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Chicory Market 2024

Chicory Market Size in Ghana

The Ghanian chicory market declined modestly to $X in 2022, reducing by X% against the previous year. Overall, consumption, however, recorded a noticeable slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Chicory Production in Ghana

In value terms, chicory production fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible decrease. The growth pace was the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average chicory yield in Ghana was estimated at less than X kg per ha, remaining relatively unchanged against the previous year. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the chicory harvested area in Ghana amounted to less than X ha, therefore, remained relatively stable against 2021. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Chicory Exports

Exports from Ghana

Chicory exports from Ghana totaled X kg in 2017, flattening at 2016. Over the period under review, exports continue to indicate a dramatic descent. The smallest decline of X% was in 2014. Over the period under review, the exports hit record highs at X kg in 2013; however, from 2014 to 2017, the exports remained at a lower figure.

In value terms, chicory exports amounted to $X in 2017. In general, exports posted a significant expansion. The smallest decline of X% was in 2014. Over the period under review, the exports reached the peak figure in 2017 and are likely to see gradual growth in years to come.

Exports by Country

Canada (X kg) was the main destination for chicory exports from Ghana, accounting for a X% share of total exports. Moreover, chicory exports to Canada exceeded the volume sent to the second major destination, the United States (X kg), threefold.

From 2013 to 2017, the average annual rate of growth in terms of volume to Canada was relatively modest.

From 2013 to 2017, the average annual rate of growth in terms of value to Canada was relatively modest.

Export Prices by Country

In 2017, the average chicory export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price recorded a significant expansion. The growth pace was the most rapid in 2014 when the average export price decreased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2017 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2017, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Canada stood at $X per ton.

From 2013 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Chicory Imports

Imports into Ghana

In 2018, the amount of chicory imported into Ghana was estimated at X kg, standing approx. at 2017 figures. Overall, imports saw a precipitous contraction. The smallest decline of X% was in 2014. Imports peaked at X kg in 2013; however, from 2014 to 2018, imports failed to regain momentum.

In value terms, chicory imports amounted to $X in 2018. Over the period under review, imports recorded a dramatic decline. The smallest decline of X% was in 2014. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2018, imports failed to regain momentum.

Imports by Country

In 2018, the Netherlands (X kg) was the main supplier of chicory to Ghana, with a approx. X% share of total imports.

From 2013 to 2018, the average annual rate of growth in terms of volume from the Netherlands was relatively modest.

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

From 2013 to 2018, the average annual growth rate of value from the Netherlands was relatively modest.

Import Prices by Country

In 2018, the average chicory import price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price saw a significant expansion. The growth pace was the most rapid in 2014 when the average import price decreased by X%. Over the period under review, average import prices hit record highs in 2018 and is likely to continue growth in the near future.

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

From 2013 to 2018, the rate of growth in terms of prices for the Netherlands amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chicory in the world?

The country with the largest volume of chicory consumption was Belgium, accounting for 77% of total volume. Moreover, chicory consumption in Belgium exceeded the figures recorded by the second-largest consumer, France, more than tenfold. The third position in this ranking was held by Poland, with a 3.7% share.

What are the largest producers of chicory in the world?

Belgium constituted the country with the largest volume of chicory production, comprising approx. 77% of total volume. Moreover, chicory production in Belgium exceeded the figures recorded by the second-largest producer, France, more than tenfold. Poland ranked third in terms of total production with a 4.3% share.

What are the leading suppliers of chicory to Ghana?

In value terms, the Netherlands $51) constituted the largest supplier of chicory to Ghana.

What is the average export price for chicory in Ghana?

In 2017, the average chicory export price amounted to $18,634 per ton, remaining relatively unchanged against the previous year.

What is the average import price for chicory in Ghana?

The average chicory import price stood at $8,500 per ton in 2018, standing approx. at the previous year.

This report provides an in-depth analysis of the chicory 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:

FCL 459 - Chicory roots

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023