Price for Vegetable Products Not Elsewhere Specified or Included in Ghana - 2023

Contents:

1. Price for Vegetable Products Not Elsewhere Specified or Included in Ghana (FOB) - 2022
2. Price for Vegetable Products Not Elsewhere Specified or Included in Ghana (CIF) - 2022
3. Exports of Vegetable Products Not Elsewhere Specified or Included in Ghana
4. Imports of Vegetable Products Not Elsewhere Specified or Included in Ghana

Price for Vegetable Products Not Elsewhere Specified or Included in Ghana (FOB) - 2022

The average export price for vegetable products not elsewhere specified or includeds stood at $956 per ton in 2022, with an increase of 86% against the previous year. In general, the export price saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 an increase of 229% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,656 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($1,110 per ton), while the average price for exports to Burkina Faso ($119 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 Switzerland (+11.2%), while the prices for the other major destinations experienced a decline.

Price for Vegetable Products Not Elsewhere Specified or Included in Ghana (CIF) - 2022

In 2022, the average import price for vegetable products not elsewhere specified or includeds amounted to $28 per ton, remaining relatively unchanged against the previous year. In general, the import price, however, continues to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2014 when the average import price increased by 51% against the previous year. The import price peaked at $2,545 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Cote d'Ivoire ($81 per ton), while the price for Togo totaled $51 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (-9.1%).

Exports of Vegetable Products Not Elsewhere Specified or Included in Ghana

In 2022, overseas shipments of vegetable products not elsewhere specified or includeds decreased by -81.3% to 319 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, enjoyed a significant expansion.

In value terms, exports of vegetable products not elsewhere specified or includeds declined dramatically to $303K in 2022. Overall, exports, however, recorded a significant expansion.

Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Ghana in 2022:

1. Bangladesh (209.2 tons)
2. Switzerland (65.0 tons)
3. China (20.7 tons)
4. United States (8.1 tons)
5. Burkina Faso (7.7 tons)

Imports of Vegetable Products Not Elsewhere Specified or Included in Ghana

In 2022, imports of vegetable products not elsewhere specified or includeds into Ghana surged to 3.1K tons, growing by 35% compared with the previous year. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vegetable products not elsewhere specified or includeds soared to $192K in 2022. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Ghana in 2022:

1. Togo (2.1K tons)
2. Cote d'Ivoire (1.0K tons)

Source: IndexBox Market Intelligence Platform