Price for Soya Beans; Other than Seed, Whether or Not Broken in Ghana - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Ghana (FOB) - 2022
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Ghana (CIF) - 2022
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Ghana
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Ghana
Price for Soya Beans; Other than Seed, Whether or Not Broken in Ghana (FOB) - 2022
The average export price for soya beans; other than seed, whether or not brokens stood at $642 per ton in 2022, dropping by -6.7% against the previous year. In general, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,761 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
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 Canada ($857 per ton), while the average price for exports to India ($562 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 Vietnam (+35.6%), while the prices for the other major destinations experienced a decline.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Ghana (CIF) - 2022
In 2022, the average import price for soya beans; other than seed, whether or not brokens amounted to $306 per ton, with an increase of 19% against the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. The import price peaked at $514 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Togo ($594 per ton), while the price for Burkina Faso ($273 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+16.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Ghana
In 2022, shipments abroad of soya beans; other than seed, whether or not brokens decreased by -15.1% to 13K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.3% 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 +74.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year.
In value terms, exports of soya beans; other than seed, whether or not brokens declined dramatically to $8.4M in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 71%.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 2.1 | 2.9 | 4.3 | 43.1% |
| Turkey | 0.4 | 0.7 | 4.1 | 2.3 | 79.2% |
| India | 2.9 | 3.0 | 3.4 | 1.3 | -23.5% |
| Canada | N/A | N/A | N/A | 0.4 | 0% |
| Vietnam | N/A | 0.4 | 0.1 | N/A | -75.0% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 3.6 | 6.2 | 10.6 | 8.4 | 32.6% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Ghana in 2022:
- United States (6.3K tons)
- Turkey (3.9K tons)
- India (2.3K tons)
- Canada (0.5K tons)
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Ghana
In 2022, approx. 3.1K tons of soya beans; other than seed, whether or not brokens were imported into Ghana; with a decrease of -35% compared with the previous year's figure. Over the period under review, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 152% against the previous year. As a result, imports reached the peak of 4.7K tons, and then declined notably in the following year.
In value terms, imports of soya beans; other than seed, whether or not brokens fell rapidly to $942K in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 85%. As a result, imports attained the peak of $1.2M, and then shrank notably in the following year.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | 71.2 | 301 | 784 | 748 | 119.0% |
| Togo | 3.6 | 8.2 | 181 | 128 | 228.8% |
| United States | 854 | 350 | 255 | 64.3 | -57.8% |
| Others | 3.2 | 1.7 | 3.0 | 1.5 | -22.3% |
| Total | 932 | 661 | 1,223 | 942 | 0.4% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Ghana in 2022:
- Burkina Faso (2743.9 tons)
- Togo (215.4 tons)
- United States (120.2 tons)
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