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Market analysis on cocoa beans export: the case of Ghana and cote d’ivoire in west Africa

Author

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  • Gyan, John Kwame
  • Bajan, Bartłomiej

Abstract

The history of cocoa production in West Africa shows that commercial cocoa production began in the Gold Coast (Ghana) in the 1890s. By the 1920s, Ghana had become the world’s leading cocoa producer, accounting for over half of all production. Ghana continued to be a leading producer of cocoa until 1978, when Cote d’Ivoire topped Ghana as the world’s largest cocoa bean producer. It has since become the leading producer, with about a 40% share of global production. This study aimed to analyze the competitiveness and similarity of the Ivorian and Ghanaian cocoa sectors. Time series data (2011–2020) from FAOSTAT was used to analyze the level of competitiveness and similarity between the two largest cocoaproducing countries in West Africa. The analysis was conducted using the Revealed Comparative Advantage (RCA), Product Similarity Index (PSI), and Quality Similarity Index (QSI). The findings indicate that the two countries are strong competitors in cocoa exports and have the same quality of products. 2020 and 2017 witnessed the weakest competition between the two countries, with a similarity index of 0.53 and 0.60, respectively. It is concluded that the two economies (especially Ghana) guard against over-dependence on cocoa exports because a disruption in production would have a great shock on the economy.

Suggested Citation

  • Gyan, John Kwame & Bajan, Bartłomiej, 2022. "Market analysis on cocoa beans export: the case of Ghana and cote d’ivoire in west Africa," Journal of Agribusiness and Rural Development, University of Life Sciences, Poznan, Poland, vol. 66(4), April.
    • Handle: RePEc:ags:pojard:356206
    DOI: 10.22004/ag.econ.356206
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    References listed on IDEAS

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    1. Anwar, Sajid & Sun, Sizhong, 2018. "Foreign direct investment and export quality upgrading in China's manufacturing sector," International Review of Economics & Finance, Elsevier, vol. 54(C), pages 289-298.
    2. Gyan, John Kwame & Bajan, Bartłomiej, 2022. "Market analysis on cocoa beans export: the case of Ghana and cote d’ivoire in west Africa," Journal of Agribusiness and Rural Development, University of Life Sciences, Poznan, Poland, vol. 66(4), April.
    3. Besseah, Felix A. & Kim, Sangho, 2014. "Technical Efficiency of Cocoa Farmers in Ghana," Journal of Rural Development/Nongchon-Gyeongje, Korea Rural Economic Institute, vol. 37(2), pages 1-24.
    4. Ehis Michael Odijie, 2016. "Diminishing returns and agricultural involution in Côte d'Ivoire's cocoa sector," Review of African Political Economy, Taylor & Francis Journals, vol. 43(149), pages 504-517, July.
    5. Bajan, Bartłomiej & Łukasiewicz, Joanna & Smutka, Luboš, 2021. "Similarity and Competition of Polish Agri-food Export with the Largest Agricultural Producers in the EU. Analysis of EU, US and China Market," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 13(01), March.
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    1. Gyan, John Kwame & Bajan, Bartłomiej, 2022. "Market analysis on cocoa beans export: the case of Ghana and cote d’ivoire in west Africa," Journal of Agribusiness and Rural Development, University of Life Sciences, Poznan, Poland, vol. 66(4), April.

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