Price for Cereals; Maize (Corn), Seed in Ghana - 2022
Contents:
- Price for Cereals; Maize (Corn), Seed in Ghana (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in Ghana (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Ghana
- Exports of Cereals; Maize (Corn), Seed in Ghana
Price for Cereals; Maize (Corn), Seed in Ghana (CIF) - 2022
The average cereals; maize (corn), seed import price stood at $3,559 per ton in 2022, growing by 4% against the previous year. In general, the import price showed a buoyant increase. The growth pace was the most rapid in 2016 an increase of 37%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
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 the United States ($10,586 per ton), while the price for Burkina Faso ($172 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in Ghana (FOB) - 2022
The average cereals; maize (corn), seed export price stood at $1,149 per ton in 2022, falling by -6.9% against the previous year. Over the period under review, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2014 an increase of 43%. As a result, the export price attained the peak level of $7,056 per ton. From 2015 to 2022, 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 Niger ($1,150 per ton), while the average price for exports to Burkina Faso amounted to $732 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (-8.5%).
Imports of Cereals; Maize (Corn), Seed in Ghana
In 2022, the amount of cereals; maize (corn), seeds imported into Ghana contracted rapidly to 2.2K tons, which is down by -29.6% compared with the previous year. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 98%. As a result, imports attained the peak of 3.1K tons, and then contracted notably in the following year.
In value terms, cereals; maize (corn), seed imports fell significantly to $7.7M in 2022. Overall, imports, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2021 when imports increased by 116% against the previous year. As a result, imports reached the peak of $10M, and then reduced dramatically in the following year.
| Import of Cereals; Maize (Corn), Seed in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 1,378 | 807 | 127 | 1,938 | 12.0% |
| Argentina | 688 | 495 | 1,210 | 1,711 | 35.5% |
| United States | 1,796 | 923 | 439 | 1,276 | -10.8% |
| South Africa | 2,566 | 2,003 | 2,542 | 1,182 | -22.8% |
| Malawi | N/A | 164 | 4,445 | 293 | 33.7% |
| Cote d'Ivoire | 1.3 | 126 | 511 | 80.1 | 295.0% |
| Togo | 20.3 | 14.6 | 35.8 | 50.6 | 35.6% |
| Others | 575 | 327 | 1,172 | 1,140 | 25.6% |
| Total | 7,026 | 4,860 | 10,480 | 7,670 | 3.0% |
Top Suppliers of Cereals; Maize (Corn), Seed to Ghana in 2022:
- Nigeria (786.2 tons)
- South Africa (448.2 tons)
- Argentina (227.9 tons)
- Togo (170.7 tons)
- United States (120.6 tons)
- Malawi (101.4 tons)
- Cote d'Ivoire (66.0 tons)
Exports of Cereals; Maize (Corn), Seed in Ghana
In 2022, approx. 472 tons of cereals; maize (corn), seeds were exported from Ghana; increasing by 861% against 2021 figures. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 8,787%. As a result, the exports reached the peak of 815 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cereals; maize (corn), seed exports surged to $542K in 2022. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 4,314% against the previous year. As a result, the exports attained the peak of $1M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Cereals; Maize (Corn), Seed in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 13.4 | 1,012 | 54.0 | 535 | 241.8% |
| Others | 9.8 | 11.6 | 6.6 | 7.7 | -7.7% |
| Total | 23.2 | 1,024 | 60.6 | 542 | 185.9% |
Top Export Markets for Cereals; Maize (Corn), Seed from Ghana in 2022:
- Niger (465.0 tons)
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