Non-Liquid Margarine Price in Ghana - 2022
Contents:
- Non-Liquid Margarine Price in Ghana (CIF) - 2022
- Non-Liquid Margarine Price in Ghana (FOB) - 2022
- Non-Liquid Margarine Imports in Ghana
- Non-Liquid Margarine Exports in Ghana
Non-Liquid Margarine Price in Ghana (CIF) - 2022
The average non-liquid margarine import price stood at $1,194 per ton in 2022, shrinking by -12.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 27%. As a result, import price attained the peak level of $1,361 per ton, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($2,219 per ton), while the price for Indonesia ($848 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Price in Ghana (FOB) - 2022
In 2022, the average non-liquid margarine export price amounted to $1,600 per ton, surging by 5.2% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 53%. As a result, the export price reached the peak level of $1,777 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($2,158 per ton), while the average price for exports to Cote d'Ivoire ($1,167 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 Niger (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Liquid Margarine Imports in Ghana
Non-liquid margarine imports into Ghana skyrocketed to 61K tons in 2022, growing by 18% against the previous year's figure. Over the period under review, imports, however, saw a noticeable decrease.
In value terms, non-liquid margarine imports expanded modestly to $73M in 2022. The total import value increased at an average annual rate of +3.8% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 16%. As a result, imports reached the peak of $75M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Non-Liquid Margarine in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 23.3 | 50.0 | 41.3 | 48.1 | 27.3% |
| Indonesia | 19.4 | 20.4 | 24.1 | 18.2 | -2.1% |
| Italy | 3.5 | 2.5 | 2.0 | 3.3 | -1.9% |
| Malaysia | 0.5 | 0.9 | 1.4 | 0.9 | 21.6% |
| Belgium | 16.4 | 0.1 | 0.1 | 0.2 | -77.0% |
| Others | 2.0 | 1.5 | 1.1 | 2.0 | 0.0% |
| Total | 65.0 | 75.4 | 70.0 | 72.7 | 3.8% |
Top Suppliers of Non-Liquid Margarine to Ghana in 2022:
- Netherlands (32.5K tons)
- Indonesia (21.4K tons)
- Italy (3.6K tons)
- Malaysia (0.9K tons)
- Belgium (0.1K tons)
Non-Liquid Margarine Exports in Ghana
In 2022, shipments abroad of non-liquid margarine was finally on the rise to reach 584 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a significant contraction.
In value terms, non-liquid margarine exports surged to $934K in 2022. Overall, exports, however, faced a precipitous setback.
| Export of Non-Liquid Margarine in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 2,115 | 1,061 | 585 | 606 | -34.1% |
| Burkina Faso | 4.0 | 6.8 | 19.7 | 224 | 282.6% |
| Niger | 139 | 86.4 | 20.5 | 51.1 | -28.4% |
| Cameroon | 71.3 | 59.3 | 10.3 | 37.5 | -19.3% |
| Others | 31.2 | 15.8 | 4.2 | 15.6 | -20.6% |
| Total | 2,360 | 1,229 | 640 | 934 | -26.6% |
Top Export Markets for Non-Liquid Margarine from Ghana in 2022:
- Nigeria (350.2 tons)
- Burkina Faso (178.7 tons)
- Niger (23.7 tons)
- Cameroon (18.7 tons)
1430
This report provides an in-depth analysis of the margarine and shortening market in Ghana.
576
Global Margarine Spread Market Report 2018. This report provides an in-depth analysis of the global margarine spread market.
2039
This report provides an in-depth analysis of the global margarine and shortening market.
1430
This report provides an in-depth analysis of the margarine and shortening market in Ghana.
576
Global Margarine Spread Market Report 2018. This report provides an in-depth analysis of the global margarine spread market.
2039
This report provides an in-depth analysis of the global margarine and shortening market.
119
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
5361
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
4510
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.
119
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
5361
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
4510
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.
