Starch; Manioc (Cassava) Price in Ghana - 2022
Contents:
- Starch; Manioc (Cassava) Price in Ghana (FOB) - 2022
- Starch; Manioc (Cassava) Price in Ghana (CIF) - 2022
- Starch; Manioc (Cassava) Exports in Ghana
- Starch; Manioc (Cassava) Imports in Ghana
Starch; Manioc (Cassava) Price in Ghana (FOB) - 2022
In 2022, the average starch; manioc (cassava) export price amounted to $748 per ton, picking up by 68% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 95%. Over the period under review, the average export prices attained the maximum at $959 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($1,582 per ton), while the average price for exports to Burkina Faso ($138 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 Germany (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Starch; Manioc (Cassava) Price in Ghana (CIF) - 2022
In August 2021, the average starch; manioc (cassava) import price amounted to $1,403 per ton, rising by 24% against the previous month. Over the period under review, the import price continues to indicate temperate growth. The growth pace was the most rapid in April 2021 when the average import price increased by 202% m-o-m. The import price peaked in August 2021.
There were significant differences in the average prices amongst the major supplying countries. In August 2021, the country with the highest price was Nigeria ($3,145 per ton), while the price for Hong Kong SAR totaled $1,402 per ton.
From January 2021 to August 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+76.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Starch; Manioc (Cassava) Exports in Ghana
After two years of decline, shipments abroad of starch; manioc (cassava)s increased by 24% to 946 tons in 2022. Overall, exports, however, saw a deep slump.
In value terms, starch; manioc (cassava) exports surged to $707K in 2022. In general, exports, however, recorded a deep setback.
| Export of Starch; Manioc (Cassava) in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 861 | 314 | 140 | 395 | -22.9% |
| United Kingdom | N/A | 2.5 | 37.8 | 75.8 | 450.6% |
| United Arab Emirates | 1.5 | 11.4 | 49.1 | 48.4 | 218.4% |
| Italy | 19.7 | 13.5 | 12.8 | 20.9 | 2.0% |
| Germany | 1.6 | 2.3 | N/A | 19.5 | 130.1% |
| Belgium | 1.5 | 14.4 | 0.7 | 6.9 | 66.3% |
| South Africa | 0.1 | 1.1 | 0.4 | 2.1 | 175.9% |
| Burkina Faso | N/A | N/A | N/A | 1.6 | 0% |
| Others | 47.2 | 103 | 98.3 | 137 | 42.6% |
| Total | 932 | 462 | 339 | 707 | -8.8% |
Top Export Markets for Starch; Manioc (Cassava) from Ghana in 2022:
- United States (267.2 tons)
- United Arab Emirates (151.2 tons)
- United Kingdom (106.7 tons)
- Italy (20.5 tons)
- Germany (12.3 tons)
- Burkina Faso (11.6 tons)
- South Africa (10.9 tons)
- Belgium (10.1 tons)
Starch; Manioc (Cassava) Imports in Ghana
In 2022, supplies from abroad of starch; manioc (cassava)s decreased by -13.1% to 1.5K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 31% against the previous year. As a result, imports attained the peak of 1.8K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, starch; manioc (cassava) imports dropped rapidly to $525K in 2022. Overall, imports faced a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 18%. As a result, imports attained the peak of $998K, and then shrank markedly in the following year.
| Import of Starch; Manioc (Cassava) in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 239 | 141 | 334 | 315 | 9.6% |
| Nigeria | N/A | N/A | N/A | 90.6 | 0% |
| Thailand | 487 | 658 | 326 | 56.2 | -51.3% |
| Others | 9.5 | 43.5 | 338 | 63.8 | 88.7% |
| Total | 735 | 843 | 998 | 525 | -10.6% |
Top Suppliers of Starch; Manioc (Cassava) to Ghana in 2022:
- Nigeria (924.0 tons)
- Hong Kong SAR (325.5 tons)
- Thailand (114.0 tons)
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