Price for Cereal Flour; of Maize (Corn) in Ghana - 2023

Contents:

1. Price for Cereal Flour; of Maize (Corn) in Ghana (FOB) - 2022
2. Price for Cereal Flour; of Maize (Corn) in Ghana (CIF) - 2022
3. Exports of Cereal Flour; of Maize (Corn) in Ghana
4. Imports of Cereal Flour; of Maize (Corn) in Ghana

Price for Cereal Flour; of Maize (Corn) in Ghana (FOB) - 2022

The average export price for cereal flour; of maize (corn) stood at $985 per ton in 2022, dropping by -22.2% against the previous year. In general, the export price, however, continues to indicate a pronounced increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 53% against the previous year. As a result, the export price reached the peak level of $1,530 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, 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 States amounted to +12.8% per year.

Price for Cereal Flour; of Maize (Corn) in Ghana (CIF) - 2022

In 2022, the average import price for cereal flour; of maize (corn) amounted to $1,319 per ton, waning by -9.4% against the previous year. In general, the import price, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 91% against the previous year. The import price peaked at $1,456 per ton in 2021, and then reduced in the following year.

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 States amounted to +22.6% per year.

Exports of Cereal Flour; of Maize (Corn) in Ghana

In 2022, approx. 231 tons of cereal flour; of maize (corn) were exported from Ghana; increasing by 19% compared with 2021 figures. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.6% 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 +69.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, cereal flour; of maize (corn) exports dropped to $227K in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.0% 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 +44.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 33% against the previous year.

Top Export Markets for Cereal Flour; of Maize (Corn) from Ghana in 2022:

1. United Arab Emirates (230.5 tons)

Imports of Cereal Flour; of Maize (Corn) in Ghana

In 2022, purchases abroad of cereal flour; of maize (corn) was finally on the rise to reach 20 tons after two years of decline. Over the period under review, imports, however, showed a noticeable decrease.

In value terms, cereal flour; of maize (corn) imports contracted modestly to $26K in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 2.9%.

Top Suppliers of Cereal Flour; of Maize (Corn) to Ghana in 2022:

1. United Arab Emirates (19.7 tons)

Source: IndexBox Market Intelligence Platform