Price for Flour and Meal; of Potatoes in Ghana - 2022

Contents:

1. Price for Flour and Meal; of Potatoes in Ghana (CIF) - 2022
2. Price for Flour and Meal; of Potatoes in Ghana (FOB) - 2022
3. Imports of Flour and Meal; of Potatoes in Ghana
4. Exports of Flour and Meal; of Potatoes in Ghana

Price for Flour and Meal; of Potatoes in Ghana (CIF) - 2022

In 2022, the average import price for flour and meal; of potatoeses amounted to $1,077 per ton, increasing by 7.6% against the previous year. In general, the import price, however, saw a slight decrease. The growth pace was the most rapid in 2013 when the average import price increased by 17%. Over the period under review, average import prices attained the maximum at $1,563 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($1,162 per ton), while the price for the United States ($753 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+0.9%), while the prices for the other major suppliers experienced a decline.

Price for Flour and Meal; of Potatoes in Ghana (FOB) - 2022

The average export price for flour and meal; of potatoeses stood at $1,043 per ton in 2022, which is down by -3% against the previous year. In general, the export price saw a drastic downturn. The pace of growth was the most pronounced in 2015 an increase of 138%. The export price peaked at $3,032 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($1,056 per ton), while the average price for exports to Canada totaled $551 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+7.6%), while the prices for the other major destinations experienced a decline.

Imports of Flour and Meal; of Potatoes in Ghana

In 2022, approx. 530 tons of flour and meal; of potatoeses were imported into Ghana; picking up by 73% compared with the previous year's figure. In general, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 122%. As a result, imports reached the peak of 649 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, flour and meal; of potatoes imports skyrocketed to $571K in 2022. Overall, imports recorded buoyant growth.

Top Suppliers of Flour and Meal; of Potatoes to Ghana in 2022:

1. Netherlands (486.8 tons)
2. Hong Kong SAR (19.1 tons)
3. United States (16.7 tons)
4. United Kingdom (7.2 tons)

Exports of Flour and Meal; of Potatoes in Ghana

In 2022, approx. 38 tons of flour and meal; of potatoeses were exported from Ghana; reducing by -44.1% against 2021. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,234%. As a result, the exports reached the peak of 69 tons, and then declined markedly in the following year.

In value terms, flour and meal; of potatoes exports contracted significantly to $40K in 2022. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 1,080%. As a result, the exports reached the peak of $74K, and then contracted significantly in the following year.

Top Export Markets for Flour and Meal; of Potatoes from Ghana in 2022:

1. United Kingdom (37.0 tons)
2. Canada (1.3 tons)

Source: IndexBox Market Intelligence Platform