Ghana: Frozen Vegetable Market 2024

Frozen Vegetable Market Size in Ghana

The Ghanian frozen vegetable market shrank to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, continues to indicate prominent growth. Frozen vegetable consumption peaked at $X in 2021, and then declined in the following year.

Frozen Vegetable Production in Ghana

In value terms, frozen vegetable production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume decreased by X% against the previous year. Over the period under review, production attained the maximum level in 2022 and is likely to continue growth in years to come.

Frozen Vegetable Exports

Exports from Ghana

After two years of growth, shipments abroad of frozen vegetables decreased by X% to X tons in 2022. Overall, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen vegetable exports contracted rapidly to $X in 2022. In general, exports showed a slight curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then contracted significantly in the following year.

Exports by Country

The UK (X tons), the United States (X tons) and France (X tons) were the main destinations of frozen vegetable exports from Ghana, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen vegetable exported from Ghana were France ($X), the United States ($X) and the UK ($X), with a combined X% share of total exports.

France, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average frozen vegetable export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price 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, frozen vegetable export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the 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 France ($X per ton), while the average price for exports to Togo ($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 Finland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Vegetable Imports

Imports into Ghana

In 2022, imports of frozen vegetables into Ghana dropped remarkably to X tons, falling by X% compared with the previous year's figure. Overall, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, frozen vegetable imports contracted notably to $X in 2022. Over the period under review, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then plummeted in the following year.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of frozen vegetable imports to Ghana, together comprising X% 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 Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen vegetable suppliers to Ghana were the Netherlands ($X), Belgium ($X) and South Africa ($X), together accounting for X% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to 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 frozen vegetable import price amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average 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 South Africa ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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