Ghana: Cassava Market 2024

Cassava Market Size in Ghana

The Ghanian cassava market stood at $X in 2023, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Cassava Production in Ghana

In value terms, cassava production expanded notably to $X in 2023 estimated in export price. Overall, production, however, posted buoyant growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Cassava production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

The average yield of cassava in Ghana reduced to X tons per ha in 2023, remaining relatively unchanged against the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. The cassava yield peaked at X tons per ha in 2022, and then fell modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of cassava were harvested in Ghana; remaining relatively unchanged against the year before. The harvested area increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the harvested area dedicated to cassava production reached the peak figure at X ha in 2020; however, from 2021 to 2023, the harvested area remained at a lower figure.

Cassava Exports

Exports from Ghana

Cassava exports from Ghana contracted markedly to X tons in 2023, reducing by X% compared with the year before. In general, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, cassava exports reduced notably to $X in 2023. Over the period under review, exports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

China (X tons), the Netherlands (X tons) and Belgium (X tons) were the main destinations of cassava exports from Ghana, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for cassava exported from Ghana were the Netherlands ($X), Canada ($X) and Belgium ($X), with a combined X% share of total exports. China, the UK, South Africa, Spain, Turkey and the United States lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, China, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2023, the average cassava export price amounted to $X per ton, falling by X% against the previous year. In general, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cassava Imports

Imports into Ghana

In 2023, purchases abroad of cassava increased by X% to X tons, rising for the third year in a row after four years of decline. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cassava imports soared to $X in 2023. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Togo (X tons) was the main supplier of cassava to Ghana, accounting for a X% share of total imports. Moreover, cassava imports from Togo exceeded the figures recorded by the second-largest supplier, Benin (X tons), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Togo was relatively modest.

In value terms, Togo ($X) constituted the largest supplier of cassava to Ghana, comprising X% of total imports. The second position in the ranking was held by Benin ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from Togo was relatively modest.

Import Prices by Country

In 2023, the average cassava import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price showed a deep contraction. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Togo ($X per ton), while the price for Benin totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Togo (X%).

Source: IndexBox Platform