Ghana - Other Cereals - Market Analysis, Forecast, Size, Trends and Insights
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Other Cereals Market Size in Ghana
The Ghanian other cereals market soared to $X in 2021, rising by 149% against the previous year. In general, consumption continues to indicate a significant expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.
Other Cereals Production in Ghana
In value terms, other cereals production rose slightly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 40% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.
Other Cereals Exports
Exports from Ghana
After three years of growth, shipments abroad of other cerealses decreased by -69.8% to X tons in 2021. Over the period under review, exports faced a precipitous shrinkage. The growth pace was the most rapid in 2015 with an increase of 520%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.
In value terms, other cereals exports declined significantly to $X in 2021. In general, exports saw a dramatic decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 713%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.
Exports by Country
South Africa (X tons) was the main destination for other cereals exports from Ghana, with a 93% share of total exports. Moreover, other cereals exports to South Africa exceeded the volume sent to the second major destination, Canada (X kg), more than tenfold.
From 2012 to 2021, the average annual rate of growth in terms of volume to South Africa totaled +100.6%.
In value terms, South Africa ($X) and Canada ($X) were the largest markets for other cereals exported from Ghana worldwide.
Among the main countries of destination, South Africa, with a CAGR of +94.5%, saw the highest growth rate of the value of exports, over the period under review.
Export Prices by Country
The average other cereals export price stood at $X per ton in 2021, shrinking by -41.3% against the previous year. Overall, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 81%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to South Africa totaled $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.
Other Cereals Imports
Imports into Ghana
Other cereals imports into Ghana surged to X tons in 2021, picking up by 64% on 2020. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 622%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.
In value terms, other cereals imports surged to $X in 2021. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 626% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.
Imports by Country
In 2021, Cote d'Ivoire (X tons) constituted the largest supplier of other cereals to Ghana, accounting for a 74% share of total imports. Moreover, other cereals imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, Nigeria (X tons), threefold.
From 2012 to 2021, the average annual rate of growth in terms of volume from Cote d'Ivoire stood at +70.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Nigeria (+70.2% per year) and Senegal (0.0% per year).
In value terms, Nigeria ($X) constituted the largest supplier of other cereals to Ghana, comprising 78% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with an 18% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from Nigeria totaled +129.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+71.3% per year) and Senegal (0.0% per year).
Import Prices by Country
In 2021, the average other cereals import price amounted to $X per ton, jumping by 175% against the previous year. In general, the import price enjoyed a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Nigeria ($X per ton), while the price for Cote d'Ivoire ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+34.8%), while the prices for the other major suppliers experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the other cereals market 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:
- FCL 92 - Quinoa
- FCL 94 - Fonio
- FCL 97 - Triticale
- FCL 103 - Mixed grain
- FCL 108 - Cereals, nes
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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
- Yield 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Area Harvested, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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