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Ghana - Cereal Grain Products (Including Corn Flakes) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGhana: Market for Cereal Grain Products (Including Corn Flakes) 2024
Market Size for Cereal Grain Products (Including Corn Flakes) in Ghana
In 2023, the Ghanian market for cereal grain products (including corn flakes) decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption continues to indicate a buoyant increase. Corn flakes and cereal products consumption peaked at $X in 2022, and then shrank slightly in the following year.
Production of Cereal Grain Products (Including Corn Flakes) in Ghana
In value terms, corn flakes and cereal products production contracted sharply to $X in 2023 estimated in export price. Overall, production showed a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Corn flakes and cereal products production peaked at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.
Exports of Cereal Grain Products (Including Corn Flakes)
Exports from Ghana
In 2023, corn flakes and cereal products exports from Ghana surged to X tons, with an increase of X% compared with 2022 figures. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in the near future.
In value terms, corn flakes and cereal products exports soared to $X in 2023. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2022 when exports increased by X%. The exports peaked in 2023 and are likely to see gradual growth in the immediate term.
Exports by Country
Cameroon (X tons) was the main destination for corn flakes and cereal products exports from Ghana, with a X% share of total exports. Moreover, corn flakes and cereal products exports to Cameroon exceeded the volume sent to the second major destination, South Africa (X tons), twofold. The third position in this ranking was taken by Burkina Faso (X tons), with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume to Cameroon was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Burkina Faso (X% per year).
In value terms, Cameroon ($X) emerged as the key foreign market for cereal grain products (including corn flakes) exports from Ghana, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by Burkina Faso, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value to Cameroon was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Burkina Faso (X% per year).
Export Prices by Country
In 2023, the average export price for cereal grain products (including corn flakes) amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price recorded a resilient expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2023, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mali ($X per ton), while the average price for exports to Cote d'Ivoire ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Grain Products (Including Corn Flakes)
Imports into Ghana
Corn flakes and cereal products imports into Ghana rose markedly to X tons in 2023, picking up by X% against 2022. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.
In value terms, corn flakes and cereal products imports shrank slightly to $X in 2023. In general, imports showed a significant increase. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2022, and then shrank modestly in the following year.
Imports by Country
In 2023, Canada (X tons) constituted the largest supplier of corn flakes and cereal products to Ghana, accounting for a X% share of total imports. Moreover, corn flakes and cereal products imports from Canada exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. The third position in this ranking was taken by France (X tons), with a X% share.
From 2012 to 2023, the average annual growth rate of volume from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and France (X% per year).
In value terms, Canada ($X) constituted the largest supplier of cereal grain products (including corn flakes) to Ghana, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by France, with an X% share.
From 2012 to 2023, the average annual rate of growth in terms of value from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and France (X% per year).
Import Prices by Country
The average import price for cereal grain products (including corn flakes) stood at $X per ton in 2023, dropping by X% against the previous year. In general, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2023, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for corn flakes and cereal products in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10613333 - Rolled, flaked, hulled, pearled, sliced or kibbled cereal grains (excluding rice)
- Prodcom 10613335 - Germ of cereals, whole, rolled, flaked or ground (excluding rice)
- Prodcom 10613351 - Muesli type preparations based on unroasted cereal flakes
- Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals
- Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)
Country coverage:
- Ghana
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ghana
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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