Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Ghana - 2022
Contents:
- Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Ghana (FOB) - 2022
- Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Ghana (CIF) - 2022
- Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Ghana
- Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Ghana
Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Ghana (FOB) - 2022
In 2022, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $968 per ton, rising by 3.5% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -1.2% against 2020 indices. The growth pace was the most rapid in 2020 an increase of 70%. As a result, the export price reached the peak level of $979 per ton. From 2021 to 2022, the average 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 Canada ($1,655 per ton), while the average price for exports to Niger ($59 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 Canada (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Ghana (CIF) - 2022
In 2022, the average import price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $309 per ton, falling by -10.4% against the previous year. Over the period under review, the import price saw a pronounced descent. The growth pace was the most rapid in 2014 an increase of 29%. The import price peaked at $498 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Nigeria ($973 per ton), while the price for Cote d'Ivoire ($38 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+13.1%), while the prices for the other major suppliers experienced a decline.
Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Ghana
In 2022, after three years of growth, there was significant decline in shipments abroad of flour and meal; of sago, roots or tubers of heading no. 0714, when their volume decreased by -9.2% to 3.7K tons. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +19.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 57% against the previous year.
In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 declined to $3.6M in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 168%.
| Export of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 360 | 880 | 1,228 | 991 | 40.1% |
| United Kingdom | 251 | 782 | 665 | 706 | 41.2% |
| Netherlands | 179 | 523 | 600 | 516 | 42.3% |
| India | 179 | 254 | 313 | 368 | 27.2% |
| Canada | 21.3 | 388 | 349 | 268 | 132.6% |
| Italy | 8.5 | 138 | 200 | 223 | 197.1% |
| United Arab Emirates | 1.1 | 3.6 | 10.6 | 86.5 | 328.4% |
| Australia | 13.9 | 50.8 | 68.1 | 69.4 | 70.9% |
| Belgium | 17.9 | 75.1 | 86.2 | 69.1 | 56.9% |
| Gabon | 14.5 | 21.9 | 36.5 | 36.0 | 35.4% |
| Spain | 11.2 | 5.0 | 27.9 | 31.4 | 41.0% |
| France | 30.7 | 19.1 | 2.0 | 19.2 | -14.5% |
| Niger | 57.6 | 32.6 | 7.7 | 5.0 | -55.7% |
| Others | 97.1 | 153 | 186 | 165 | 19.3% |
| Total | 1,243 | 3,326 | 3,780 | 3,553 | 41.9% |
Top Export Markets for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 from Ghana in 2022:
- United Kingdom (896.0 tons)
- United States (778.5 tons)
- Netherlands (449.7 tons)
- India (348.9 tons)
- Italy (224.5 tons)
- United Arab Emirates (171.2 tons)
- Canada (161.6 tons)
- Gabon (115.6 tons)
- France (84.2 tons)
- Niger (83.9 tons)
- Spain (66.9 tons)
- Belgium (60.2 tons)
- Australia (55.6 tons)
Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Ghana
In 2022, supplies from abroad of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -6.9% to 328 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 56% against the previous year.
In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 contracted significantly to $101K in 2022. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 98% against the previous year.
| Import of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 19.4 | 46.5 | 90.6 | 47.6 | 34.9% |
| United States | 2.1 | 6.1 | 9.5 | 32.9 | 150.2% |
| Togo | 12.2 | 16.4 | 11.8 | 10.5 | -4.9% |
| China | 1.6 | 2.3 | 1.8 | 1.8 | 4.0% |
| Belgium | 0.7 | 1.3 | 1.3 | 1.6 | 31.7% |
| Cote d'Ivoire | 1.3 | 1.6 | 1.0 | 1.1 | -5.4% |
| Others | 3.6 | 7.0 | 5.5 | 6.0 | 18.6% |
| Total | 41.0 | 81.3 | 122 | 101 | 35.1% |
Top Suppliers of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 to Ghana in 2022:
- Togo (157.8 tons)
- United States (72.8 tons)
- Nigeria (48.9 tons)
- Cote d'Ivoire (28.0 tons)
- Belgium (7.7 tons)
- China (6.1 tons)
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