Price for Cereal Groats and Meal; of Maize (Corn) in Ghana - 2022
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Ghana (FOB) - 2022
- Price for Cereal Groats and Meal; of Maize (Corn) in Ghana (CIF) - 2022
- Exports of Cereal Groats and Meal; of Maize (Corn) in Ghana
- Imports of Cereal Groats and Meal; of Maize (Corn) in Ghana
Price for Cereal Groats and Meal; of Maize (Corn) in Ghana (FOB) - 2022
In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $900 per ton, reducing by -17.9% against the previous year. In general, the export price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 128% against the previous year. As a result, the export price reached the peak level of $1,544 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,954 per ton), while the average price for exports to Niger ($35 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+32.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Maize (Corn) in Ghana (CIF) - 2022
In 2022, the average import price for cereal groats and meal; of maize (corn)s amounted to $486 per ton, surging by 27% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 155% against the previous year. As a result, import price attained the peak level of $788 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($932 per ton), while the price for Turkey ($451 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-0.2%), while the prices for the other major suppliers experienced a decline.
Exports of Cereal Groats and Meal; of Maize (Corn) in Ghana
In 2022, shipments abroad of cereal groats and meal; of maize (corn)s was finally on the rise to reach 71 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a deep downturn.
In value terms, exports of cereal groats and meal; of maize (corn)s soared to $64K in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereal Groats and Meal; of Maize (Corn) in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 6.4 | 30.2 | 47.1 | 171.3% |
| Canada | 28.8 | 24.5 | 8.2 | 10.8 | -27.9% |
| Belgium | N/A | 0.5 | 2.2 | 0.9 | 34.2% |
| Germany | N/A | N/A | N/A | 0.8 | 0% |
| Niger | N/A | N/A | N/A | 0.5 | 0% |
| Ireland | N/A | N/A | N/A | 0.3 | 0% |
| United Kingdom | 15.8 | 23.8 | 1.0 | 0.1 | -81.5% |
| Others | 17.1 | 0.5 | 4.2 | 3.5 | -41.1% |
| Total | 61.7 | 55.6 | 45.8 | 64.0 | 1.2% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Ghana in 2022:
- United States (24.1 tons)
- Canada (19.5 tons)
- Niger (15.3 tons)
- Germany (3.1 tons)
- Belgium (1.4 tons)
- Ireland (1.1 tons)
- United Kingdom (0.1 tons)
Imports of Cereal Groats and Meal; of Maize (Corn) in Ghana
In 2022, approx. 89 tons of cereal groats and meal; of maize (corn)s were imported into Ghana; falling by -44.9% on 2021. Overall, imports saw a precipitous descent. The growth pace was the most rapid in 2021 when imports increased by 532% against the previous year.
In value terms, imports of cereal groats and meal; of maize (corn)s reduced dramatically to $43K in 2022. In general, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 206% against the previous year.
| Import of Cereal Groats and Meal; of Maize (Corn) in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 63.9 | N/A | 50.1 | 31.1 | -21.3% |
| South Africa | 3.4 | 5.1 | 8.8 | 8.9 | 37.8% |
| Germany | N/A | N/A | 1.5 | 1.5 | 0.0% |
| India | 2.2 | 1.4 | N/A | 0.4 | -43.3% |
| Lebanon | 11.8 | 13.7 | N/A | N/A | 16.1% |
| Others | N/A | N/A | 1.5 | 1.5 | 0.0% |
| Total | 81.4 | 20.2 | 61.9 | 43.4 | -18.9% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Ghana in 2022:
- Turkey (69.0 tons)
- South Africa (16.0 tons)
- Germany (1.6 tons)
- India (1.0 tons)
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