Ghana: Maize Bran Market 2024

Maize Bran Market Size in Ghana

The Ghanian maize bran market reached $X in 2022, surging by X% against the previous year. The market value 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. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Maize Bran Production in Ghana

In value terms, maize bran production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Maize Bran Exports

Exports from Ghana

In 2022, overseas shipments of maize bran decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, maize bran exports reduced to $X in 2022. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

Niger (X tons) and Burkina Faso (X tons) were the main destinations of maize bran exports from Ghana.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of X%).

In value terms, Burkina Faso ($X) remains the key foreign market for maize bran exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by Niger ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Burkina Faso amounted to X%.

Export Prices by Country

The average maize bran export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price recorded a slight decline. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Niger amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (X%).

Maize Bran Imports

Imports into Ghana

In 2022, after three years of growth, there was significant decline in overseas purchases of maize bran, when their volume decreased by X% to X tons. In general, imports, however, showed significant growth. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, maize bran imports declined to $X in 2022. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

Togo (X tons), Belgium (X tons) and the United States (X tons) were the main suppliers of maize bran imports to Ghana, together accounting for X% of total imports. These countries were followed by India, which accounted for a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Togo (X% per year) and the United States (X% per year).

Import Prices by Country

The average maize bran import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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