Ghana - Frozen Skipjack Tuna - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Skipjack Tuna Price in Ghana - 2022
Contents:
- Frozen Skipjack Tuna Price in Ghana (FOB) - 2022
- Frozen Skipjack Tuna Price in Ghana (CIF) - 2022
- Frozen Skipjack Tuna Exports in Ghana
- Frozen Skipjack Tuna Imports in Ghana
Frozen Skipjack Tuna Price in Ghana (FOB) - 2022
The average frozen skipjack tuna export price stood at $1,847 per ton in 2022, picking up by 5.6% against the previous year. Over the period under review, the export price, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2020 an increase of 25% against the previous year. Over the period under review, the average export prices hit record highs at $2,058 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($1,953 per ton), while the average price for exports to Cote d'Ivoire ($397 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+6.3%), while the prices for the other major destinations experienced a decline.
Frozen Skipjack Tuna Price in Ghana (CIF) - 2022
The average frozen skipjack tuna import price stood at $626 per ton in 2022, falling by -14.4% against the previous year. Over the period under review, the import price continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2013 an increase of 44% against the previous year. As a result, import price attained the peak level of $1,189 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,045 per ton), while the price for Mauritania ($278 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced a decline.
Frozen Skipjack Tuna Exports in Ghana
For the fourth year in a row, Ghana recorded growth in overseas shipments of frozen skipjack tuna, which increased by 0.4% to 7.1K tons in 2022. The total export volume increased at an average annual rate of +13.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 42% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, frozen skipjack tuna exports expanded notably to $13M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 78% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Frozen Skipjack Tuna in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1.2 | 4.6 | 4.6 | 4.4 | 54.2% |
| Iran | 2.2 | 4.4 | 3.6 | 2.9 | 9.6% |
| Tunisia | 0.8 | 0.9 | 0.8 | 1.0 | 7.7% |
| Colombia | 1.0 | 0.5 | 0.9 | 0.7 | -11.2% |
| Portugal | 0.1 | 0.2 | 0.3 | 0.5 | 71.0% |
| Peru | 0.1 | 0.2 | 0.3 | 0.5 | 71.0% |
| Spain | 0.2 | 0.3 | 0.4 | 0.5 | 35.7% |
| Thailand | 0.2 | 0.2 | 0.6 | 0.4 | 26.0% |
| Turkey | 0.4 | 0.5 | 0.1 | 0.3 | -9.1% |
| Cote d'Ivoire | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.7 | 0.7 | 0.8 | 1.7 | 34.4% |
| Total | 7.0 | 12.5 | 12.3 | 13.1 | 23.2% |
Top Export Markets for Frozen Skipjack Tuna from Ghana in 2022:
- United Arab Emirates (2285.7 tons)
- Iran (1514.4 tons)
- Tunisia (527.3 tons)
- Colombia (513.1 tons)
- Spain (311.0 tons)
- Peru (288.5 tons)
- Thailand (274.5 tons)
- Portugal (272.6 tons)
- Turkey (208.7 tons)
- Cote d'Ivoire (126.1 tons)
Frozen Skipjack Tuna Imports in Ghana
For the third year in a row, Ghana recorded decline in purchases abroad of frozen skipjack tuna, which decreased by -6.6% to 75 tons in 2022. Overall, imports showed a abrupt contraction. The smallest decline of -6.6% was in 2021.
In value terms, frozen skipjack tuna imports declined significantly to $47K in 2022. Over the period under review, imports faced a dramatic decline.
| Import of Frozen Skipjack Tuna in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1.9 | 8.4 | 19.8 | 21.4 | 124.2% |
| France | 25.6 | 24.6 | 5.5 | 8.1 | -31.9% |
| China | 6.1 | 4.3 | 6.0 | 6.5 | 2.1% |
| Senegal | 6.8 | 2.2 | 2.2 | 2.8 | -25.6% |
| Others | 51.6 | 34.1 | 25.5 | 8.4 | -45.4% |
| Total | 92.0 | 73.6 | 58.9 | 47.1 | -20.0% |
Top Suppliers of Frozen Skipjack Tuna to Ghana in 2022:
- Spain (29.7 tons)
- France (14.7 tons)
- Senegal (9.2 tons)
- China (6.3 tons)
This report provides an in-depth analysis of the frozen skipjack tuna market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Product coverage:
Country coverage:
- Ghana
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ghana
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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