Price for Flour, Meal, and Flakes of Potatoes in Ghana - 2023
Contents:
- Price for Flour, Meal, and Flakes of Potatoes in Ghana (CIF) - 2022
- Price for Flour, Meal, and Flakes of Potatoes in Ghana (FOB) - 2022
- Imports of Flour, Meal, and Flakes of Potatoes in Ghana
- Exports of Flour, Meal, and Flakes of Potatoes in Ghana
Price for Flour, Meal, and Flakes of Potatoes in Ghana (CIF) - 2022
In 2022, the average import price for flour, meal, and flakes of potatoeses amounted to $1,088 per ton, surging by 5.8% against the previous year. Overall, the import price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 18%. Over the period under review, average import prices reached the maximum at $1,563 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
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 Hong Kong SAR ($1,234 per ton), while the price for Germany ($396 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 (+2.0%), while the prices for the other major suppliers experienced a decline.
Price for Flour, Meal, and Flakes of Potatoes in Ghana (FOB) - 2022
The average export price for flour, meal, and flakes of potatoeses stood at $1,014 per ton in 2022, which is down by -1.5% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 47%. Over the period under review, the average export prices reached the maximum at $1,492 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 ($1,040 per ton), while the average price for exports to Togo ($497 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 Germany (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Flour, Meal, and Flakes of Potatoes in Ghana
In 2022, approx. 555 tons of flour, meal, and flakes of potatoeses were imported into Ghana; rising by 67% against the year before. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 130%. As a result, imports attained the peak of 673 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of flour, meal, and flakes of potatoeses soared to $604K in 2022. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 89% against the previous year. As a result, imports attained the peak of $866K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Flour, Meal, and Flakes of Potatoes in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 402 | 682 | 206 | 545 | 10.7% |
| Hong Kong SAR | N/A | 5.4 | 5.1 | 22.9 | 105.9% |
| United States | 44.8 | 44.8 | 44.0 | 18.0 | -26.2% |
| Germany | N/A | N/A | N/A | 10.9 | 0% |
| United Kingdom | 4.7 | 101 | 13.9 | 7.1 | 14.7% |
| Nigeria | N/A | N/A | 35.4 | N/A | 0% |
| Denmark | N/A | 31.7 | 33.0 | N/A | 4.1% |
| Others | 5.8 | 1.5 | 4.4 | N/A | -12.9% |
| Total | 457 | 866 | 342 | 604 | 9.7% |
Top Suppliers of Flour, Meal, and Flakes of Potatoes to Ghana in 2022:
- Netherlands (472.8 tons)
- United States (29.6 tons)
- Germany (27.5 tons)
- Hong Kong SAR (18.5 tons)
- United Kingdom (7.0 tons)
Exports of Flour, Meal, and Flakes of Potatoes in Ghana
Exports of flour, meal, and flakes of potatoeses from Ghana fell dramatically to 41 tons in 2022, shrinking by -44.1% on the year before. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 573% against the previous year. As a result, the exports reached the peak of 73 tons, and then reduced sharply in the following year.
In value terms, exports of flour, meal, and flakes of potatoeses reduced dramatically to $41K in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 890% against the previous year. As a result, the exports attained the peak of $75K, and then fell significantly in the following year.
| Export of Flour, Meal, and Flakes of Potatoes in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | 56.7 | 39.8 | -29.8% |
| Canada | 5.7 | 3.0 | 5.8 | 0.7 | -50.3% |
| Togo | 0.5 | N/A | 1.0 | 0.5 | 0.0% |
| France | 2.8 | N/A | 0.6 | 0.2 | -58.5% |
| Germany | 2.3 | 3.2 | 2.7 | N/A | 8.3% |
| South Africa | 1.1 | N/A | N/A | N/A | 0% |
| Italy | N/A | N/A | 7.6 | N/A | 0% |
| Others | 0.2 | 1.3 | 0.5 | N/A | 58.1% |
| Total | 12.6 | 7.6 | 75.0 | 41.3 | 48.5% |
Top Export Markets for Flour, Meal, and Flakes of Potatoes from Ghana in 2022:
- United Kingdom (38.3 tons)
- Canada (1.2 tons)
- Togo (1.0 tons)
- France (0.2 tons)
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