Ghana: Non-Wheat Cereal Pellets Market 2024

Non-Wheat Cereal Pellets Market Size in Ghana

After four years of growth, the Ghanian non-wheat cereal pellets market decreased by -3% to $X in 2021. Over the period under review, consumption, however, saw a temperate expansion. Non-wheat cereal pellets consumption peaked at $X in 2020, and then contracted slightly in the following year.

Non-Wheat Cereal Pellets Production in Ghana

In value terms, non-wheat cereal pellets production declined slightly to $X in 2021 estimated in export price. In general, production, however, posted a slight increase. The growth pace was the most rapid in 2017 when the production volume increased by 47% against the previous year. Non-wheat cereal pellets production peaked at $X in 2020, and then contracted modestly in the following year.

Non-Wheat Cereal Pellets Exports

Exports from Ghana

After two years of decline, shipments abroad of cereal pellets (excluding wheat) increased by 16% to X tons in 2021. In general, exports, however, continue to indicate a significant decline. The most prominent rate of growth was recorded in 2018 when exports increased by 511%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, non-wheat cereal pellets exports skyrocketed to $X in 2021. Overall, exports, however, recorded a significant decline. The most prominent rate of growth was recorded in 2018 with an increase of 546% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Morocco (X tons) and the United States (X kg) were the main destinations of non-wheat cereal pellets exports from Ghana, together comprising 99% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +32.4%), while the other leaders experienced a decline.

In value terms, the largest markets for non-wheat cereal pellets exported from Ghana were France ($X), Morocco ($X) and the United States ($X), with a combined 97% share of total exports.

The United States, with a CAGR of +16.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average non-wheat cereal pellets export price stood at $X per ton in 2021, growing by 34% against the previous year. In general, the export price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 39% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-11.7%), while the prices for the other major destinations experienced a decline.

Non-Wheat Cereal Pellets Imports

Imports into Ghana

In 2021, supplies from abroad of cereal pellets (excluding wheat) increased by 39% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a dramatic setback. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, non-wheat cereal pellets imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a abrupt contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Africa (X tons) constituted the largest supplier of non-wheat cereal pellets to Ghana, with a 81% share of total imports. Moreover, non-wheat cereal pellets imports from South Africa exceeded the figures recorded by the second-largest supplier, Turkey (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Africa stood at -22.4%.

In value terms, South Africa ($X) constituted the largest supplier of cereal pellets (excluding wheat) to Ghana, comprising 84% of total imports. The second position in the ranking was taken by Turkey ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual growth rate of value from South Africa stood at -20.4%.

Import Prices by Country

The average non-wheat cereal pellets import price stood at $X per ton in 2021, with an increase of 109% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Turkey stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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