Price for Cereals; Millet, Other than Seed in Ghana - 2022
Contents:
- Price for Cereals; Millet, Other than Seed in Ghana (CIF) - 2022
- Price for Cereals; Millet, Other than Seed in Ghana (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Ghana
- Exports of Cereals; Millet, Other than Seed in Ghana
Price for Cereals; Millet, Other than Seed in Ghana (CIF) - 2022
In 2022, the average import price for cereals; millet, other than seeds amounted to $664 per ton, reducing by -7.8% against the previous year. Overall, the import price, however, showed a remarkable increase. The growth pace was the most rapid in 2017 an increase of 80%. As a result, import price reached the peak level of $1,087 per ton. From 2018 to 2022, the average import prices remained at a 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 Senegal ($2,639 per ton), while the price for Niger ($373 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+11.7%), while the prices for the other major suppliers experienced a decline.
Price for Cereals; Millet, Other than Seed in Ghana (FOB) - 2022
In 2022, the average export price for cereals; millet, other than seeds amounted to $1,443 per ton, growing by 88% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 162% against the previous year. As a result, the export price reached the peak level of $1,568 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,910 per ton), while the average price for exports to Belgium ($548 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 the UK (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Millet, Other than Seed in Ghana
In 2022, overseas purchases of cereals; millet, other than seeds increased by 267% to 442 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; millet, other than seed imports soared to $294K in 2022. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Millet, Other than Seed in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Senegal | 153 | 105 | 50.9 | 146 | -1.5% |
| Niger | 6.4 | 15.2 | 31.6 | 119 | 164.9% |
| United Arab Emirates | N/A | N/A | N/A | 18.2 | 0% |
| Togo | 3.7 | 3.5 | 2.9 | 8.8 | 33.5% |
| Others | 1.6 | 2.3 | 1.3 | 2.1 | 9.5% |
| Total | 164 | 126 | 86.8 | 294 | 21.5% |
Top Suppliers of Cereals; Millet, Other than Seed to Ghana in 2022:
- Niger (317.7 tons)
- Senegal (55.2 tons)
- United Arab Emirates (44.2 tons)
- Togo (23.5 tons)
Exports of Cereals; Millet, Other than Seed in Ghana
Cereals; millet, other than seed exports from Ghana contracted dramatically to 60 tons in 2022, waning by -49.6% on the previous year's figure. Overall, exports continue to indicate a mild descent. The pace of growth appeared the most rapid in 2021 with an increase of 116% against the previous year. As a result, the exports attained the peak of 118 tons, and then fell dramatically in the following year.
In value terms, cereals; millet, other than seed exports declined modestly to $86K in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 127% against the previous year.
| Export of Cereals; Millet, Other than Seed in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.5 | 81.8 | 65.3 | 55.0 | 52.5% |
| United Kingdom | 7.2 | 0.9 | 12.1 | 26.9 | 55.2% |
| Netherlands | 0.8 | 0.9 | 0.8 | 0.8 | 0.0% |
| Belgium | 0.5 | 0.9 | 1.3 | 0.8 | 17.0% |
| Spain | 3.9 | N/A | N/A | N/A | 0% |
| Gabon | N/A | N/A | 7.4 | N/A | 0% |
| Senegal | 3.8 | N/A | N/A | N/A | 0% |
| Others | 6.1 | 1.1 | 3.4 | 2.4 | -26.7% |
| Total | 37.7 | 85.6 | 90.4 | 85.9 | 31.6% |
Top Export Markets for Cereals; Millet, Other than Seed from Ghana in 2022:
- United States (28.8 tons)
- United Kingdom (25.6 tons)
- Belgium (1.4 tons)
- Netherlands (0.9 tons)
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