Ghana: Wheat Starch Market 2024

Wheat Starch Market Size in Ghana

The Ghanian wheat starch market shrank slightly to $X in 2022, almost unchanged from the previous year. Overall, consumption showed a relatively flat trend pattern. Wheat starch consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Wheat Starch Production in Ghana

In value terms, wheat starch production shrank modestly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Wheat Starch Exports

Exports from Ghana

In 2022, overseas shipments of wheat starch increased by X% to X tons, rising for the third consecutive year after four years of decline. In general, exports saw a measured increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheat starch exports rose significantly to $X in 2022. Overall, exports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for wheat starch exports from Ghana, with a X% share of total exports. Moreover, wheat starch exports to the United States exceeded the volume sent to the second major destination, Niger (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (X% per year) and the UK (X% per year).

In value terms, the United States ($X) remains the key foreign market for wheat starch exports from Ghana, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Niger (X% per year).

Export Prices by Country

The average wheat starch export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price faced a abrupt downturn. The growth pace was the most rapid in 2019 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Niger ($X 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 the UK (X%), while the prices for the other major destinations experienced a decline.

Wheat Starch Imports

Imports into Ghana

In 2022, wheat starch imports into Ghana skyrocketed to X tons, growing by X% on the previous year's figure. Over the period under review, imports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, wheat starch imports surged to $X in 2022. In general, imports, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), China (X tons) and India (X tons) were the main suppliers of wheat starch imports to Ghana, together comprising X% of total imports. Turkey, the Netherlands and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wheat starch suppliers to Ghana were Germany ($X), India ($X) and China ($X), with a combined X% share of total imports. The Netherlands, Turkey and Belgium lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average wheat starch import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat starch import price increased by X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Belgium ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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