Price for Cereals; Oats, Other than Seed in Ghana - 2022
Contents:
- Price for Cereals; Oats, Other than Seed in Ghana (CIF) - 2022
- Price for Cereals; Oats, Other than Seed in Ghana (FOB) - 2022
- Imports of Cereals; Oats, Other than Seed in Ghana
- Exports of Cereals; Oats, Other than Seed in Ghana
Price for Cereals; Oats, Other than Seed in Ghana (CIF) - 2022
The average import price for cereals; oats, other than seeds stood at $972 per ton in 2022, with an increase of 243% against the previous year. Over the period under review, the import price saw a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Nigeria ($2,029 per ton), while the price for the United States ($192 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Oats, Other than Seed in Ghana (FOB) - 2022
In 2020, the average export price for cereals; oats, other than seeds amounted to $3,028 per ton, approximately reflecting the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($6,457 per ton), while the average price for exports to the UK amounted to $2,792 per ton.
From 2013 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+0.7%).
Imports of Cereals; Oats, Other than Seed in Ghana
In 2022, after three years of growth, there was significant decline in supplies from abroad of cereals; oats, other than seeds, when their volume decreased by -95.5% to 30 tons. Overall, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 488% against the previous year.
In value terms, cereals; oats, other than seed imports declined sharply to $29K in 2022. In general, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by 213%.
| Import of Cereals; Oats, Other than Seed in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 17.3 | 27.4 | 34.5 | 14.9 | -4.9% |
| United Kingdom | 3.4 | 18.1 | 33.3 | 10.4 | 45.2% |
| United States | 11.0 | 63.0 | 117 | 2.0 | -43.3% |
| Canada | 2.1 | 2.9 | 3.2 | 1.2 | -17.0% |
| Others | 2.0 | 0.8 | 0.6 | 0.4 | -41.5% |
| Total | 35.9 | 112 | 189 | 29.0 | -6.9% |
Top Suppliers of Cereals; Oats, Other than Seed to Ghana in 2022:
- United States (10.3 tons)
- United Kingdom (10.0 tons)
- Nigeria (7.4 tons)
- Canada (1.2 tons)
Exports of Cereals; Oats, Other than Seed in Ghana
In 2020, cereals; oats, other than seed exports from Ghana surged to 545 kg, with an increase of 124% against the previous year. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; oats, other than seed exports surged to $1.6K in 2020. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Oats, Other than Seed in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| United Kingdom | N/A | 1,424 | 0% | ||
| Kuwait | N/A | 226 | 0% | ||
| South Africa | 725 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 725 | 1,650 | 127.6% | ||
Top Export Markets for Cereals; Oats, Other than Seed from Ghana in 2022:
- United Kingdom (510.0 kg)
- Kuwait (35.0 kg)
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