Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Ghana - 2022
Contents:
- Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Ghana (FOB) - 2022
- Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Ghana (CIF) - 2022
- Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Ghana
- Imports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Ghana
Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Ghana (FOB) - 2022
In 2022, the average export price for oil seeds; cotton seeds, other than seed, whether or not broken amounted to $270 per ton, picking up by 42% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 437% against the previous year. Over the period under review, the average export prices reached the maximum at $1,713 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
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 ($968 per ton), while the average price for exports to Turkey ($254 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 Spain (+79.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Ghana (CIF) - 2022
The average import price for oil seeds; cotton seeds, other than seed, whether or not broken stood at $1,022 per ton in 2021, growing by 19% against the previous year. Over the period under review, the import price posted a prominent increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 127%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($2,387 per ton), while the price for Saudi Arabia totaled $531 per ton.
From 2013 to 2021, the most notable rate of growth in terms of prices was attained by France (+23.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Ghana
In 2022, exports of oil seeds; cotton seeds, other than seed, whether or not broken from Ghana surged to 146 tons, increasing by 2,016% compared with 2021 figures. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of oil seeds; cotton seeds, other than seed, whether or not broken soared to $39K in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.2 | 0.8 | 0.9 | 35.3 | 460.9% |
| United States | N/A | N/A | N/A | 2.3 | 0% |
| Togo | N/A | N/A | N/A | 1.6 | 0% |
| Burkina Faso | 4.6 | 7.3 | 0.4 | 0.2 | -64.8% |
| Others | N/A | 1.7 | N/A | 0.1 | -75.7% |
| Total | 4.8 | 9.8 | 1.3 | 39.5 | 101.9% |
Top Export Markets for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken from Ghana in 2022:
- Turkey (138.8 tons)
- Togo (3.8 tons)
- United States (2.4 tons)
- Burkina Faso (1.3 tons)
Imports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Ghana
In 2021, the amount of oil seeds; cotton seeds, other than seed, whether or not broken imported into Ghana contracted rapidly to 1 tons, declining by -18.4% on the previous year's figure. Over the period under review, imports recorded a deep downturn. The smallest decline of -18.2% was in 2020.
In value terms, imports of oil seeds; cotton seeds, other than seed, whether or not broken declined to $1K in 2021. In general, imports saw a perceptible decline.
| Import of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| South Africa | N/A | N/A | 635 | 0% | |
| Saudi Arabia | N/A | N/A | 393 | 0% | |
| Nigeria | 1,090 | 1,043 | N/A | -4.3% | |
| Others | 8.0 | 19.0 | N/A | 137.5% | |
| Total | 1,098 | 1,062 | 1,028 | -3.2% | |
Top Suppliers of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken to Ghana in 2022:
- Saudi Arabia (740.0 kg)
- South Africa (266.0 kg)
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