Flakes; of Potatoes Price in Ghana - 2023

Flakes; of Potatoes Price in Ghana (CIF) - 2022

The average flakes; of potatoes import price stood at $1,317 per ton in 2022, shrinking by -2.5% against the previous year. Overall, the import price, however, saw a buoyant expansion. The growth pace was the most rapid in 2014 an increase of 64%. Over the period under review, average import prices reached the peak figure at $2,320 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($3,104 per ton), while the price for the Netherlands ($1,103 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Flakes; of Potatoes Price in Ghana (FOB) - 2022

The average flakes; of potatoes export price stood at $2,553 per ton in 2022, increasing by 2.1% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flakes; of potatoes export price increased by +144.2% against 2019 indices. The growth pace was the most rapid in 2020 when the average export price increased by 102%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Togo ($4,235 per ton), while the average price for exports to South Africa ($2,000 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 (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Flakes; of Potatoes Imports in Ghana

In 2022, the amount of flakes; of potatoeses imported into Ghana fell modestly to 26 tons, which is down by -3% compared with the previous year. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 6.3%. As a result, imports reached the peak of 26 tons, and then fell slightly in the following year.

In value terms, flakes; of potatoes imports fell to $34K in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. As a result, imports reached the peak of $35K, and then fell in the following year.

Import of Flakes; of Potatoes in Ghana (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	19.1	18.6	21.9	21.7	4.3%
Denmark	5.1	5.7	6.5	6.0	5.6%
Germany	7.3	4.7	3.7	1.8	-37.3%
Lebanon	1.6	1.5	1.8	1.7	2.0%
United States	0.1	0.2	0.3	0.8	100.0%
Others	1.2	1.0	1.3	1.5	7.7%
Total	34.4	31.7	35.5	33.6	-0.8%

Top Suppliers of Flakes; of Potatoes to Ghana in 2022:

Netherlands (19.7 tons)
Denmark (1.9 tons)
Germany (1.5 tons)
Lebanon (1.4 tons)
United States (0.7 tons)

Flakes; of Potatoes Exports in Ghana

After two years of decline, overseas shipments of flakes; of potatoeses increased by 11% to 459 kg in 2022. Over the period under review, exports, however, faced a precipitous descent.

In value terms, flakes; of potatoes exports rose rapidly to $1.2K in 2022. In general, exports, however, continue to indicate a dramatic downturn.

Export of Flakes; of Potatoes in Ghana (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	1,574	836	805	808	-19.9%
Togo	201	171	228	360	21.4%
Canada	953	N/A	N/A	N/A	0%
Others	9.0	301	5.0	4.0	-23.7%
Total	2,737	1,308	1,038	1,172	-24.6%