Price for Food Preparations Not Elsewhere Specified or Included in Ghana - 2022
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Ghana (CIF) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in Ghana (FOB) - 2022
- Imports of Food Preparations Not Elsewhere Specified or Included in Ghana
- Exports of Food Preparations Not Elsewhere Specified or Included in Ghana
Price for Food Preparations Not Elsewhere Specified or Included in Ghana (CIF) - 2022
The average import price for food preparations not elsewhere specified or included stood at $2,247 per ton in 2022, dropping by -1.9% against the previous year. In general, the import price recorded a slight contraction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 57%. The import price peaked at $2,641 per ton in 2014; however, from 2015 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 the UK ($11,100 per ton), while the price for Italy ($1,047 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 (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Ghana (FOB) - 2022
The average export price for food preparations not elsewhere specified or included stood at $2,130 per ton in 2022, shrinking by -14.3% against the previous year. Over the period under review, the export price, however, enjoyed a measured expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 107% against the previous year. Over the period under review, the average export prices attained the maximum at $2,510 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($27,322 per ton), while the average price for exports to the UK ($430 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 Nigeria (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in Ghana
In 2022, after three years of growth, there was significant decline in supplies from abroad of food preparations not elsewhere specified or included, when their volume decreased by -16.5% to 54K tons. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 47% against the previous year. As a result, imports attained the peak of 65K tons, and then plummeted in the following year.
In value terms, imports of food preparations not elsewhere specified or included dropped markedly to $122M in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 103%.
| Import of Food Preparations Not Elsewhere Specified or Included in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.9 | 28.8 | 42.8 | 34.3 | 29.2% |
| Germany | 2.8 | 10.2 | 16.9 | 13.7 | 69.8% |
| United States | 2.9 | 7.3 | 13.5 | 10.0 | 51.1% |
| Netherlands | 3.1 | 4.1 | 4.4 | 6.4 | 27.3% |
| India | 1.1 | 4.4 | 6.5 | 6.1 | 77.0% |
| Italy | 0.6 | 1.7 | 3.5 | 3.6 | 81.7% |
| Thailand | 0.9 | 1.3 | 1.6 | 1.7 | 23.6% |
| Others | 19.6 | 37.5 | 60.1 | 46.6 | 33.5% |
| Total | 46.9 | 95.3 | 149 | 122 | 37.5% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Ghana in 2022:
- China (21.0K tons)
- Germany (4.6K tons)
- Italy (3.4K tons)
- India (2.9K tons)
- United States (2.5K tons)
- Netherlands (2.4K tons)
- Thailand (0.8K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Ghana
Exports of food preparations not elsewhere specified or included from Ghana reduced to 537 tons in 2022, which is down by -12.1% against the previous year's figure. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +8.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 69% against the previous year. As a result, the exports attained the peak of 611 tons, and then shrank in the following year.
In value terms, exports of food preparations not elsewhere specified or included dropped notably to $1.1M in 2022. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 97%. As a result, the exports attained the peak of $1.5M, and then dropped sharply in the following year.
| Export of Food Preparations Not Elsewhere Specified or Included in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 8.0 | 78.9 | 78.2 | 203 | 193.9% |
| Italy | 82.2 | 98.6 | 334 | 175 | 28.6% |
| Cote d'Ivoire | 209 | 72.9 | 131 | 155 | -9.5% |
| Nigeria | N/A | 26.0 | 7.6 | 90.1 | 86.2% |
| Canada | 54.7 | 83.9 | 72.4 | 75.2 | 11.2% |
| Senegal | 160 | 11.0 | 1.7 | 26.0 | -45.4% |
| United States | 15.2 | 85.9 | 46.2 | 12.4 | -6.6% |
| Netherlands | 1.1 | 4.4 | 57.3 | 9.8 | 107.3% |
| Belgium | 3.3 | 18.3 | 13.7 | 7.4 | 30.9% |
| United Kingdom | 2.5 | 8.2 | 4.7 | 7.2 | 42.3% |
| Niger | 1.8 | 26.4 | 2.6 | 1.8 | 0.0% |
| Togo | 12.3 | 14.2 | 29.1 | N/A | 53.8% |
| Others | 385 | 241 | 739 | 381 | -0.3% |
| Total | 935 | 770 | 1,518 | 1,144 | 7.0% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Ghana in 2022:
- Cote d'Ivoire (194.9 tons)
- United Arab Emirates (81.1 tons)
- Italy (51.8 tons)
- Canada (29.0 tons)
- United Kingdom (16.7 tons)
- Nigeria (15.8 tons)
- Belgium (10.2 tons)
- United States (7.4 tons)
- Senegal (6.7 tons)
- Netherlands (6.5 tons)
- Niger (1.4 tons)
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