Cereals; Barley, Seed Price in Ghana - 2023
Contents:
Cereals; Barley, Seed Price in Ghana (CIF) - 2022
In 2022, the average cereals; barley, seed import price amounted to $30 per ton, declining by -18.7% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2015 when the average import price increased by 106% against the previous year. Over the period under review, average import prices hit record highs at $293 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 the UK ($40 per ton), while the price for Spain stood at $25 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+24.3%).
Cereals; Barley, Seed Imports in Ghana
In 2022, overseas purchases of cereals; barley, seeds decreased by -26.9% to 4.3 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 1,694%.
In value terms, cereals; barley, seed imports reduced remarkably to $129 in 2022. Overall, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 467% against the previous year.
| Import of Cereals; Barley, Seed in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 69.0 | 0% |
| United Kingdom | 13.0 | 119 | 39.0 | 60.0 | 66.5% |
| Burkina Faso | N/A | N/A | 178 | N/A | 0% |
| Others | 8.0 | N/A | N/A | N/A | 0% |
| Total | 21.0 | 119 | 217 | 129 | 83.1% |
Top Suppliers of Cereals; Barley, Seed to Ghana in 2022:
- Spain (2.8 tons)
- United Kingdom (1.5 tons)
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This report provides an in-depth analysis of the barley market in Ghana.
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This report provides an in-depth analysis of the global grain market.
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This report provides an in-depth analysis of the barley market in Ghana.
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