What is the price of coconut oil per kilogram/pound in Ghana today?
The retail price range for Ghana coconut oil is between US$ 4.90 and US$ 8.81 per kilogram or between US$ 2.22 and US$ 4.00 per pound(lb). Click here to see today's exact prices of coconut oil in Ghana
The retail price range in Ghana Cedi for coconut oil is between GHS 52.65 and GHS 94.77 per kilogram or between GHS 23.88 and GHS 42.98 per pound(lb) in Accra and Kumasi.
Wholesale prices
In 2024, the approximate wholesale price range for Ghana coconut oil is between US$ 3.43 and US$ 6.17 per kilogram or between US$ 1.55 and US$ 2.80 per pound(lb).
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Ghana Coconut Oil Export Prices - Historical, Trends and Prediction
The export price of Coconut oil from Ghana over the last five years has been quite varied. In 2016, the price was 0.17 US$ per kg, followed by a dramatic increase to 3.52 US$ per kg in 2017. This was followed by a decrease to 2.79 US$ per kg in 2018 and then a sharp rise to 8.07 US$ per kg in 2019. The price then dropped to 0.00 US$ per kg in 2020 and 2021. Based on this trend, it is likely that the export price of Coconut oil from Ghana in 2023 will be around 4.00 US$ per kg and in 2024 it will be around 4.50 US$ per kg.The coconut oil exports from Ghana are classified as:
- Coconut oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151319)
- Crude coconut oil (HS code 151311)
Ghana Coconut Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Coconut oil into Ghana over the last five years has been quite varied. In 2016, the price was 0.17 US$ per kg, followed by a significant increase to 3.52 US$ per kg in 2017. This was followed by a decrease to 2.79 US$ per kg in 2018 and then a sharp increase to 8.07 US$ per kg in 2019. The price then dropped to 0.00 US$ per kg in 2020 and 2021. Based on this trend, it is predicted that the import price per kilogram of Coconut oil into Ghana in 2023 will be around 4.64 US$ per kg and in 2024 it will be around 5.41 US$ per kg.Export values for Ghana coconut oil
The total values in export for coconut oil in Ghana were US$ 90, US$ 190, US$ 379 and US$ 710 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 coconut oil in other countries across Africa: Algeria coconut oil, Angola coconut oil, Botswana coconut oil, Burundi coconut oil, Cameroon coconut oil, Cape Verde coconut oil, Central African Republic coconut oil, Comoros coconut oil, DRC Congo coconut oil & Benin coconut oil.
Ghana coconut oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Ghana exported 88 tonnes of coconut oil. Through 2019 alone, the market for Ghana coconut oil (processed category) has gone down, changing by -35.294 % compared to the year 2018. Between 2017 and 2019, coconut oil's exports grew by 62.96 percent earning Ghana US$0.71m for the year 2019. Ghana's coconut oil exports are classified as:
- Coconut oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151319)
- Crude coconut oil (HS code 151311)
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Ghana coconut oil export values
In 2019, Ghana supplied coconut oil costing 0.71m USD, an improvement of 87.34% from 2018's total coconut oil export of 0.379m USD. The annual increase in value of Ghana coconut oil between 2017 to 2018 was 99.474%.
The per year change in the amount of Ghana's coconut oil exports between 2017 and 2019 was 62.96 percent when compared to a variation of -35.294% in the growth rate between 2018 and 2019.
Export markets for Ghana coconut oil ( in '000$ )
Ghana's top export markets for coconut oil are the Netherlands, Togo, US, Canada and United Kingdom (UK).
Ghana brought in 142 tonnes of coconut oil in 2019.