Ghana: Cigarettes Containing Tobacco Market 2023

Cigarettes Containing Tobacco Exports

Exports from Ghana

In 2022, after two years of growth, there was decline in shipments abroad of cigarettes containing tobacco, when their volume decreased by -4.4% to X tons. Over the period under review, exports recorded a abrupt slump. The growth pace was the most rapid in 2017 when exports increased by 10,730%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, cigarettes containing tobacco exports expanded markedly to $X in 2022. In general, exports recorded a deep setback. The pace of growth was the most pronounced in 2017 with an increase of 5,489%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for cigarettes containing tobacco exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to -15.6%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for cigarettes containing tobacco exports from Ghana.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to -4.7%.

Export Prices by Country

In 2022, the average cigarettes containing tobacco export price amounted to $X per ton, increasing by 13% against the previous year. Over the period under review, the export price posted a resilient increase. The pace of growth appeared the most rapid in 2018 an increase of 785% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +1,245.1% per year.

Cigarettes Containing Tobacco Imports

Imports into Ghana

In 2022, approx. X tons of cigarettes containing tobacco were imported into Ghana; flattening at the previous year. In general, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 343%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, cigarettes containing tobacco imports fell to $X in 2022. Overall, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 609% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Nigeria (X tons), Vietnam (X tons) and the United Arab Emirates (X tons) were the main suppliers of cigarettes containing tobacco imports to Ghana, together comprising 100% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +39.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cigarettes containing tobacco suppliers to Ghana were Nigeria ($X), the United Arab Emirates ($X) and Vietnam ($X), together accounting for 100% of total imports.

The United Arab Emirates, with a CAGR of +71.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cigarettes containing tobacco import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 60%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Arab Emirates ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+22.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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