Ghana: Prepared Mustard Market 2024

Prepared Mustard Market Size in Ghana

The Ghanian prepared mustard market contracted slightly to $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Prepared Mustard Production in Ghana

In value terms, prepared mustard production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

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Prepared Mustard Exports

Exports from Ghana

In 2022, shipments abroad of prepared mustard decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then fell remarkably in the following year.

In value terms, prepared mustard exports dropped significantly to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for prepared mustard exports from Ghana, accounting for a X% share of total exports. Moreover, prepared mustard exports to Burkina Faso exceeded the volume sent to the second major destination, the UK (X tons), twofold. Togo (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Burkina Faso totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Togo (X% per year).

In value terms, Burkina Faso ($X), the UK ($X) and Togo ($X) appeared to be the largest markets for prepared mustard exported from Ghana worldwide, together accounting for X% of total exports.

Among the main countries of destination, the UK, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average prepared mustard export price amounted to $X per ton, waning by X% against the previous year. In general, the export price saw a perceptible setback. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($X per ton), while the average price for exports to Burkina Faso ($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 Niger (X%), while the prices for the other major destinations experienced mixed trend patterns.

Prepared Mustard Imports

Imports into Ghana

After two years of growth, purchases abroad of prepared mustard decreased by X% to X tons in 2022. In general, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted markedly in the following year.

In value terms, prepared mustard imports reduced notably to $X in 2022. Overall, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of prepared mustard to Ghana, accounting for a X% share of total imports. Moreover, prepared mustard imports from Belgium exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Italy (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of prepared mustard to Ghana, comprising X% of total imports. The second position in the ranking was held by Lebanon ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2022, the average prepared mustard import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Netherlands ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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