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Ghana’s 2024 imports of foreign wine at $35.2 million are up nearly 3.5 percent from last year; heralding the Ghanaian economy's and its import market's recovery from the financial meltdown of 2022.
Ghana’s imports of food processing ingredients surpassed $1.24 billion in 2024, up 44 percent from $857 million in 2023.
The food and beverage processing industry in Guatemala includes around 2,200 companies and plays a crucial role in the country's economy, contributing to employment, exports, and domestic food security.
U.S. agricultural exporters of consumer-oriented products are well-positioned to increase sales to Guatemala. In 2023, U.S. consumer-oriented export values reached a third-consecutive record on 15 percent growth from the previous year (Figure 3).
Ghana’s modern retail outlets are in the country’s large urban centers, where the major shopping malls are located. Beyond the capital city of Accra and the regional capitals, retail stores tend to be smaller. The retail sector is dominated by small local grocers, who control 83 percent of the market.
In 2023, the Guatemalan market showed significant potential for growth, with supermarkets, hypermarkets, and independent food stores expanding their locations.
Alcoholic beverages imported into Ghana increased from $56 million in 2019 to $87 million in 2023. Similarly, imports of U.S. alcoholic beverages to Ghana are on an upward trend in the same period from $267,000 in 2019 to $1 million in 2023.
The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.
Ghana’s food processing industry is developing and remains a major importer of ingredients for food processing. These imports will continue to grow as the sector is unable to meet increased demand.
In 2022, supermarkets, hypermarkets, and independent food stores continued adding locations, but retail volume sales fell versus 2021.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.
Estimated at a Retail Sale Price (RSP) value of about $350 million in 2021, Ghana’s dairy market presents bright prospects for suppliers of fat filled milk powder (FFMP) despite the recent growth in demand for non-dairy creamers due to their health and wellness tag.