Ghana: Preserved Peas Market 2024

Preserved Peas Market Size in Ghana

The Ghanian preserved peas market rose sharply to $X in 2022, picking up by X% against 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 2021 to 2022, the growth of the market remained at a lower figure.

Preserved Peas Production in Ghana

In value terms, preserved peas production rose significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Preserved Peas Exports

Exports from Ghana

In 2022, shipments abroad of preserved peas decreased by X% to X kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a noticeable curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, preserved peas exports contracted notably to $X in 2022. Over the period under review, exports, however, posted a perceptible expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X kg), the UK (X kg) and South Africa (X kg) were the main destinations of preserved peas exports from Ghana, together comprising X% 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 South Africa (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Burkina Faso ($X) remains the key foreign market for preserved peas exports from Ghana, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Burkina Faso amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2022, the average preserved peas export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced in the following year.

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 Burkina Faso ($X per ton), while the average price for exports to South Africa ($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 Burkina Faso (X%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Peas Imports

Imports into Ghana

In 2022, the amount of preserved peas imported into Ghana surged to X tons, growing by X% compared with the year before. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, preserved peas imports soared to $X in 2022. Over the period under review, imports saw a resilient expansion. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of preserved peas to Ghana, with a X% share of total imports. Moreover, preserved peas imports from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. The third position in this ranking was held by Denmark (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Denmark (X% per year).

In value terms, Malaysia ($X), Denmark ($X) and Italy ($X) appeared to be the largest preserved peas suppliers to Ghana, with a combined X% share of total imports.

Among the main suppliers, Italy, with a CAGR of X%, 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 preserved peas import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 China ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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