What is the price of cotton per kilogram/pound in Ghana today?
The retail price range for Ghana cotton is between US$ 0.96 and US$ 0.96 per kilogram or between US$ 0.43 and US$ 0.43 per pound(lb). Click here to see today's exact prices of cotton in Ghana
The retail price range in Ghana Cedi for cotton is between GHS 10.28 and GHS 10.28 per kilogram or between GHS 4.66 and GHS 4.66 per pound(lb) in Accra and Kumasi.
Wholesale prices
In 2024, the approximate wholesale price range for Ghana cotton is between US$ 0.67 and US$ 0.67 per kilogram or between US$ 0.30 and US$ 0.30 per pound(lb).
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Ghana Cotton Export Prices - Historical, Trends and Prediction
The export price of Cotton from Ghana over the last five years has been relatively stable. In 2017, the price was 1.70 US$ per kg, followed by 1.72 US$ per kg in 2018. In 2019, the price dropped to 1.43 US$ per kg and in 2020 and 2021, the price was 0.00 US$ per kg. Based on this data, it is predicted that the export price of Cotton from Ghana in 2023 and 2024 will remain at 0.00 US$ per kg.The exports of cotton from Ghana are classified as:
- Cotton waste (excluding yarn waste, thread waste and garnetted stock) (HS code 520299)
- Cotton linters (HS code 140420)
- Cotton, neither carded nor combed (HS code 520100)
- Cotton, carded or combed (HS code 520300)
- Cotton yarn waste, incl. thread waste (HS code 520210)
- Garnetted stock of cotton (HS code 520291)
Ghana Cotton Import Prices - Historical, Trends and Prediction
The import price of cotton into Ghana over the last five years has been quite varied. In 2016, the price per kilogram was $1.06, followed by a significant increase to $1.70 in 2017. This was followed by a slight decrease to $1.72 in 2018, and then a further decrease to $1.43 in 2019. The price then dropped to $0.00 in 2020 and 2021. Based on this data, it is likely that the import price of cotton into Ghana will remain relatively stable in the next two years, with a predicted price of $1.43 for 2023 and 2024.Export values for Ghana cotton
The total values in export for cotton in Ghana were US$ 1,718, US$ 2,369, US$ 2,064 and US$ 1,496 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 cotton in other countries across Africa: Algeria cotton, Angola cotton, Botswana cotton, Burundi cotton, Cameroon cotton, Cape Verde cotton, Central African Republic cotton, Comoros cotton, DRC Congo cotton & Benin cotton.
Ghana cotton - Production, Exports, Imports, Seasons and HS Codes
In 2019 Ghana shipped 1,047 tonnes of cotton. Across 2019 alone, the market for Ghana cotton (processed category) has reduced, flactuating by -12.895 pc compared to the year 2018. Between 2017 and 2019, cotton's exports reduced by -24.95 pc netting the nation US$1.50m for the year 2019. Ghana's cotton exports are classified as:
- Cotton waste (excluding yarn waste, thread waste and garnetted stock) (HS code 520299)
- Cotton linters (HS code 140420)
- Cotton yarn waste, incl. thread waste (HS code 520210)
- Garnetted stock of cotton (HS code 520291)
- Cotton, neither carded nor combed (HS code 520100)
- Cotton, carded or combed (HS code 520300)
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Ghana cotton export values
In 2019, Ghana sold cotton costing 1.50m USD, a reduction of -27.33% from 2018's total cotton export of 2.064m USD. The annual change in value of Ghana cotton between 2017 to 2018 was -12.875 pc.
The annual/yearly change in the amount of Ghana's cotton exports between 2017 and 2019 was -24.95 pc when compared to a variation of -12.895% in the growth rate between 2018 and 2019.
Export markets for Ghana cotton ( in '000$ )
Ghana's best performing export markets for cotton are India, Burkina Faso, France, US and Morocco.
Ghana procured 1,405 tonnes of cotton in 2019.