The global mango market continues its dynamic expansion into 2024, with Ghana emerging as a notable growth leader in the African export landscape. Ghana’s mango sector posted an impressive 21% surge to US$75 million in export revenues, building on strong momentum since 2020. This remarkable uptrend is anchored by the country’s robust trading relationships, savvy market positioning, and recent policy support, highlighting Ghana’s rise to become the second-largest mango supplier to the UK and the second in Africa after Egypt. While European demand presents some variability—significant declines observed in Belgium contrast with rebound and expansion in Switzerland, Germany, and the Netherlands—the overall European and global appetite for mangoes is on an upward trajectory. The UK, in particular, saw its mango imports swell 31% to US$267 million, opening a key window for Ghanaian exporters.
However, challenges remain. Post-harvest infrastructure deficiencies, from storage bottlenecks to insufficient processing capacity, risk derailing further gains unless addressed. Diversification into new markets, such as Canada, UAE, Kazakhstan, and neighboring Nigeria, is now recommended to hedge Europe-centric risks. Policy initiatives around quality certification and the prospect of African Continental Free Trade Area (AfCFTA) integration offer a promising future. Securing competitiveness requires targeted investment in logistics and value-added processing, ensuring Ghana maintains and scales its global standing. This momentum, supported by favorable weather trends in key growing regions, sets the stage for another robust harvest season and export cycle for Ghana and its peers.
Exclusive Offers on CMBroker
Mango dried
chunks: : 2 – 3 cm. Thickness: 2 mm. – 15 mm MOISTURE 13 – 19 %
FOB 5.62 €/kg
(from VN)
Mango dried
slices: 5 – 9 cm. Chunks: : 2 – 3 cm. Thickness: 2 mm. – 15 mm
FOB 5.85 €/kg
(from VN)
Mango dried
normal sugar, 8-10 mm
FCA 4.57 €/kg
(from NL)
📈 Mango Prices Overview
| Name | Type | Origin | Location | Delivery Terms | Price (EUR/kg) | Weekly Change | Market Sentiment | Offer Link |
|---|---|---|---|---|---|---|---|---|
| Mango dried | Chunks: 2–3 cm, Thickness: 2–15 mm, Moisture 13–19% | VN | Hanoi, VN | FOB | 5.62 | 0.00 | Stable | View |
| Mango dried | Slices 5–9 cm, Chunks 2–3 cm, Thickness 2–15 mm | VN | Hanoi, VN | FOB | 5.85 | 0.00 | Stable | View |
| Mango dried | Normal sugar, 8–10 mm | TH | Dordrecht, NL | FCA | 4.57 | 0.00 | Stable | View |
🌍 Supply & Demand Drivers
- Ghana’s Exports: Strong Y/Y growth (+21%), now US$75m in 2024; up 28% from 2020–2021.
- Top Destinations: UK leads; Germany, Netherlands, and Switzerland also show demand gains. Belgium is experiencing weaker imports.
- Global Trends: World mango imports rose 3% in 5 years, led by the US (23.2%), China (15.6%), Netherlands (6.9%), UK (6.6%), and Germany (6.1%).
- Market Share: Ghana is UK’s #2 supplier after Brazil, 13th globally, 2nd in Africa after Egypt.
📊 Fundamental Data & Comparative Analysis
- Historical Comparison: 2023 Ghana export value: US$62.05m → 2024: US$75m (+21%).
2020–2021: up 28% to US$64.6m. - UK Mango Imports: 2024: US$286.95m (global)
UK market up 31% y/y to US$267m. - European Diversity: Switzerland rebounded (+17%), Belgium declined (vol -14%, value -16%), Germany and Netherlands up.
- Infrastructure: Persistent storage, transport, and processing hurdles could cap further volume growth.
- Policy & Investment: Recent gains fuelled by quality certification, but further investments and public-private partnerships needed for storage and processing upgrades.
🌦️ Weather Outlook for Key Mango Regions
- West Africa (Ghana): Forecasts (June–Sept. 2024) point to above-average rainfall with warm temperatures, positive for mango flowering and fruit set, though isolated flooding risks exist in the Volta and Northern regions. Disease monitoring is recommended if humidity spikes beyond norms.
- India & Southeast Asia: Normal monsoon expected, supporting good yields. No major adverse climate events reported.
- Impact: Current meteorological outlook favors healthy mango crops, potentially leading to stable or higher export volumes from Ghana and Asia.
📦 Global Production & Stock Comparison
| Country | Export Value (2024, US$ million) | Global Rank | Key Destinations |
|---|---|---|---|
| Brazil | 114 (est.) | Top to UK/EU | Europe, US, UK |
| Ghana | 75 | 2nd to UK, 13th globally | UK, EU (Germany, Netherlands, Switzerland) |
| Egypt | 82 | 1st in Africa | Europe, Middle East |
| India | 1,160 (mainly domestic) | Top global producer | Middle East, EU, Russia |
- Stock Situation: No report of significant global stock build-ups; supply tightening is unlikely absent weather upsets.
📌 Trading Outlook & Recommendations
- Exporters: Leverage current growth to expand into Canada, UAE, Kazakhstan, Nigeria (leveraging AfCFTA).
- Investors: Infrastructure (cold chain, processing) offers strong ROI as post-harvest losses curtail export volumes.
- Policymakers: Sustain efforts in certification and foster public–private partnerships for storage and processing upgrades.
- Buyers: Stable to firm prices for dried mango products from Asia; Ghanaian fresh mangoes remain competitive, supply is reliable subject to further weather confirmation.
📆 3-Day Regional Price Forecast
| Product | Origin | Current Price (EUR/kg) | Forecast Range | Sentiment |
|---|---|---|---|---|
| Dried Mango (Chunks) | VN | 5.62 | 5.55 – 5.70 | Stable |
| Dried Mango (Slices/Chunks) | VN | 5.85 | 5.75 – 5.90 | Stable |
| Dried Mango (Normal Sugar) | TH | 4.57 | 4.50 – 4.65 | Stable |
Note: Fresh mango prices in Europe and the UK expected steady, with possible premium for quality-certified West African product as harvest season peaks.
