Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ghana - 2022
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ghana (CIF) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ghana (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ghana
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ghana
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ghana (CIF) - 2022
In 2022, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $2,037 per ton, reducing by -19.9% against the previous year. Overall, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 98%. Over the period under review, average import prices hit record highs at $5,930 per ton in 2012; however, from 2013 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 India ($4,750 per ton), while the price for Belgium ($1,911 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-5.5%), while the prices for the other major suppliers experienced a decline.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ghana (FOB) - 2022
In 2022, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $604 per ton, jumping by 121% against the previous year. In general, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 170%. As a result, the export price reached the peak level of $1,258 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($5,241 per ton), while the average price for exports to the United States stood at $161 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+37.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ghana
In 2022, after three years of growth, there was significant decline in supplies from abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds, when their volume decreased by -16.2% to 1.3 tons. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +9.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 48% against the previous year. As a result, imports attained the peak of 1.6 tons, and then shrank remarkably in the following year.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds contracted remarkably to $2.7K in 2022. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 193%. As a result, imports reached the peak of $4K, and then fell notably in the following year.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1,360 | 1,309 | 3,736 | 2,375 | 20.4% |
| United Kingdom | 29.0 | 21.0 | 139 | 153 | 74.1% |
| India | 17.0 | 32.0 | 111 | 114 | 88.6% |
| Others | 1.0 | 1.0 | 7.0 | 36.0 | 230.2% |
| Total | 1,407 | 1,363 | 3,993 | 2,678 | 23.9% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Ghana in 2022:
- Belgium (1243.0 kg)
- United Kingdom (46.0 kg)
- India (24.0 kg)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ghana
In 2022, after three years of growth, there was significant decline in shipments abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds, when their volume decreased by -45.5% to 333 kg. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 228% against the previous year. As a result, the exports reached the peak of 611 kg, and then dropped rapidly in the following year.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds surged to $201 in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 485%. As a result, the exports attained the peak of $234. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 8.0 | 185 | 67.0 | 152 | 166.8% |
| United States | 32.0 | 30.0 | 100 | 49.0 | 15.3% |
| Others | N/A | 19.0 | N/A | N/A | 0% |
| Total | 40.0 | 234 | 167 | 201 | 71.3% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Ghana in 2022:
- United States (304.0 kg)
- Denmark (29.0 kg)
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