What is the price of margarine per kilogram/pound in Ghana today?
The retail price range for Ghana margarine is between US$ 0.98 and US$ 1.96 per kilogram or between US$ 0.44 and US$ 0.89 per pound(lb). Click here to see today's exact prices of margarine in Ghana
The retail price range in Ghana Cedi for margarine is between GHS 10.54 and GHS 21.08 per kilogram or between GHS 4.78 and GHS 9.56 per pound(lb) in Accra and Kumasi.
Wholesale prices
In 2024, the approximate wholesale price range for Ghana margarine is between US$ 0.69 and US$ 1.37 per kilogram or between US$ 0.31 and US$ 0.62 per pound(lb).
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Ghana Margarine Export Prices - Historical, Trends and Prediction
The export price per kilogram of Margarine from Ghana over the last five years has been relatively stable. In 2016, the price was 1.32 US $ per kg, followed by 1.08 US $ per kg in 2017. In 2018, the price increased to 1.16 US $ per kg and then rose to 2.49 US $ per kg in 2019. However, due to the pandemic, the price dropped to 0.00 US $ per kg in 2020 and 2021. Based on the data, it is likely that the export price of Margarine from Ghana will remain around 1.16 US $ per kg in 2023 and 2024.The margarine exports from Ghana are categorised as:
- Margarine (excluding liquid) (HS code 151710)
Ghana Margarine Import Prices - Historical, Trends and Prediction
The import price per kilogram of Margarine into Ghana over the last five years has been quite volatile. In 2016, the price was 1.32 US dollars per kg, followed by a decrease to 1.08 US dollars per kg in 2017. In 2018, the price increased to 1.16 US dollars per kg, before dropping to 0.90 US dollars per kg in 2015. In 2019, the price rose to 2.49 US dollars per kg, before dropping to 0.00 US dollars per kg in 2020 and 2021. Based on this trend, it is likely that the import price per kilogram of Margarine into Ghana in 2023 will be around 1.16 US dollars per kg, and in 2024 it will be around 0.90 US dollars per kg.Export values for Ghana margarine
The total values in export for margarine in Ghana were US$ 10,942, US$ 8,199, US$ 3,355 and US$ 5,511 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 margarine in other countries across Africa: Algeria margarine, Angola margarine, Botswana margarine, Burundi margarine, Cameroon margarine, Cape Verde margarine, Central African Republic margarine, Comoros margarine, DRC Congo margarine & Benin margarine.
Ghana margarine - Production, Exports, Imports, Seasons and HS Codes
In 2019 Ghana shipped 2,213 tonnes of margarine. Through 2019 alone, the market for Ghana margarine (processed category) has shrunk, changing by -23.213 pc compared to the year 2018. Between 2017 and 2019, margarine's exports decreased by -70.77% bringing the exporter US$5.51m for the year 2019. Ghana's margarine exports are classified as:
- Margarine (excluding liquid) (HS code 151710)
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Ghana margarine export values
In 2019, Ghana exported margarine worth 5.51m USD, a growth of 64.23% from 2018's total margarine export of 3.355m USD. The annual growth in value of Ghana margarine between 2017 to 2018 was -59.08 percent.
The annual/yearly change in the amount of Ghana's margarine exports between 2017 and 2019 was -70.77 percent in comparison to a variation of -23.213% in the period between 2018 and 2019.
Ghana's share of the world's total margarine's exports in 2019 was less than 1%. Ghana is ranked number 70 in world exports of margarine.
Export markets for Ghana margarine ( in '000$ )
Ghana's best performing destinations for margarine are Ivory Coast (Côte d'Ivoire
), Burkina Faso, Mali, Niger and Nigeria.
Ghana brought in 40,420 tonnes of margarine in 2019.