Price for Protein; Concentrates and Textured Protein Substances in Ghana - 2023
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Ghana (CIF) - 2022
- Price for Protein; Concentrates and Textured Protein Substances in Ghana (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in Ghana
- Exports of Protein; Concentrates and Textured Protein Substances in Ghana
Price for Protein; Concentrates and Textured Protein Substances in Ghana (CIF) - 2022
In 2022, the average import price for protein; concentrates and textured protein substanceses amounted to $2,784 per ton, with an increase of 12% against the previous year. In general, the import price showed tangible growth. The growth pace was the most rapid in 2014 when the average import price increased by 108%. As a result, import price reached the peak level of $4,565 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($3,874 per ton), while the price for Nigeria ($247 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+623.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Ghana (FOB) - 2022
In 2022, the average export price for protein; concentrates and textured protein substanceses amounted to $5,875 per ton, declining by -23.1% against the previous year. In general, the export price, however, posted a prominent expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 100% against the previous year. Over the period under review, the average export prices hit record highs at $7,636 per ton in 2021, and then shrank markedly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($47,813 per ton), while the average price for exports to Swaziland ($1,800 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 Rwanda (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Protein; Concentrates and Textured Protein Substances in Ghana
In 2022, purchases abroad of protein; concentrates and textured protein substanceses decreased by -10% to 583 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 70% against the previous year.
In value terms, imports of protein; concentrates and textured protein substanceses totaled $1.6M in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 167%. As a result, imports reached the peak of $1.6M; afterwards, it flattened through to 2022.
| Import of Protein; Concentrates and Textured Protein Substances in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | N/A | N/A | N/A | 316 | 0% |
| India | 332 | 815 | 548 | 292 | -4.2% |
| United States | 1.6 | 7.5 | 16.4 | 290 | 465.9% |
| United Kingdom | 3.7 | 12.8 | 20.4 | 195 | 274.9% |
| South Africa | 11.2 | 359 | 240 | 185 | 154.7% |
| Greece | N/A | N/A | N/A | 121 | 0% |
| Belgium | 121 | 258 | 130 | 103 | -5.2% |
| China | 41.4 | 46.7 | 24.2 | 23.7 | -17.0% |
| Nigeria | 9.3 | 15.2 | 16.8 | 16.2 | 20.3% |
| Poland | N/A | N/A | 479 | N/A | 0% |
| Others | 91.0 | 114 | 141 | 80.6 | -4.0% |
| Total | 610 | 1,629 | 1,616 | 1,622 | 38.5% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Ghana in 2022:
- India (115.2 tons)
- Kenya (89.0 tons)
- United States (83.4 tons)
- Nigeria (65.3 tons)
- United Kingdom (58.5 tons)
- South Africa (51.3 tons)
- China (33.7 tons)
- Belgium (32.1 tons)
- Greece (31.2 tons)
Exports of Protein; Concentrates and Textured Protein Substances in Ghana
In 2022, the amount of protein; concentrates and textured protein substanceses exported from Ghana rose significantly to 678 kg, growing by 10% against 2021. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 3,465%. As a result, the exports reached the peak of 713 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of protein; concentrates and textured protein substanceses contracted sharply to $4K in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 5,745%.
| Export of Protein; Concentrates and Textured Protein Substances in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 34.0 | 53.0 | 374 | 1,055 | 214.2% |
| Swaziland | 9.0 | 425 | 385 | 943 | 371.4% |
| France | N/A | N/A | N/A | 765 | 0% |
| Netherlands | 2.0 | 105 | 96.0 | 308 | 436.0% |
| Bermuda | 8.0 | 234 | 440 | 112 | 141.0% |
| Botswana | 1.0 | 84.0 | 16.0 | 90.0 | 348.1% |
| Switzerland | N/A | 321 | 13.0 | N/A | -96.0% |
| Uganda | N/A | N/A | 30.0 | N/A | 0% |
| Kuwait | N/A | 1,742 | 2,644 | N/A | 51.8% |
| Others | 2.0 | 309 | 698 | 710 | 608.1% |
| Total | 56.0 | 3,273 | 4,696 | 3,983 | 314.3% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Ghana in 2022:
- Swaziland (524.0 kg)
- Rwanda (84.0 kg)
- Bermuda (18.0 kg)
- Netherlands (16.0 kg)
- France (16.0 kg)
- Botswana (16.0 kg)
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