Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ghana - 2023

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ghana (CIF) - 2022
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ghana (FOB) - 2022
3. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ghana
4. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ghana

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ghana (CIF) - 2022

The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $845 per ton in 2022, shrinking by -6.8% against the previous year. Overall, the import price recorded a perceptible slump. The pace of growth was the most pronounced in 2020 when the average import price increased by 41% against the previous year. Over the period under review, average import prices attained the peak figure at $1,093 per ton in 2012; however, from 2013 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 Spain ($1,382 per ton), while the price for Cote d'Ivoire ($317 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ghana (FOB) - 2022

The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,238 per ton in 2022, with a decrease of -16.6% against the previous year. Overall, the export price, however, showed noticeable growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 103%. The export price peaked at $2,362 per ton in 2017; however, from 2018 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 Egypt ($5,103 per ton), while the average price for exports to Ethiopia ($39 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 (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ghana

In 2022, supplies from abroad of liquid margarine and edible mixtures of animal or vegetable fats was finally on the rise to reach 2.9K tons after two years of decline. Overall, imports, however, recorded a sharp curtailment.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats soared to $2.5M in 2022. In general, imports, however, continue to indicate a abrupt decrease.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Ghana in 2022:

1. Indonesia (2221.8 tons)
2. Cote d'Ivoire (225.2 tons)
3. Egypt (201.0 tons)
4. Singapore (149.5 tons)
5. India (62.8 tons)
6. Malaysia (33.5 tons)

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ghana

After three years of growth, shipments abroad of liquid margarine and edible mixtures of animal or vegetable fats decreased by -25.6% to 56 tons in 2022. Over the period under review, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by 105% against the previous year. As a result, the exports attained the peak of 75 tons, and then reduced sharply in the following year.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats declined remarkably to $69K in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 316% against the previous year. As a result, the exports attained the peak of $112K, and then reduced rapidly in the following year.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Ghana in 2022:

1. Niger (17.0 tons)
2. Togo (11.9 tons)
3. Ethiopia (5.4 tons)
4. Italy (5.1 tons)
5. Egypt (3.7 tons)
6. Nigeria (3.7 tons)
7. Canada (2.8 tons)
8. United Kingdom (2.3 tons)
9. Ireland (1.5 tons)
10. United States (0.8 tons)
11. Netherlands (0.3 tons)
12. Burkina Faso (0.1 tons)

Source: IndexBox Market Intelligence Platform