Price for Fats and Oils and Their Fractions; of Marine Mammals in Ghana - 2022

Contents:

1. Price for Fats and Oils and Their Fractions; of Marine Mammals in Ghana (CIF) - 2022
2. Price for Fats and Oils and Their Fractions; of Marine Mammals in Ghana (FOB) - 2022
3. Imports of Fats and Oils and Their Fractions; of Marine Mammals in Ghana
4. Exports of Fats and Oils and Their Fractions; of Marine Mammals in Ghana

Price for Fats and Oils and Their Fractions; of Marine Mammals in Ghana (CIF) - 2022

In 2022, the average import price for fats and oils and their fractions; of marine mammalses amounted to $600 per ton, picking up by 5.7% against the previous year. In general, the import price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2015 an increase of 29% against the previous year. Over the period under review, average import prices reached the peak figure at $1,660 per ton in 2017; however, from 2018 to 2022, 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 South Korea ($2,729 per ton), while the price for the United States ($255 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+14.7%), while the prices for the other major suppliers experienced a decline.

Price for Fats and Oils and Their Fractions; of Marine Mammals in Ghana (FOB) - 2022

In 2022, the average export price for fats and oils and their fractions; of marine mammalses amounted to $2,050 per ton, remaining constant against the previous year. Overall, the export price saw a significant curtailment. The most prominent rate of growth was recorded in 2020 a decrease of 99.9%. The export price peaked at $55,500 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Niger.

From 2013 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to 0.0% per year.

Imports of Fats and Oils and Their Fractions; of Marine Mammals in Ghana

In 2022, the amount of fats and oils and their fractions; of marine mammalses imported into Ghana shrank to 390 kg, therefore, remained relatively stable against the year before. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 0.8% against the previous year. As a result, imports reached the peak of 393 kg, leveling off in the following year.

In value terms, imports of fats and oils and their fractions; of marine mammalses rose slightly to $234 in 2022. Over the period under review, imports saw a pronounced downturn.

Top Suppliers of Fats and Oils and Their Fractions; of Marine Mammals to Ghana in 2022:

1. United States (263.0 kg)
2. United Kingdom (79.0 kg)
3. South Korea (48.0 kg)

Exports of Fats and Oils and Their Fractions; of Marine Mammals in Ghana

In 2022, overseas shipments of fats and oils and their fractions; of marine mammalses decreased by 0% to 20 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a buoyant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of fats and oils and their fractions; of marine mammalses totaled $41 in 2022. In general, exports enjoyed a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Export Markets for Fats and Oils and Their Fractions; of Marine Mammals from Ghana in 2022:

1. Niger (20.0 kg)

Source: IndexBox Market Intelligence Platform