Price for Buckwheat, Millet and Canary Seed; Other Cereals in Ghana - 2022
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Ghana (CIF) - 2022
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Ghana (FOB) - 2022
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Ghana
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Ghana
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Ghana (CIF) - 2022
In 2022, the average import price for buckwheat, millet and canary seed; other cerealses amounted to $573 per ton, which is down by -47.1% against the previous year. In general, the import price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 an increase of 178% against the previous year. As a result, import price attained the peak level of $1,084 per ton, and then declined dramatically in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Nigeria ($1,813 per ton), while the price for Mali ($33 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Ghana (FOB) - 2022
The average export price for buckwheat, millet and canary seed; other cerealses stood at $1,095 per ton in 2022, with a decrease of -17.2% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 69%. The export price peaked at $1,323 per ton in 2021, and then fell significantly in the following year.
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 Israel ($3,476 per ton), while the average price for exports to Burkina Faso ($89 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 (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Ghana
Imports of buckwheat, millet and canary seed; other cerealses into Ghana skyrocketed to 3.6K tons in 2022, growing by 99% against the previous year's figure. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 121% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of buckwheat, millet and canary seed; other cerealses stood at $2.1M in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 515% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 57.0 | 107 | 1,629 | 1,663 | 207.8% |
| Cote d'Ivoire | 22.8 | 22.6 | 58.3 | 146 | 85.7% |
| Senegal | 215 | 106 | 130 | 129 | -15.7% |
| Canada | 3.2 | 15.6 | 45.2 | 41.0 | 134.0% |
| Burkina Faso | 19.2 | 12.2 | 20.0 | 19.2 | 0.0% |
| Niger | 1.0 | 2.7 | 19.4 | 17.7 | 160.6% |
| Togo | 8.4 | 6.0 | 10.9 | 11.7 | 11.7% |
| Others | 65.3 | 50.0 | 66.0 | 57.4 | -4.2% |
| Total | 392 | 322 | 1,979 | 2,086 | 74.6% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Ghana in 2022:
- Cote d'Ivoire (1201.6 tons)
- Nigeria (917.1 tons)
- Niger (383.5 tons)
- Senegal (357.4 tons)
- Burkina Faso (339.0 tons)
- Canada (155.7 tons)
- Togo (100.9 tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Ghana
After two years of decline, shipments abroad of buckwheat, millet and canary seed; other cerealses increased by 40% to 135 tons in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern.
In value terms, exports of buckwheat, millet and canary seed; other cerealses soared to $148K in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +23.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 27.6 | 89.9 | 20.4 | 63.4 | 31.9% |
| Israel | 0.1 | N/A | N/A | 30.7 | 574.6% |
| United Kingdom | 13.0 | 0.9 | 3.4 | 16.7 | 8.7% |
| France | 1.8 | 2.1 | 0.9 | 8.8 | 69.7% |
| Niger | 8.5 | 5.0 | 1.8 | 7.4 | -4.5% |
| Belgium | 0.9 | 0.1 | 0.3 | 2.4 | 38.7% |
| Burkina Faso | 4.4 | 0.2 | 0.5 | 2.2 | -20.6% |
| South Africa | 0.3 | 0.7 | 0.4 | 1.3 | 63.0% |
| Spain | 5.8 | N/A | N/A | N/A | 0% |
| Gabon | N/A | N/A | 2.1 | N/A | 0% |
| Malaysia | N/A | N/A | 96.3 | N/A | 0% |
| Others | 16.0 | 8.4 | 1.5 | 14.8 | -2.6% |
| Total | 78.4 | 107 | 128 | 148 | 23.6% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Ghana in 2022:
- United States (38.7 tons)
- Burkina Faso (25.1 tons)
- Niger (23.7 tons)
- France (11.6 tons)
- United Kingdom (8.9 tons)
- Israel (8.8 tons)
- Belgium (7.3 tons)
- South Africa (4.4 tons)
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