Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Ghana - 2022
Contents:
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Ghana (FOB) - 2022
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Ghana (CIF) - 2022
- Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Ghana
- Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Ghana
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Ghana (FOB) - 2022
The average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $945 per ton in 2022, picking up by 4% against the previous year. In general, the export price enjoyed a moderate expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,344 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($2,257 per ton), while the average price for exports to the United States ($269 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 Cote d'Ivoire (+15.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Ghana (CIF) - 2022
The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $1,322 per ton in 2022, which is down by -8.2% against the previous year. Over the period under review, the import price, however, showed resilient growth. The growth pace was the most rapid in 2013 an increase of 104% against the previous year. Over the period under review, average import prices reached the peak figure at $1,441 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($3,741 per ton), while the price for Brazil ($711 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Ghana
Exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) from Ghana expanded significantly to 437 tons in 2022, growing by 12% compared with 2021 figures. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 2,522% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) surged to $413K in 2022. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 4,413%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | N/A | N/A | 331 | 406 | 22.7% |
| United Kingdom | 8.9 | 3.3 | 9.1 | 2.5 | -34.5% |
| United States | 4.8 | 1.9 | 5.3 | 1.5 | -32.1% |
| Others | 6.8 | 2.7 | 8.6 | 2.9 | -24.7% |
| Total | 20.6 | 7.8 | 354 | 413 | 171.7% |
Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) from Ghana in 2022:
- Burkina Faso (426.8 tons)
- United States (5.6 tons)
- United Kingdom (2.1 tons)
Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Ghana
In 2022, purchases abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) decreased by -3.8% to 61 tons, falling for the second year in a row after two years of growth. Overall, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 172% against the previous year. As a result, imports attained the peak of 78 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) declined to $81K in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 346% against the previous year. As a result, imports reached the peak of $103K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 16.0 | 69.7 | 54.8 | 32.7 | 26.9% |
| Brazil | 2.2 | 13.5 | 18.4 | 23.4 | 119.9% |
| United States | 0.7 | 3.8 | 4.8 | 5.8 | 102.4% |
| Argentina | 1.2 | 5.0 | 4.7 | 4.1 | 50.6% |
| Lebanon | 1.3 | 3.3 | N/A | 4.0 | 45.4% |
| Netherlands | 0.3 | 1.9 | 2.6 | 3.3 | 122.4% |
| United Kingdom | 0.2 | 0.9 | 1.1 | 1.1 | 76.5% |
| Others | 1.1 | 4.5 | 5.6 | 6.8 | 83.5% |
| Total | 23.1 | 103 | 92.0 | 81.2 | 52.0% |
Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) to Ghana in 2022:
- Brazil (32.9 tons)
- Malaysia (9.6 tons)
- United States (5.8 tons)
- Argentina (5.5 tons)
- Lebanon (2.6 tons)
- Netherlands (1.2 tons)
- United Kingdom (0.8 tons)
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