Spices; Mixtures Price in Ghana - 2022
Contents:
- Spices; Mixtures Price in Ghana (CIF) - 2022
- Spices; Mixtures Price in Ghana (FOB) - 2022
- Spices; Mixtures Imports in Ghana
- Spices; Mixtures Exports in Ghana
Spices; Mixtures Price in Ghana (CIF) - 2022
The average spices; mixtures import price stood at $1,783 per ton in 2022, jumping by 16% against the previous year. In general, the import price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of 48%. Over the period under review, average import prices reached the maximum at $4,315 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lebanon ($3,625 per ton), while the price for India ($1,740 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+28.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Mixtures Price in Ghana (FOB) - 2022
The average spices; mixtures export price stood at $2,460 per ton in 2022, rising by 2% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 68%. Over the period under review, the average export prices hit record highs at $5,457 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($7,500 per ton), while the average price for exports to Burkina Faso ($231 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 Burkina Faso (+39.2%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Imports in Ghana
Spices; mixtures imports into Ghana dropped markedly to 237 tons in 2022, with a decrease of -34.3% against the previous year's figure. In general, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 220% against the previous year. As a result, imports reached the peak of 361 tons, and then dropped notably in the following year.
In value terms, spices; mixtures imports dropped significantly to $423K in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 91% against the previous year. As a result, imports attained the peak of $556K, and then contracted dramatically in the following year.
| Import of Spices; Mixtures in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 186 | 115 | 478 | 395 | 28.5% |
| United Arab Emirates | 13.9 | 120 | 27.9 | 13.3 | -1.5% |
| Lebanon | 53.3 | 33.9 | 14.9 | 3.4 | -60.0% |
| Others | 37.5 | 21.0 | 35.2 | 11.6 | -32.4% |
| Total | 291 | 290 | 556 | 423 | 13.3% |
Top Suppliers of Spices; Mixtures to Ghana in 2022:
- India (226.8 tons)
- United Arab Emirates (4.7 tons)
- Lebanon (0.9 tons)
Spices; Mixtures Exports in Ghana
After three years of growth, overseas shipments of spices; mixtureses decreased by -3.9% to 14 tons in 2022. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2020 with an increase of 57%.
In value terms, spices; mixtures exports contracted modestly to $35K in 2022. The total export value increased at an average annual rate of +1.1% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 4.1% against the previous year. As a result, the exports attained the peak of $36K, and then dropped modestly in the following year.
| Export of Spices; Mixtures in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 3.3 | 12.0 | 17.3 | 15.1 | 66.0% |
| Australia | N/A | N/A | 4.1 | 5.4 | 31.7% |
| Togo | N/A | 0.1 | N/A | 2.7 | 419.6% |
| Canada | 26.9 | 14.5 | 2.7 | 1.7 | -60.2% |
| Belgium | N/A | 1.7 | 0.4 | 1.5 | -6.1% |
| Burkina Faso | N/A | N/A | 0.1 | 0.1 | 0.0% |
| United States | N/A | N/A | 5.3 | N/A | 0% |
| Others | 4.0 | 6.3 | 6.1 | 9.0 | 31.0% |
| Total | 34.3 | 34.7 | 36.2 | 35.5 | 1.2% |
Top Export Markets for Spices; Mixtures from Ghana in 2022:
- United Kingdom (5.6 tons)
- Togo (4.1 tons)
- Canada (1.5 tons)
- Belgium (0.9 tons)
- Australia (0.2 tons)
- Burkina Faso (0.2 tons)
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