Onion Price in Ghana - 2023
Contents:
- Onion Price in Ghana (CIF) - 2022
- Onion Price in Ghana (FOB) - 2022
- Onion Imports in Ghana
- Onion Exports in Ghana
Onion Price in Ghana (CIF) - 2022
The average onion import price stood at $128 per ton in 2022, rising by 222% against the previous year. Overall, the import price, however, continues to indicate a pronounced reduction. The import price peaked at $194 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($313 per ton), while the price for Niger ($41 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+0.5%), while the prices for the other major suppliers experienced a decline.
Onion Price in Ghana (FOB) - 2022
The average onion export price stood at $323 per ton in 2022, growing by 13% against the previous year. Overall, the export price posted buoyant growth. The pace of growth appeared the most rapid in 2018 an increase of 105% against the previous year. As a result, the export price reached the peak level of $336 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($2,609 per ton), while the average price for exports to Cote d'Ivoire ($272 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 Germany (+41.3%), while the prices for the other major destinations experienced mixed trend patterns.
Onion Imports in Ghana
In 2022, overseas purchases of onions (dry) decreased by -29.9% to 21K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate a significant curtailment.
In value terms, onion imports contracted markedly to $2.5M in 2022. Overall, imports showed a sharp downturn.
| Import of Onion in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 179 | N/A | 220 | 846 | 67.8% |
| Burkina Faso | 2.5 | N/A | 640 | 731 | 563.7% |
| Belgium | 104 | N/A | 576 | 311 | 44.1% |
| Morocco | 6.8 | N/A | 938 | 246 | 230.7% |
| Netherlands | 145 | N/A | 233 | 233 | 17.1% |
| Cote d'Ivoire | 2.5 | N/A | 124 | 53.6 | 177.8% |
| Niger | 10,230 | N/A | 623 | 7.4 | -91.0% |
| Others | 335 | N/A | 186 | 122 | -28.6% |
| Total | 11,006 | N/A | 3,539 | 2,550 | -38.6% |
Top Suppliers of Onion to Ghana in 2022:
- Burkina Faso (14.1K tons)
- Egypt (3.8K tons)
- Belgium (1.0K tons)
- Netherlands (0.8K tons)
- Morocco (0.8K tons)
- Cote d'Ivoire (0.3K tons)
- Niger (0.2K tons)
Onion Exports in Ghana
Onion exports from Ghana surged to 1.8K tons in 2022, rising by 114% against the year before. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, onion exports soared to $576K in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Onion in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 60.8 | N/A | 95.5 | 448 | 94.6% |
| Germany | 3.2 | N/A | 42.9 | 78.9 | 191.1% |
| United Kingdom | 52.9 | N/A | 82.7 | 37.8 | -10.6% |
| Others | 1.8 | N/A | 18.0 | 10.7 | 81.1% |
| Total | 119 | N/A | 239 | 576 | 69.2% |
Top Export Markets for Onion from Ghana in 2022:
- Cote d'Ivoire (1645.5 tons)
- United Kingdom (93.9 tons)
- Germany (30.2 tons)
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