Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Ghana - 2022

Contents:

1. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Ghana (CIF) - 2022
2. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Ghana (FOB) - 2022
3. Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Ghana
4. Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Ghana

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Ghana (CIF) - 2022

In 2022, the average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses amounted to $1,375 per ton, with an increase of 21% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible downturn. The import price peaked at $1,829 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($8,767 per ton), while the price for Nigeria ($315 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+34.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Ghana (FOB) - 2022

The average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses stood at $2,233 per ton in 2022, surging by 2.6% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 83% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($13,333 per ton), while the average price for exports to Togo amounted to $1,339 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+26.7%).

Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Ghana

In 2022, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses into Ghana dropped rapidly to 1.3 tons, shrinking by -67.9% on the previous year. In general, imports saw a precipitous slump. The pace of growth appeared the most rapid in 2021 when imports increased by 146%.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses reduced dramatically to $1.8K in 2022. Overall, imports showed a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 133%.

Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats to Ghana in 2022:

1. Cote d'Ivoire (656.0 kg)
2. United States (203.0 kg)
3. Germany (103.0 kg)
4. United Kingdom (101.0 kg)
5. Nigeria (73.0 kg)
6. South Africa (68.0 kg)
7. China (68.0 kg)

Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Ghana

For the third consecutive year, Ghana recorded decline in overseas shipments of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses, which decreased by -3.2% to 120 kg in 2022. Overall, exports saw a abrupt setback.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses reduced modestly to $268 in 2022. Over the period under review, exports saw a mild slump. The smallest decline of -0.7% was in 2020.

Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats from Ghana in 2022:

1. Togo (109.0 kg)
2. United States (9.0 kg)

Source: IndexBox Market Intelligence Platform