Broken Rice Price in Ghana - 2022
Contents:
- Broken Rice Price in Ghana (CIF) - 2022
- Broken Rice Price in Ghana (FOB) - 2022
- Broken Rice Imports in Ghana
- Broken Rice Exports in Ghana
Broken Rice Price in Ghana (CIF) - 2022
The average broken rice import price stood at $392 per ton in 2022, shrinking by -9.7% against the previous year. In general, the import price continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2021 an increase of 3.3%. Over the period under review, average import prices hit record highs at $589 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Uruguay ($1,210 per ton), while the price for China ($145 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+5.4%), while the prices for the other major suppliers experienced a decline.
Broken Rice Price in Ghana (FOB) - 2022
The average broken rice export price stood at $116 per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2015 an increase of 42% against the previous year. Over the period under review, the average export prices reached the peak figure at $394 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($115 per ton), while the average price for exports to Togo stood at $14 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (-8.9%).
Broken Rice Imports in Ghana
For the third year in a row, Ghana recorded decline in supplies from abroad of broken rice, which decreased by -78.4% to 33K tons in 2022. Over the period under review, imports saw a dramatic setback. The smallest decline of -21% was in 2020.
In value terms, broken rice imports shrank markedly to $13M in 2022. In general, imports saw a precipitous curtailment. The smallest decline of -19.7% was in 2020.
| Import of Broken Rice in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 8.5 | 13.6 | 22.8 | 5.8 | -12.0% |
| Thailand | 13.2 | 3.0 | 13.6 | 2.8 | -40.4% |
| Vietnam | 95.8 | 74.7 | 22.4 | 1.6 | -74.4% |
| Pakistan | 2.2 | 3.9 | 0.7 | 1.3 | -16.1% |
| China | 1.0 | 1.3 | 1.9 | 0.4 | -26.3% |
| United States | 1.2 | 0.9 | 1.3 | 0.3 | -37.0% |
| Cambodia | 0.5 | 0.6 | 0.8 | 0.2 | -26.3% |
| India | 3.5 | 2.8 | 1.0 | 0.1 | -69.4% |
| Others | 0.7 | 0.8 | 1.1 | 0.3 | -24.6% |
| Total | 127 | 102 | 65.6 | 12.8 | -53.5% |
Top Suppliers of Broken Rice to Ghana in 2022:
- Thailand (9.5K tons)
- Pakistan (6.6K tons)
- Vietnam (5.7K tons)
- Uruguay (4.8K tons)
- China (2.9K tons)
- United States (1.0K tons)
- Cambodia (0.9K tons)
- India (0.6K tons)
Broken Rice Exports in Ghana
In 2022, overseas shipments of broken rice decreased by -19.9% to 1.6 tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 835% against the previous year. As a result, the exports attained the peak of 48 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, broken rice exports dropped markedly to $181 in 2022. Over the period under review, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2020 with an increase of 638% against the previous year. As a result, the exports attained the peak of $7.1K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Broken Rice in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | 774 | 6,966 | 213 | 170 | -39.7% |
| Togo | 20.0 | 101 | 1.0 | 1.0 | -63.2% |
| Mali | 149 | N/A | N/A | N/A | 0% |
| Others | 23.0 | 66.0 | 10.0 | 10.0 | -24.2% |
| Total | 966 | 7,133 | 224 | 181 | -42.8% |
Top Export Markets for Broken Rice from Ghana in 2022:
- Burkina Faso (1477.0 kg)
- Togo (72.0 kg)
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