Ghana - Cereal Flours - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCereal Flour Price in Ghana - 2022
Contents:
- Cereal Flour Price in Ghana (CIF) - 2022
- Cereal Flour Price in Ghana (FOB) - 2022
- Cereal Flour Imports in Ghana
- Cereal Flour Exports in Ghana
Cereal Flour Price in Ghana (CIF) - 2022
In 2022, the average cereal flour import price amounted to $436 per ton, growing by 25% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $457 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -3.4% per year.
Cereal Flour Price in Ghana (FOB) - 2022
The average cereal flour export price stood at $443 per ton in 2022, dropping by -16% against the previous year. In general, the export price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23% against the previous year. The export price peaked at $666 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Togo ($650 per ton), while the average price for exports to Benin ($240 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 Togo (+1.6%), while the prices for the other major destinations experienced a decline.
Cereal Flour Imports in Ghana
After three years of growth, supplies from abroad of cereal flours decreased by -20.8% to 62K tons in 2022. Over the period under review, imports continue to indicate a mild setback. The growth pace was the most rapid in 2021 when imports increased by 12% against the previous year. As a result, imports attained the peak of 78K tons, and then contracted remarkably in the following year.
In value terms, cereal flour imports reduced slightly to $27M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 36%. As a result, imports reached the peak of $27M, and then fell slightly in the following year.
Import of Cereal Flour in Ghana (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 0.1 | 20.0 | 27.2 | 26.8 | 544.7% |
Canada | 1.4 | N/A | N/A | N/A | 0% |
Turkey | 14.5 | N/A | N/A | N/A | 0% |
Others | 2.8 | N/A | N/A | N/A | 0% |
Total | 18.8 | 20.0 | 27.2 | 26.8 | 12.5% |
Top Suppliers of Cereal Flour to Ghana in 2022:
- United Arab Emirates (61.6K tons)
Cereal Flour Exports in Ghana
In 2022, approx. 22K tons of cereal flours were exported from Ghana; with a decrease of -52.2% compared with 2021 figures. In general, exports showed a sharp curtailment. The smallest decline of -15.2% was in 2020.
In value terms, cereal flour exports contracted rapidly to $9.7M in 2022. Over the period under review, exports showed a significant contraction. The smallest decline of -14.6% was in 2020.
Export of Cereal Flour in Ghana (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Niger | 11.8 | 12.8 | 7.7 | 5.2 | -23.9% |
Burkina Faso | 12.0 | 8.5 | 7.3 | 2.6 | -39.9% |
Togo | 17.0 | 13.4 | 8.4 | 1.0 | -61.1% |
Benin | N/A | N/A | N/A | 0.1 | 0% |
Others | 0.8 | 0.9 | 0.8 | 0.8 | 0.0% |
Total | 41.7 | 35.6 | 24.2 | 9.7 | -38.5% |
Top Export Markets for Cereal Flour from Ghana in 2022:
- Niger (13.6K tons)
- Burkina Faso (5.8K tons)
- Togo (1.5K tons)
- Benin (0.4K tons)
This report provides an in-depth analysis of the cereal flour market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10612100 - Wheat or meslin flour
- Prodcom 10612200 - Cereal flours (excluding wheat or meslin)
Country coverage:
- Ghana
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ghana
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the cereal flour market in Ghana.
This report provides an in-depth analysis of the non-wheat flour market in Ghana.
This report provides an in-depth analysis of the global cereal flour market.
This report provides an in-depth analysis of the global non-wheat flour market.
This report provides an in-depth analysis of the cereal flour market in Ghana.
This report provides an in-depth analysis of the non-wheat flour market in Ghana.
This report provides an in-depth analysis of the global cereal flour market.
This report provides an in-depth analysis of the global non-wheat flour market.
Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.