What is the price of chocolate per kilogram/pound in Ghana today?
The retail price range for Ghana chocolate is between US$ 7.66 and US$ 21.60 per kilogram or between US$ 3.47 and US$ 9.80 per pound(lb). Click here to see today's exact prices of chocolate in Ghana
The retail price range in Ghana Cedi for chocolate is between GHS 82.34 and GHS 232.25 per kilogram or between GHS 37.34 and GHS 105.33 per pound(lb) in Accra and Kumasi.
Wholesale prices
In 2024, the approximate wholesale price range for Ghana chocolate is between US$ 5.36 and US$ 15.12 per kilogram or between US$ 2.43 and US$ 6.86 per pound(lb).
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Ghana Chocolate Export Prices - Historical, Trends and Prediction
The export price of Chocolate from Ghana over the last five years has seen a steady decline. In 2016, the price per kilogram was 4.01 US dollars, but by 2021, it had dropped to 0.00 US dollars. In the last five years, the highest price was 5.36 US dollars in 2011, and the lowest was 2.59 US dollars in 2018. The average price for the last five years was 3.30 US dollars. Based on this data, it is predicted that the export price of Chocolate from Ghana in 2023 will be 2.37 US dollars, and in 2024 it will be 2.17 US dollars.The exports of chocolate from Ghana are categorised as:
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg, filled (HS code 180631)
- Chocolate and other food preparations containing cocoa, in blocks, slabs or bars weighing > 2 kg or in liquid, paste, powder, granular or other bulk form, in containers or immediate packings of a content > 2 kg (excluding cocoa powder) (HS code 180620)
- Chocolate and other preparations containing cocoa, in containers or immediate packings of <= 2 kg (excluding in blocks, slabs or bars and cocoa powder) (HS code 180690)
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg (excluding filled) (HS code 180632)
Ghana Chocolate Import Prices - Historical, Trends and Prediction
The import price per kilogram of Chocolate into Ghana over the last five years has seen a general downward trend. In 2010, the price was 4.96 US dollars per kg, and this decreased to 5.36 US dollars per kg in 2011. The price then dropped to 4.09 US dollars per kg in 2012, and further decreased to 2.81 US dollars per kg in 2013. In 2014, the price rose slightly to 3.55 US dollars per kg, before dropping to 3.41 US dollars per kg in 2015. The price then increased to 4.01 US dollars per kg in 2016, before dropping to 2.77 US dollars per kg in 2017. The price then decreased further to 2.59 US dollars per kg in 2018, before rising to 2.97 US dollars per kg in 2019. In 2020 and 2021, the price was 0.00 US dollars per kg. Based on this trend, it is predicted that the import price per kilogram of Chocolate into Ghana in 2023 will be 2.41 US dollars per kg, and in 2024 will be 2.23 US dollars per kg.Export values for Ghana chocolate
The total values in export for chocolate in Ghana were US$ 2,659, US$ 32,104, US$ 32,103 and US$ 20,221 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Ghana: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of chocolate in other countries across Africa: Algeria chocolate, Angola chocolate, Botswana chocolate, Burundi chocolate, Cameroon chocolate, Cape Verde chocolate, Central African Republic chocolate, Comoros chocolate, DRC Congo chocolate & Benin chocolate.
Ghana chocolate - Production, Exports, Imports, Seasons and HS Codes
In 2019 Ghana exported 6,817 tonnes of chocolate. For the year 2019 alone, the interest in Ghana chocolate (processed category) has shrunk, flactuating by -45.037 per cent compared to the year 2018. Between 2017 and 2019, chocolate's exports decreased by -41.24% earning the exporter US$20.22m for the year 2019. Ghana's chocolate exports are categorised as:
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg (excluding filled) (HS code 180632)
- Chocolate and other preparations containing cocoa, in containers or immediate packings of <= 2 kg (excluding in blocks, slabs or bars and cocoa powder) (HS code 180690)
- Chocolate and other food preparations containing cocoa, in blocks, slabs or bars weighing > 2 kg or in liquid, paste, powder, granular or other bulk form, in containers or immediate packings of a content > 2 kg (excluding cocoa powder) (HS code 180620)
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg, filled (HS code 180631)
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Ghana chocolate export values
In 2019, Ghana supplied chocolate with a value of 20.22m USD, a reduction of -37.02% from 2018's total chocolate export of 32.103m USD. The annual change in value of Ghana chocolate between 2017 to 2018 was -0.00311488 pc.
The annual/yearly variation in the amount of Ghana's chocolate exports between 2017 and 2019 was -41.24% when compared to a variation of -45.037% in the growth rate between 2018 and 2019.
Export markets for Ghana chocolate ( in '000$ )
Ghana's best performing destinations for chocolate are Nigeria, the Netherlands, Spain, Ivory Coast (Côte d'Ivoire
) and Algeria.
Ghana purchased 1,620 tonnes of chocolate in 2019.
Buying Chocolate in Ghana
Drinking chocolate is one of the most popular of Ghana’s cocoa derivatives. It sells in small sachets or packets of mostly 250g, 400g and 500g measures, while bulk measures include 1 kg and 2.17 kg
Bulk milk chocolate of 2.17 kg costs the least, at GH¢ 230 ($17.09) or GH¢ 105 ($7.80) a kg. Pure chocolate, on the other hand, can go to as low as GH¢ 98 per 330 g or GH¢296 ($22.02) a kg.