Ghana: Mushroom And Truffle Market 2024

Mushroom And Truffle Market Size in Ghana

In 2023, the Ghanian mushroom and truffle market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption recorded significant growth. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Mushroom And Truffle Production in Ghana

In value terms, mushroom and truffle production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

The average yield of mushrooms and truffles in Ghana amounted to less than X kg per ha in 2023, approximately equating 2022. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The mushroom and truffle harvested area in Ghana was estimated at less than X ha in 2023, approximately equating the previous year's figure. In general, the harvested area showed a relatively flat trend pattern.

Mushroom And Truffle Exports

Exports from Ghana

In 2023, overseas shipments of mushrooms and truffles decreased by X% to X kg for the first time since 2020, thus ending a two-year rising trend. Overall, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at X kg in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, mushroom and truffle exports fell sharply to $X in 2023. Over the period under review, exports saw a deep setback. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for mushroom and truffle exports from Ghana, with a X% share of total exports. Moreover, mushroom and truffle exports to the United States exceeded the volume sent to the second major destination, Canada (X kg), threefold.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Luxembourg (X% per year).

In value terms, Luxembourg ($X), the United States ($X) and Canada ($X) were the largest markets for mushroom and truffle exported from Ghana worldwide.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average mushroom and truffle export price stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the export price saw a strong expansion. The growth pace was the most rapid in 2013 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2023 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (X%), while the prices for the other major destinations experienced a decline.

Mushroom And Truffle Imports

Imports into Ghana

In 2023, supplies from abroad of mushrooms and truffles increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Imports peaked at X tons in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, mushroom and truffle imports expanded modestly to $X in 2023. In general, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of X%. Imports peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Belgium (X tons) constituted the largest mushroom and truffle supplier to Ghana, accounting for a X% share of total imports. Moreover, mushroom and truffle imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and China (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of mushrooms and truffles to Ghana, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and France (X% per year).

Import Prices by Country

In 2023, the average mushroom and truffle import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform