Ghana: Cereal Market 2025

Cereal Market Size in Ghana

The Ghanian cereal market declined remarkably to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, showed a tangible expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cereal Production in Ghana

In value terms, cereal production expanded slightly to $X in 2022 estimated in export price. In general, production, however, posted buoyant growth. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

In 2022, the average yield of cereals in Ghana dropped to X tons per ha, remaining constant against 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the average cereal yield attained the peak level at X tons per ha in 2021, and then declined in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cereals were harvested in Ghana; with a decrease of X% on the year before. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the harvested area dedicated to cereal production attained the maximum at X ha in 2021, and then shrank in the following year.

Cereal Exports

Exports from Ghana

In 2022, after two years of growth, there was significant decline in overseas shipments of cereals, when their volume decreased by X% to X tons. Overall, exports recorded a abrupt decline. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, cereal exports contracted notably to $X in 2022. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then contracted sharply in the following year.

Exports by Country

Togo (X tons) was the main destination for cereal exports from Ghana, with a X% share of total exports. Moreover, cereal exports to Togo exceeded the volume sent to the second major destination, Niger (X tons), more than tenfold. The third position in this ranking was held by Israel (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Togo totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (X% per year) and Israel (X.7% per year).

In value terms, the largest markets for cereal exported from Ghana were Togo ($X), the United States ($X) and the UK ($X), with a combined X% share of total exports. Niger, Israel, Burkina Faso and Germany lagged somewhat behind, together accounting for a further X%.

Israel, with a CAGR of X.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cereal export price amounted to $X per ton, waning by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then contracted sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cereal Imports

Imports into Ghana

In 2022, purchases abroad of cereals decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped modestly in the following year.

In value terms, cereal imports declined to $X in 2022. Over the period under review, imports, however, showed a noticeable increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of cereal to Ghana, accounting for a X% share of total imports. Moreover, cereal imports from Canada exceeded the figures recorded by the second-largest supplier, Argentina (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and the United States (X% per year).

In value terms, Canada ($X) constituted the largest supplier of cereals to Ghana, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and the United States (X% per year).

Import Prices by Country

The average cereal import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price showed a noticeable contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Canada ($X per ton) and Germany ($X per ton), while the price for Latvia ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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