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Ghana - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Olive Oil Price in Ghana - 2022
Contents:
- Refined Olive Oil Price in Ghana (CIF) - 2022
- Refined Olive Oil Price in Ghana (FOB) - 2022
- Refined Olive Oil Imports in Ghana
- Refined Olive Oil Exports in Ghana
Refined Olive Oil Price in Ghana (CIF) - 2022
In 2022, the average refined olive oil import price amounted to $4,114 per ton, surging by 6.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2020 an increase of 28%. As a result, import price attained the peak level of $4,661 per ton. From 2021 to 2022, the average import prices remained 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 Spain ($5,311 per ton), while the price for the United Arab Emirates ($2,575 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Olive Oil Price in Ghana (FOB) - 2022
The average refined olive oil export price stood at $4,197 per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, showed a pronounced expansion. The pace of growth was the most pronounced in 2019 an increase of 95% against the previous year. The export price peaked at $4,557 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($4,861 per ton), while the average price for exports to Canada ($1,069 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 Togo (+8.1%), while the prices for the other major destinations experienced a decline.
Refined Olive Oil Imports in Ghana
In 2022, approx. 548 tons of refined olive oil were imported into Ghana; which is down by -27.1% on the previous year. In general, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 118% against the previous year. As a result, imports reached the peak of 751 tons, and then fell sharply in the following year.
In value terms, refined olive oil imports shrank sharply to $2.3M in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 81%. As a result, imports reached the peak of $2.9M, and then declined notably in the following year.
Import of Refined Olive Oil in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 892 | 1,323 | 1,727 | 955 | 2.3% |
Tunisia | 459 | N/A | 1,018 | 883 | 24.4% |
Turkey | 32.2 | 72.3 | 3.1 | 266 | 102.2% |
United Arab Emirates | N/A | 3.9 | 48.5 | 68.3 | 318.5% |
United Kingdom | 33.2 | 49.7 | 51.3 | 35.1 | 1.9% |
Netherlands | 20.6 | 38.2 | 39.1 | N/A | 37.8% |
Others | 35.2 | 119 | 13.9 | 45.9 | 9.3% |
Total | 1,472 | 1,606 | 2,902 | 2,254 | 15.3% |
Top Suppliers of Refined Olive Oil to Ghana in 2022:
- Tunisia (249.4 tons)
- Spain (179.9 tons)
- Turkey (66.0 tons)
- United Arab Emirates (26.5 tons)
- United Kingdom (10.8 tons)
Refined Olive Oil Exports in Ghana
In 2022, after three years of growth, there was significant decline in overseas shipments of refined olive oil, when their volume decreased by -26% to 719 kg. Overall, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2020 when exports increased by 52% against the previous year.
In value terms, refined olive oil exports shrank notably to $3K in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 113% against the previous year. As a result, the exports reached the peak of $4.1K, and then fell significantly in the following year.
Export of Refined Olive Oil in Ghana (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 50.0 | N/A | 86.0 | 2,771 | 281.3% |
Canada | 348 | 731 | 91.0 | 77.0 | -39.5% |
Germany | 410 | 727 | 658 | 75.0 | -43.2% |
Niger | N/A | N/A | N/A | 43.0 | 0% |
Belgium | 84.0 | 120 | 317 | 5.0 | -61.0% |
Sweden | 211 | 217 | N/A | N/A | 2.8% |
United States | N/A | N/A | 2,783 | N/A | 0% |
Others | 204 | 133 | 169 | 47.0 | -38.7% |
Total | 1,307 | 1,928 | 4,104 | 3,018 | 32.2% |
Top Export Markets for Refined Olive Oil from Ghana in 2022:
- Netherlands (570.0 kg)
- Canada (72.0 kg)
- Niger (28.0 kg)
- Germany (25.0 kg)
- Belgium (2.0 kg)
This report provides an in-depth analysis of the refined olive oil market 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:
- Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)
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
- 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 VOLUME AND VALUE
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
- 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
- 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
This report provides an in-depth analysis of the refined olive oil market in Ghana.
This report provides an in-depth analysis of the virgin olive oil market in Ghana.
This report provides an in-depth analysis of the olive oil market in Ghana.
This report provides an in-depth analysis of the global refined olive oil market.
This report provides an in-depth analysis of the global virgin olive oil market.
This report provides an in-depth analysis of the global olive oil market.
This report provides an in-depth analysis of the refined olive oil market in Ghana.
This report provides an in-depth analysis of the virgin olive oil market in Ghana.
This report provides an in-depth analysis of the olive oil market in Ghana.
This report provides an in-depth analysis of the global refined olive oil market.
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