Price for Cereals; Maize (Corn), Other than Seed in Ghana - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Ghana (CIF) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in Ghana (FOB) - 2023
- Imports of Cereals; Maize (Corn), Other than Seed in Ghana
- Exports of Cereals; Maize (Corn), Other than Seed in Ghana
Price for Cereals; Maize (Corn), Other than Seed in Ghana (CIF) - 2022
The average import price for cereals; maize (corn), other than seeds stood at $259 per ton in 2022, increasing by 5.4% against the previous year. In general, the import price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2019 an increase of 30%. The import price peaked at $324 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 Burkina Faso ($462 per ton), while the price for Togo ($158 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (+15.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Maize (Corn), Other than Seed in Ghana (FOB) - 2023
In August 2023, the average export price for cereals; maize (corn), other than seeds amounted to $2,000 per ton, therefore, remained relatively stable against the previous month. Over the period under review, the export price saw a significant expansion. The export price peaked in August 2023.
As there is only one major export destination, the average price level is determined by prices for Malawi.
From December 2022 to August 2023, the rate of growth in terms of prices for Malawi amounted to 0.0% per month.
Imports of Cereals; Maize (Corn), Other than Seed in Ghana
In 2022, imports of cereals; maize (corn), other than seeds into Ghana dropped remarkably to 44K tons, waning by -47.5% on 2021. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 1,117%. As a result, imports reached the peak of 85K tons, and then declined notably in the following year.
In value terms, imports of cereals; maize (corn), other than seeds contracted remarkably to $12M in 2022. In general, imports, however, showed a moderate expansion. The pace of growth appeared the most rapid in 2021 with an increase of 826%. As a result, imports attained the peak of $21M, and then reduced rapidly in the following year.
| Import of Cereals; Maize (Corn), Other than Seed in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 1.9 | 0.8 | 16.9 | 9.1 | 68.6% |
| United Kingdom | 4.2 | 0.6 | 1.6 | 0.9 | -40.2% |
| Burkina Faso | 1.6 | 0.2 | 0.6 | 0.4 | -37.0% |
| South Africa | 0.2 | 0.1 | 0.5 | 0.3 | 14.5% |
| Togo | 0.6 | 0.1 | 0.2 | 0.1 | -45.0% |
| Others | 2.3 | 0.4 | 1.0 | 0.6 | -36.1% |
| Total | 10.8 | 2.2 | 20.8 | 11.5 | 2.1% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Ghana in 2022:
- Argentina (38.0K tons)
- United Kingdom (3.4K tons)
- Togo (0.9K tons)
- Burkina Faso (0.8K tons)
- South Africa (0.6K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Ghana
For the fourth consecutive year, Ghana recorded growth in shipments abroad of cereals; maize (corn), other than seeds, which increased by 5.2% to 617 tons in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 145%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of cereals; maize (corn), other than seeds dropped remarkably to $68K in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 89%.
| Export of Cereals; Maize (Corn), Other than Seed in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 6.5 | 49.8 | 23.3 | 22.0 | 50.1% |
| Togo | 6.9 | 1.7 | 12.3 | 11.2 | 17.5% |
| Burkina Faso | 4.8 | 1.2 | 7.6 | 6.0 | 7.7% |
| Others | 10.8 | 2.1 | 37.4 | 28.5 | 38.2% |
| Total | 29.0 | 54.7 | 80.5 | 67.6 | 32.6% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Ghana in 2022:
- Niger (406.1 tons)
- Togo (145.1 tons)
- Burkina Faso (46.6 tons)
2145
This report provides an in-depth analysis of the maize market in Ghana.
352
This report provides an in-depth analysis of the grain market in Ghana.
8033
This report provides an in-depth analysis of the global maize market.
4234
This report provides an in-depth analysis of the global grain market.
2145
This report provides an in-depth analysis of the maize market in Ghana.
8033
This report provides an in-depth analysis of the global maize market.
219
Discover the key import markets for maize globally, including China, Mexico, Japan, and more. Learn about the demand drivers and trends shaping the maize trade.
1871
The global maize market contracted to $404.6B in 2021, declining by -6.1% against the previous year.
2092
The global maize market is expected to reach a production volume of more than 1.2 billion metric tons by the end of 2025.
578
In 2022, corn prices are projected to drop by approximately 10% y/y due to an expected all-time record high global production, which is to reach 1.2B tons. This forecast is subject to a number of risks, such as volatile fertilizer and energy prices, high freight rates, biofuel policies and weather conditions.
1338
Driven by rising demand from the food industry and favourable weather, global corn production increased significantly in 2020. The rise in prices made the raw corn-based production of bioethanol unprofitable amid the low cost of traditional fuels due to the pandemic, resulting in the closure of some distilleries. In the future, the growing demand for alternative fuels is expected to offset this shift and promote the corn market.
1570
Global Maize Market: In 2017, the global maize market amounted to X tons, posting solid average +X% gains over the last decade. Since 2013, consumption growth has accelerated, against rising demand and a long
1070
The U.S. was the key world maize producing country with an output of about X tons in 2016, which accounted for X% of total global output. The other major producers were China (X%), Brazil (X%) and Ukraine (X>
5647
Global maize consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
1536
In 2015, the countries with the highest levels of maize production were the United States (X thousand tons), China (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
1246
Designed to bring an unforgettable experience for children and adults alike, the Amaizing-Acres corn maze is certainly a place to visit this fall, a unique opportunity to enjoy a family get away surrounded by nature.
