Cereals; Millet, Seed Price in Ghana - 2022
Contents:
- Cereals; Millet, Seed Price in Ghana (CIF) - 2022
- Cereals; Millet, Seed Price in Ghana (FOB) - 2022
- Cereals; Millet, Seed Imports in Ghana
- Cereals; Millet, Seed Exports in Ghana
Cereals; Millet, Seed Price in Ghana (CIF) - 2022
The average cereals; millet, seed import price stood at $156 per ton in 2022, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 31%. Over the period under review, average import prices hit record highs at $166 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Niger ($173 per ton), while the price for Burkina Faso totaled $154 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (+3.8%).
Cereals; Millet, Seed Price in Ghana (FOB) - 2022
In 2022, the average cereals; millet, seed export price amounted to $1,827 per ton, rising by 82% against the previous year. Overall, the export price posted strong growth. The pace of growth appeared the most rapid in 2020 an increase of 208%. The export price peaked in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,709 per ton), while the average price for exports to Ireland totaled $1,364 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.2%).
Cereals; Millet, Seed Imports in Ghana
In 2022, imports of cereals; millet, seeds into Ghana contracted to 75 tons, which is down by -8.4% on the year before. Overall, imports recorded a drastic downturn.
In value terms, cereals; millet, seed imports fell to $12K in 2022. Over the period under review, imports showed a abrupt downturn.
| Import of Cereals; Millet, Seed in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | 13.8 | 12.8 | 11.8 | 10.9 | -7.6% |
| Niger | 0.7 | 0.7 | 0.6 | 0.5 | -10.6% |
| Others | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Total | 14.6 | 13.5 | 12.6 | 11.6 | -7.4% |
Top Suppliers of Cereals; Millet, Seed to Ghana in 2022:
- Burkina Faso (71.1 tons)
- Niger (3.1 tons)
Cereals; Millet, Seed Exports in Ghana
For the third year in a row, Ghana recorded decline in overseas shipments of cereals; millet, seeds, which decreased by -90.7% to 715 kg in 2022. Over the period under review, exports recorded a precipitous decline. The smallest decline of -37.4% was in 2020.
In value terms, cereals; millet, seed exports fell sharply to $1.3K in 2022. Overall, exports recorded a dramatic decline. The most prominent rate of growth was recorded in 2020 when exports increased by 93% against the previous year. As a result, the exports reached the peak of $10K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Cereals; Millet, Seed in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.8 | 9.5 | 7.5 | 1.1 | -15.1% |
| Ireland | N/A | N/A | N/A | N/A | 0% |
| Burkina Faso | 3.4 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.8 | 0.2 | 0.2 | 26.0% |
| Total | 5.3 | 10.2 | 7.7 | 1.3 | -37.4% |
Top Export Markets for Cereals; Millet, Seed from Ghana in 2022:
- United States (654.0 kg)
- Ireland (22.0 kg)
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