Market research

Palm kernel or babassu oil and fractions market in Ghana

$Palm kernel or babassu oil and fractions market in Ghana$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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Earlier Report Observations

Between 2018 and 2023, the market volume for palm kernel or babassu oil and fractions in Ghana showed a moderate overall increase from 56 055 t to 58 256 t. This growth was not linear, as the market experienced significant fluctuations, with the highest volume recorded in 2021 at 61 710 t.

The market expanded by nearly 9% in 2019 to reach 61 025 t, but then contracted by over 6% in 2020. A strong recovery followed in 2021, with volume climbing almost 8% to its peak. Subsequently, the market declined by roughly 5% in 2022 and stabilized in 2023 at around 58 256 t, showing minimal change from the previous year.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Ghana
  1. 5.1.1. Annual dynamics of production in Ghana in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Ghana in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data*)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Ghana in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Ghana by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Ghana in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Ghana by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Ghana, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Ghana by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Ghana in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Ghana by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Ghana in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Ghana by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Ghana, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Ghana by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data*)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Ghana in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Ghana by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Ghana in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Ghana by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Ghana, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Ghana by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Ghana in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Ghana by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Ghana in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Ghana by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Ghana, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Ghana by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production palm kernel or babassu oil and fractions in Ghana

In kind, 2017-2020, t

Between 2017 and 2020, Ghana ranked as the world's 10th largest producer of palm kernel or babassu oil and fractions.

Top producers of palm kernel or babassu oil and fractions, 2017-2020

Source: SHEV.io

World map of production of palm kernel or babassu oil and fractions, 2017-2020

Source: SHEV.io

In 2020, Ghana produced 60 300 tonnes of palm kernel or babassu oil and fractions, showing virtually no change from the previous year. Over the 2017-2020 period, production grew by 8.1%, with an average annual growth rate of 2.6%. The highest production level was recorded in 2019 at 60 300 tonnes, while the largest year-on-year increase occurred in 2018 at 4.8%.

Annual dynamics of production in Ghana in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.8%	3.1%	-	2.6%

Source: SHEV.io

Exports palm kernel or babassu oil and fractions from Ghana

Exports in kind, t

Market performance showed noticeable fluctuations during this period. Import levels varied significantly, with a 2.3-fold difference between the low of 1 950 tonnes in 2019 and the high of 4 484 tonnes in 2020. In 2020, Ghana's cross-border shipments of palm kernel or babassu oil and fractions totaled 4 484 tonnes, marking a dramatic 129.9% increase compared to the previous year. The largest decline was recorded in 2019 at 50.0%.

Annual dynamics of product's exports from Ghana in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	17.4%	(50.0%)	129.9%	10.5%

Source: SHEV.io

From 2017 to 2020, three key markets—the Netherlands, Germany, and Spain—collectively accounted for 55.4% of Ghana's total exports in kind of palm kernel or babassu oil and fractions.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Ghana in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Market performance exhibited noticeable fluctuations during this period. Exports varied considerably, with a 2.9-fold difference between the low of 1 379 thousand US dollars in 2019 and the peak of 3 775 thousand US dollars in 2020. In 2020, the value of exported palm kernel or babassu oil and fractions from Ghana stood at 3 775 thousand US dollars, representing a dramatic 173.7% rise compared to 2019. The largest decline was recorded in 2019 at 45.3%.

Annual dynamics of product's exports from Ghana in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(37.9%)	(45.3%)	173.7%	(2.4%)

Source: SHEV.io

Between 2017 and 2020, the Netherlands, Germany, and Spain remained the main destinations for Ghana's palm kernel or babassu oil and fractions exports in value terms. Together, they accounted for 61.7% of total exports, with the Netherlands contributing 39.4%, Germany 11.3%, and Spain 11.0%.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Ghana in value, 2017-2020

Source: SHEV.io

Imports palm kernel or babassu oil and fractions to Ghana

Imports in kind, t

The data reveals irregular changes, indicating a volatile market environment. Import levels showed a 1.9-fold variation, decreasing from a high of 2 675 tonnes in 2019 to a low of 1 407 tonnes in 2020. In 2020, Ghana's cross-border shipments of palm kernel or babassu oil and fractions amounted to 1 407 tonnes, reflecting a dramatic 47.4% decrease versus the previous year. The largest increase was recorded in 2019 at 84.1%.

Annual dynamics of product's imports to Ghana in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(45.1%)	84.1%	(47.4%)	(19.0%)

Source: SHEV.io

Throughout 2017-2020, Malaysia remained the almost exclusive supplier of palm kernel or babassu oil and fractions to Ghana, accounting for 91.3% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Ghana in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

The data reveals irregular changes, pointing to a volatile market environment. Imports varied by 3.5-fold, declining from a maximum in 2017 to a minimum of 1 171 thousand US dollars in 2020. In 2020, Ghana imported 1 171 thousand US dollars worth of palm kernel or babassu oil and fractions, constituting a sharp 52.1% decrease from a year earlier. The largest increase was recorded in 2019 at 3.6%.

Annual dynamics of product's imports to Ghana in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(43.0%)	3.6%	(52.1%)	(34.3%)

Source: SHEV.io

Over the 2017-2020 period, virtually all imports in value terms of palm kernel or babassu oil and fractions to Ghana were associated with Malaysia, whose share reached 90.8% of total flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Ghana in value, 2017-2020

Source: SHEV.io