Ghana: Cotton Lint Market 2025

Cotton Lint Market Size in Ghana

After two years of decline, the Ghanian cotton lint market increased by 1.9% to $X in 2022. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.8% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Cotton Lint Production in Ghana

In value terms, cotton lint production dropped to $X in 2022 estimated in export price. Overall, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 95% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

The average yield of cotton lint in Ghana expanded remarkably to X tons per ha in 2022, growing by 11% on 2021 figures. Over the period under review, the yield indicated tangible growth from 2012 to 2022: its figure increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton lint yield decreased by -8.9% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 95%. The cotton lint yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. 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 cotton lint were harvested in Ghana; leveling off at the year before. Overall, the harvested area recorded a mild descent. The pace of growth appeared the most rapid in 2018 with a decrease of -6.2%. Over the period under review, the harvested area dedicated to cotton lint production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Cotton Lint Exports

Exports from Ghana

In 2022, the amount of cotton lint exported from Ghana dropped remarkably to X tons, declining by -28% on the previous year. In general, exports showed a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 127% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cotton lint exports fell sharply to $X in 2022. Overall, exports showed a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 145%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for cotton lint exports from Ghana, accounting for a 93% share of total exports. It was followed by Indonesia (X tons), with a 2.4% share of total exports. The third position in this ranking was held by Bangladesh (X tons), with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia amounted to -11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-19.6% per year) and Bangladesh (-19.1% per year).

In value terms, Malaysia ($X) remains the key foreign market for cotton lint exports from Ghana, comprising 91% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 2.2% share of total exports. It was followed by Bangladesh, with a 1.6% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia amounted to -12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-21.3% per year) and Bangladesh (-20.8% per year).

Export Prices by Country

The average cotton lint export price stood at $X per ton in 2022, with a decrease of -2.1% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 18% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Bangladesh ($X per ton) and Malaysia ($X per ton), while the average price for exports to Germany ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-0.7%), while the prices for the other major destinations experienced a decline.

Cotton Lint Imports

Imports into Ghana

In 2022, the amount of cotton lint imported into Ghana fell sharply to X tons, reducing by -23.7% on the year before. Overall, imports continue to indicate a pronounced descent. The pace of growth appeared the most rapid in 2018 when imports increased by 300% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, cotton lint imports fell to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 509% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Burkina Faso (X tons), Nigeria (X tons) and Cote d'Ivoire (X tons) were the main suppliers of cotton lint imports to Ghana, together accounting for 100% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Burkina Faso (with a CAGR of +36.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Nigeria ($X), Burkina Faso ($X) and Cote d'Ivoire ($X) appeared to be the largest cotton lint suppliers to Ghana, together comprising 100% of total imports.

Burkina Faso, with a CAGR of +37.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cotton lint import price amounted to $X per ton, growing by 24% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 an increase of 54%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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