Price for Soya Beans; Seed, Whether or Not Broken in Ghana - 2023
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in Ghana (FOB) - 2022
- Price for Soya Beans; Seed, Whether or Not Broken in Ghana (CIF) - 2022
- Exports of Soya Beans; Seed, Whether or Not Broken in Ghana
- Imports of Soya Beans; Seed, Whether or Not Broken in Ghana
Price for Soya Beans; Seed, Whether or Not Broken in Ghana (FOB) - 2022
The average export price for soya beans; seed, whether or not brokens stood at $636 per ton in 2022, picking up by 66% against the previous year. Overall, the export price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2016 an increase of 335%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,009 per ton), while the average price for exports to India ($385 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Soya Beans; Seed, Whether or Not Broken in Ghana (CIF) - 2022
The average import price for soya beans; seed, whether or not brokens stood at $732 per ton in 2022, surging by 123% against the previous year. Overall, the import price recorded a prominent increase. The pace of growth was the most pronounced in 2014 an increase of 1,174%. The import price peaked at $2,502 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 India ($5,481 per ton), while the price for Burkina Faso ($406 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by France (+873.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Soya Beans; Seed, Whether or Not Broken in Ghana
In 2022, exports of soya beans; seed, whether or not brokens from Ghana skyrocketed to 35K tons, picking up by 43% compared with the previous year. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of soya beans; seed, whether or not brokens soared to $22M in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Soya Beans; Seed, Whether or Not Broken in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.3 | N/A | 3.1 | 6.7 | 72.7% |
| United States | N/A | N/A | N/A | 2.3 | 0% |
| Singapore | N/A | N/A | 1.5 | 1.5 | 0.0% |
| Italy | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Turkey | 1.0 | N/A | N/A | N/A | 0% |
| Others | 2.3 | N/A | 4.7 | 11.1 | 69.0% |
| Total | 4.6 | N/A | 9.4 | 22.2 | 69.0% |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from Ghana in 2022:
- India (17.3K tons)
- United States (2.3K tons)
- Singapore (2.3K tons)
- Italy (1.0K tons)
Imports of Soya Beans; Seed, Whether or Not Broken in Ghana
In 2022, overseas purchases of soya beans; seed, whether or not brokens decreased by -99.1% to 7.9 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports faced a sharp shrinkage.
In value terms, imports of soya beans; seed, whether or not brokens fell rapidly to $5.8K in 2022. In general, imports faced a sharp setback.
| Import of Soya Beans; Seed, Whether or Not Broken in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 1.2 | 0% |
| Zimbabwe | N/A | N/A | N/A | 1.0 | 0% |
| Burkina Faso | N/A | N/A | 4.2 | 0.5 | -88.1% |
| France | N/A | N/A | N/A | 0.2 | 0% |
| China | N/A | N/A | 4.6 | 0.1 | -97.8% |
| Nigeria | 319 | N/A | N/A | N/A | 0% |
| United States | N/A | N/A | 88.5 | N/A | 0% |
| Brazil | N/A | N/A | 43.7 | N/A | 0% |
| Others | 320 | N/A | 146 | 2.9 | -79.2% |
| Total | 639 | N/A | 287 | 5.8 | -79.1% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to Ghana in 2022:
- Burkina Faso (1.2 tons)
- India (0.2 tons)
- Zimbabwe (0.2 tons)
- China (0.1 tons)
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