Ghana: Grain Market 2024

Grain Market Size in Ghana

The Ghanian grain market shrank notably to $X in 2022, waning by X% against the previous year. Overall, consumption, however, continues to indicate a notable increase. Grain consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Grain Production in Ghana

In value terms, grain production stood at $X in 2022 estimated in export price. Over the period under review, production, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

The average yield of grain in Ghana dropped modestly to X tons per ha in 2022, remaining constant against the previous year. 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 in certain years. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The grain yield peaked at X tons per ha in 2021, and then declined modestly 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 grain were harvested in Ghana; dropping by X% compared with the previous year. 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 when the harvested area increased by X% against the previous year. The grain harvested area peaked at X ha in 2021, and then dropped in the following year.

Grain Exports

Exports from Ghana

In 2022, shipments abroad of grain decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, grain exports declined remarkably to $X in 2022. Overall, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Togo (X tons) was the main destination for grain exports from Ghana, accounting for a X% share of total exports. Moreover, grain exports to Togo exceeded the volume sent to the second major destination, Niger (X tons), more than tenfold. Israel (X tons) ranked third in terms of total exports 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 grain 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 comprising a further X%.

Among the main countries of destination, Israel, with a CAGR of X.0%, recorded the highest growth rate of the value of exports, 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 grain export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then reduced dramatically 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.

Grain Imports

Imports into Ghana

In 2022, purchases abroad of grain 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 buoyant 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 when imports increased by X%. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, grain imports dropped to $X in 2022. Over the period under review, imports, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of grain to Ghana, accounting for a X% share of total imports. Moreover, grain 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 growth rate of volume from Canada stood at 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 ($X) constituted the largest supplier of grain to Ghana, comprising X% of total imports. The second position in the ranking was held by Argentina ($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

In 2022, the average grain import price amounted to $X per ton, declining by X% against the previous year. In general, the import price saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were 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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