What is the price of cocoa powder (solids) per kilogram/pound in Ghana today?
The retail price range for Ghana cocoa powder (solids) is between US$ 8.77 and US$ 10.72 per kilogram or between US$ 3.98 and US$ 4.86 per pound(lb). Click here to see today's exact prices of cocoa powder (solids) in Ghana
The retail price range in Ghana Cedi for cocoa powder (solids) is between GHS 94.27 and GHS 115.22 per kilogram or between GHS 42.75 and GHS 52.25 per pound(lb) in Accra and Kumasi.
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In 2024, the approximate wholesale price range for Ghana cocoa powder (solids) is between US$ 6.14 and US$ 7.50 per kilogram or between US$ 2.78 and US$ 3.40 per pound(lb).
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Ghana Cocoa Powder (solids) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cocoa Powder (Solids) from Ghana has seen a significant decrease over the last five years. In 2010, the price was 5.08 US dollars per kg, but by 2021, it had dropped to 0.00 US dollars per kg. The highest price was recorded in 2011 at 108.14 US dollars per kg. In the years since, the price has steadily decreased, with the lowest price of 1.92 US dollars per kg recorded in 2018 and 2019. Based on this trend, it is predicted that the export price per kilogram of Cocoa Powder (Solids) from Ghana in 2023 and 2024 will be 0.00 US dollars per kg.The exports of cocoa powder (solids) from Ghana are classified as:
- Cocoa powder, not containing added sugar or other sweetening matter (HS code 180500)
- Cocoa powder, sweetened (HS code 180610)
Ghana Cocoa Powder (solids) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cocoa Powder (Solids) into Ghana has seen a significant fluctuation over the past five years. In 2016, the price was recorded at 2.39 US dollars per kg, which was the highest in the five-year period. This was followed by a decrease in 2017 to 1.93 US dollars per kg. The price then remained relatively stable at 1.92 US dollars per kg in 2018 and 2019. However, in 2020, the price dropped to 0.00 US dollars per kg, before increasing to 19.00 US dollars per kg in 2021. Looking ahead, it is difficult to predict the exact prices for 2023 and 2024. However, based on the data, it is likely that the prices will remain relatively stable in the coming years.Export values for Ghana cocoa powder (solids)
The total values in export for cocoa powder (solids) in Ghana were US$ 2,052, US$ 69,884, US$ 91,304 and US$ 84,814 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Ghana: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of cocoa powder (solids) in other countries across Africa: Algeria cocoa powder (solids), Angola cocoa powder (solids), Botswana cocoa powder (solids), Burundi cocoa powder (solids), Cameroon cocoa powder (solids), Cape Verde cocoa powder (solids), Central African Republic cocoa powder (solids), Comoros cocoa powder (solids), DRC Congo cocoa powder (solids) & Benin cocoa powder (solids).
Ghana cocoa powder (solids) - Production, Exports, Imports, Seasons and HS Codes
In 2019 Ghana sold 4,465 tonnes of cocoa powder (solids). Through 2019 alone, the demand for Ghana cocoa powder (solids) (processed category) has reduced, flactuating by -90.611 per cent compared to the year 2018. Between 2017 and 2019, cocoa powder (solids)'s exports reduced by -87.66% netting the exporter US$84.81m for the year 2019. Ghana's cocoa powder (solids) exports are classified as:
- Cocoa powder, sweetened (HS code 180610)
- Cocoa powder, not containing added sugar or other sweetening matter (HS code 180500)
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Ghana cocoa powder (solids) export values
In 2019, Ghana supplied cocoa powder (solids) worth 84.81m USD, a reduction of -7.11% from 2018's total cocoa powder (solids) export of 91.304m USD. The yearly change in value of Ghana cocoa powder (solids) between 2017 to 2018 was 30.651 percent.
The annual change in the amount of Ghana's cocoa powder (solids) exports between 2017 and 2019 was -87.66 per cent in comparison to a variation of -90.611% in the period between 2018 and 2019.
Export markets for Ghana cocoa powder (solids) ( in '000$ )
Ghana's leading export markets for cocoa powder (solids) are the Netherlands, Germany, France, US and Spain.
Ghana bought 379 tonnes of cocoa powder (solids) in 2019.
Buying Ghana’s Cocoa Products
Cocoa powder is among the best-selling of Ghana’s cocoa products. It sells in small sachets or packets of mostly 250g, 400g and 500g measures, while bulk measures include 1 kg and 2.17 kg.
The lowest instant cocoa powder mix costs GH¢ 43 ($3.21) per 400 g or $8.02 per kg in local retail stores. This is as opposed to the far costlier organic cocoa powder, whose maximum price is GH¢ 160 ($11.89) per 250 g or $47.55 per kg.