Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Ghana - 2022

Contents:

1. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Ghana (FOB) - 2022
2. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Ghana (CIF) - 2022
3. Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Ghana
4. Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Ghana

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Ghana (FOB) - 2022

The average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $493 per ton in 2022, with an increase of 11% against the previous year. Over the period under review, the export price, however, showed a noticeable decline. The pace of growth was the most pronounced in 2013 when the average export price increased by 58% against the previous year. The export price peaked at $1,247 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($1,756 per ton), while the average price for exports to Burkina Faso ($50 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 Mali (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Ghana (CIF) - 2022

The average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $1,053 per ton in 2022, shrinking by -6% against the previous year. In general, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 24% against the previous year. The import price peaked at $1,995 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 India ($1,602 per ton), while the price for Nigeria ($450 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.2%), while the prices for the other major suppliers experienced a decline.

Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Ghana

After three years of growth, overseas shipments of flour and meal; of the dried leguminous vegetables of heading no. 0713 decreased by -29.6% to 195 tons in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 2,567% against the previous year.

In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 reduced sharply to $96K in 2022. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 2,517% against the previous year.

Top Export Markets for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 from Ghana in 2022:

1. United Kingdom (134.7 tons)
2. United States (38.9 tons)
3. Burkina Faso (6.4 tons)
4. Canada (4.9 tons)
5. Australia (4.3 tons)

Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Ghana

In 2022, approx. 16 tons of flour and meal; of the dried leguminous vegetables of heading no. 0713 were imported into Ghana; surging by 99% against 2021. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 692% against the previous year. As a result, imports reached the peak of 23 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 surged to $16K in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 691%. As a result, imports reached the peak of $24K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 to Ghana in 2022:

1. Netherlands (14.6 tons)
2. India (0.4 tons)
3. Nigeria (0.3 tons)

Source: IndexBox Market Intelligence Platform