Report Update Nov 1, 2024

Ghana - Potato Starch - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Potato Starch Market 2024

Potato Starch Market Size in Ghana

In 2021, the Ghanian potato starch market decreased by -19% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption, however, recorded a strong expansion. As a result, consumption attained the peak level of $X, and then shrank remarkably in the following year.

Potato Starch Production in Ghana

In value terms, potato starch production reduced dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 62% against the previous year. As a result, production reached the peak level of $X, and then shrank notably in the following year.

Potato Starch Exports

Exports from Ghana

For the fifth consecutive year, Ghana recorded growth in overseas shipments of potato starch, which increased by 16% to X tons in 2021. Over the period under review, exports saw strong growth. The pace of growth was the most pronounced in 2019 with an increase of 320%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, potato starch exports surged to $X in 2021. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 464% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X kg) was the main destination for potato starch exports from Ghana, with a approx. 50% share of total exports.

From 2015 to 2021, the average annual growth rate of volume to Germany was relatively modest.

In value terms, Germany ($X) emerged as the key foreign market for potato starch exports from Ghana.

From 2015 to 2021, the average annual rate of growth in terms of value to Germany was relatively modest.

Export Prices by Country

In 2021, the average potato starch export price amounted to $X per ton, increasing by 2.2% against the previous year. Overall, the export price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2019 an increase of 34%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2015 to 2021, the rate of growth in terms of prices for Switzerland amounted to +22.4% per year.

Potato Starch Imports

Imports into Ghana

In 2021, overseas purchases of potato starch increased by 78% to X tons, rising for the second consecutive year after two years of decline. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 191% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, potato starch imports soared to $X in 2021. Overall, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by 341% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of potato starch imports to Ghana, together comprising 60% of total imports. China, Hong Kong SAR, the United States and Taiwan (Chinese) lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +127.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest potato starch suppliers to Ghana were the Netherlands ($X), Poland ($X) and Germany ($X), with a combined 49% share of total imports. These countries were followed by China, Taiwan (Chinese), Hong Kong SAR and the United States, which together accounted for a further 19%.

In terms of the main suppliers, China, with a CAGR of +117.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average potato starch import price amounted to $X per ton, surging by 25% against the previous year. In general, the import price, however, saw a slight setback. The most prominent rate of growth was recorded in 2020 an increase of 52%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potato starch in the world?

China remains the largest potato starch consuming country worldwide, comprising approx. 19% of total volume. Moreover, potato starch consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.3% share.

What are the largest producers of potato starch in the world?

China remains the largest potato starch producing country worldwide, comprising approx. 19% of total volume. Moreover, potato starch production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 6.4% share.

What are the leading suppliers of potato starch to Ghana?

In value terms, the largest potato starch suppliers to Ghana were the Netherlands, Poland and Germany $893), with a combined 68% share of total imports. These countries were followed by China, Hong Kong SAR, Belgium and the United States, which together accounted for a further 24%.

What is the average export price for potato starch in Ghana?

The average potato starch export price stood at $450 per ton in 2021, flattening at the previous year.

What is the average import price for potato starch in Ghana?

In 2021, the average potato starch import price amounted to $775 per ton, dropping by -8.5% against the previous year.

This report provides an in-depth analysis of the potato starch 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:

Prodcom 10621115 - Potato starch

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023