Ghana controls only 3.14% of global cocoa powder trade

Published 2021년 9월 23일

Tridge summary

Ghana has been accounting for approximately three percent of the global exports of unsweetened cocoa powder since 2016, as per the Ghana Export Promotion Authority (GEPA). The country's share in the market has seen fluctuations, with a high of 3.59 percent in 2016 and a low of 2.85 percent in 2017. The Netherlands, the United States, and China are the primary importers of Ghana's unsweetened cocoa powder. Despite holding 20 percent of the global market share in cocoa beans production, Ghana needs to process more cocoa into value-added products to increase its foreign exchange earnings. The country has seen an increase in cocoa processing capacity from 200,000 tonnes to 400,000 tonnes but faces challenges in adding more value to the final product.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Ghana since 2016, has been controlling an average of three percent of global exports in the unsweetened cocoa powder trade, data from the Ghana Export Promotion Authority (GEPA) has revealed. GEPA noted that Ghana’s global market share of the commodity has been fluctuating – recording 3.59 percent in 2016, 2.85 percent in 2017, and 3.48 percent in 2018, and is currently declining to 3.14 percent. Conversely, the country’s export of cocoa powder had reached an estimated export value of US$72million by 2019/2020. The inconsistent market share however contradicts Ghana’s gains in cocoa beans production, which currently stands at 20 percent globally – with Ivory Coast controlling 40 percent. In effect, more emphasis must be placed on the need to process cocoa into more value-added products for foreign exchange. The top-three importers of unsweetened cocoa powder from Ghana over the last four years include the Netherlands, the United States of America, and China in that ...

Source: Ghanaweb