Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Ghana - 2022

Contents:

1. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Ghana (CIF) - 2022
2. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Ghana (FOB) - 2022
3. Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Ghana
4. Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Ghana

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Ghana (CIF) - 2022

In 2022, the average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $10,468 per ton, with an increase of 4.2% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds increased by +4.0% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by 43%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($11,089 per ton), while the price for South Africa ($3,835 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Ghana (FOB) - 2022

In 2022, the average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $1,937 per ton, falling by -33.3% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2017 an increase of 132% against the previous year. The export price peaked at $7,708 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($3,718 per ton), while the average price for exports to the United States totaled $1,572 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+16.3%), while the prices for the other major destinations experienced a decline.

Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Ghana

For the fourth year in a row, Ghana recorded growth in supplies from abroad of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds, which increased by 8.3% to 14 tons in 2022. The total import volume increased at an average annual rate of +11.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 21% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds expanded remarkably to $142K in 2022. The total import value increased at an average annual rate of +12.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 15%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to Ghana in 2022:

1. Vietnam (11.5 tons)
2. Netherlands (0.9 tons)
3. South Africa (0.6 tons)
4. United Arab Emirates (0.2 tons)
5. Portugal (0.1 tons)

Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Ghana

In 2022, the amount of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds exported from Ghana surged to 34 tons, rising by 67% compared with the previous year. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 331% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $67K in 2022. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 281%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from Ghana in 2022:

1. United States (28.5 tons)
2. Canada (5.9 tons)

Source: IndexBox Market Intelligence Platform