Ghana: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in Ghana

In 2021, the Ghanian market for starch other than wheat, corn or potato decreased by -X% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2020, and then reduced notably in the following year.

Production of Starch other than Wheat, Corn or Potato in Ghana

In value terms, production of starch other than wheat, corn or potato soared to $X in 2021 estimated in export price. In general, production continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production of growth failed to regain momentum.

Exports of Starch other than Wheat, Corn or Potato

Exports from Ghana

In 2021, shipments abroad of starch other than wheat, corn or potato decreased by -X% to X tons, falling for the third year in a row after two years of growth. In general, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, exports of starch other than wheat, corn or potato shrank sharply to $X in 2021. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of starch other than wheat, corn or potato from Ghana, accounting for a X% share of total exports. Moreover, exports of starch other than wheat, corn or potato to the United States exceeded the volume sent to the second major destination, the UK (X tons), threefold. Turkey (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Turkey (X% per year).

In value terms, the United States ($X) remains the key foreign market for starch other than wheat, corn or potato exports from Ghana, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with an X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Italy (-X% per year).

Export Prices by Country

In 2021, the average export price for starch other than wheat, corn or potato amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices stood 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 the United States ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced a decline.

Imports of Starch other than Wheat, Corn or Potato

Imports into Ghana

In 2021, supplies from abroad of starch other than wheat, corn or potato decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a slight expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2020, and then reduced notably in the following year.

In value terms, imports of starch other than wheat, corn or potato declined dramatically to $X in 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2020, and then shrank sharply in the following year.

Imports by Country

In 2021, Hong Kong SAR (X tons) was the main supplier of starch other than wheat, corn or potato to Ghana, with a X% share of total imports. Moreover, imports of starch other than wheat, corn or potato from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, Israel (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Hong Kong SAR stood at +X%.

In value terms, Hong Kong SAR ($X) constituted the largest supplier of starch other than wheat, corn or potato to Ghana, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Hong Kong SAR stood at +X%.

Import Prices by Country

The average import price for starch other than wheat, corn or potato stood at $X per ton in 2021, surging by X% against the previous year. In general, the import price, however, recorded a slight curtailment. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Israel ($X per ton), while the price for Hong Kong SAR totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-X%).

Source: IndexBox Platform

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