Ghana - Yoghurt - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Yoghurt and Fermented Milk in Ghana - 2022
Contents:
- Price for Yoghurt and Fermented Milk in Ghana (CIF) - 2022
- Price for Yoghurt and Fermented Milk in Ghana (FOB) - 2022
- Imports of Yoghurt and Fermented Milk in Ghana
- Exports of Yoghurt and Fermented Milk in Ghana
Price for Yoghurt and Fermented Milk in Ghana (CIF) - 2022
In 2022, the average yoghurt and fermented milk import price amounted to $1,519 per ton, surging by 2.9% against the previous year. Over the period under review, the import price, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2020 an increase of 30% against the previous year. The import price peaked at $3,368 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 France ($5,374 per ton), while the price for Malaysia ($243 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Yoghurt and Fermented Milk in Ghana (FOB) - 2022
The average yoghurt and fermented milk export price stood at $711 per ton in 2022, with a decrease of -18% against the previous year. Overall, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2021 when the average export price increased by 46% against the previous year. The export price peaked at $1,380 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Burkina Faso ($783 per ton) and Cote d'Ivoire ($780 per ton), while the average price for exports to Togo ($684 per ton) and Benin ($689 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Yoghurt and Fermented Milk in Ghana
Yoghurt and fermented milk imports into Ghana expanded modestly to 4.5K tons in 2022, surging by 2.8% on 2021. The total import volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 31%. As a result, imports reached the peak of 4.6K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, yoghurt and fermented milk imports totaled $6.8M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 70%. As a result, imports reached the peak of $7.2M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Yoghurt and Fermented Milk in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 871 | 1,616 | 298 | 1,145 | 9.5% |
| New Zealand | 1,259 | 1,820 | 2,670 | 958 | -8.7% |
| Spain | 99.0 | 540 | 707 | 781 | 99.1% |
| United Kingdom | 7.4 | 7.7 | 10.0 | 547 | 319.7% |
| Benin | 134 | 281 | 425 | 362 | 39.3% |
| Peru | 142 | 229 | 301 | 344 | 34.3% |
| China | 1.8 | 64.1 | 138 | 132 | 318.6% |
| Portugal | 38.9 | 62.3 | 81.1 | 91.6 | 33.0% |
| Malaysia | 20.1 | 30.3 | 37.1 | 39.4 | 25.2% |
| Others | 1,646 | 2,520 | 1,756 | 2,399 | 13.4% |
| Total | 4,220 | 7,170 | 6,423 | 6,797 | 17.2% |
Top Suppliers of Yoghurt and Fermented Milk to Ghana in 2022:
- Benin (1069.8 tons)
- Spain (614.7 tons)
- Germany (334.3 tons)
- Peru (278.1 tons)
- New Zealand (267.4 tons)
- China (180.0 tons)
- Malaysia (161.8 tons)
- United Kingdom (142.4 tons)
- Portugal (90.9 tons)
Exports of Yoghurt and Fermented Milk in Ghana
In 2022, exports of yoghurt and fermented milk from Ghana soared to 5.3K tons, with an increase of 16% against 2021. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 334%. As a result, the exports reached the peak of 6.1K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, yoghurt and fermented milk exports dropped to $3.8M in 2022. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 358% against the previous year.
| Export of Yoghurt and Fermented Milk in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Togo | 469 | 2,814 | 2,419 | 2,465 | 73.9% |
| Cote d'Ivoire | 18.3 | 434 | 970 | 891 | 265.2% |
| Benin | 178 | 149 | 373 | 318 | 21.3% |
| Burkina Faso | 111 | 183 | 224 | 84.1 | -8.8% |
| Others | 7.4 | 6.0 | 4.2 | 31.3 | 61.7% |
| Total | 783 | 3,586 | 3,991 | 3,789 | 69.1% |
Top Export Markets for Yoghurt and Fermented Milk from Ghana in 2022:
- Togo (3.6K tons)
- Cote d'Ivoire (1.1K tons)
- Benin (0.5K tons)
- Burkina Faso (0.1K tons)
This report provides an in-depth analysis of the market for yoghurt and fermented milk 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 891 - Yoghurt
- FCL 892 - Yoghurt, Concentrated or Unconcent
- FCL 893 - Buttermilk, Curdled Milk, Acidified Milk
- FCL 899 - Dry Buttermilk
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The global yoghurt imports dropped by -7.2% y-o-y to $2.4B in 2020. The UK remains the leading yoghurt importer worldwide. Last year, the UK emerged as the fastest-growing country in terms of yoghurt imports. In 2020, France, Germany and Belgium were the prime suppliers of yoghurt to the UK, providing 80% of the total import volume.
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Germany dominates in the global yoghurt trade. In 2014, Germany exported X thousand tons of yoghurt totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total yoghurt exports in v
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Discover the top import markets for yoghurt, including the United Kingdom, Italy, Spain, Netherlands, and Belgium. Explore key statistics and data from the IndexBox market intelligence platform.
704
The global yoghurt imports dropped by -7.2% y-o-y to $2.4B in 2020. The UK remains the leading yoghurt importer worldwide. Last year, the UK emerged as the fastest-growing country in terms of yoghurt imports. In 2020, France, Germany and Belgium were the prime suppliers of yoghurt to the UK, providing 80% of the total import volume.
1363
Germany dominates in the global yoghurt trade. In 2014, Germany exported X thousand tons of yoghurt totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total yoghurt exports in v
