Price for Cereals; Barley, Other than Seed in Ghana - 2023
Contents:
- Price for Cereals; Barley, Other than Seed in Ghana (CIF) - 2022
- Imports of Cereals; Barley, Other than Seed in Ghana
Price for Cereals; Barley, Other than Seed in Ghana (CIF) - 2022
The average import price for cereals; barley, other than seeds stood at $807 per ton in 2022, growing by 24% against the previous year. Over the period under review, the import price continues to indicate strong growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 26% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($2,055 per ton), while the price for France ($492 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+17.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Cereals; Barley, Other than Seed in Ghana
For the third year in a row, Ghana recorded decline in overseas purchases of cereals; barley, other than seeds, which decreased by -15% to 3.6 tons in 2022. Overall, imports faced a deep setback. The smallest decline of -14.5% was in 2020.
In value terms, cereals; barley, other than seed imports expanded sharply to $2.9K in 2022. The total import value increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Barley, Other than Seed in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1,207 | 1,354 | 1,297 | 1,379 | 4.5% |
| France | 861 | 1,065 | 1,125 | 1,320 | 15.3% |
| United Kingdom | 66.0 | 56.0 | 73.0 | 108 | 17.8% |
| Others | 352 | 152 | 281 | 127 | -28.8% |
| Total | 2,486 | 2,627 | 2,776 | 2,934 | 5.7% |
Top Suppliers of Cereals; Barley, Other than Seed to Ghana in 2022:
- France (2684.0 kg)
- Belgium (671.0 kg)
- United Kingdom (189.0 kg)
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