Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ghana - 2022
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ghana (CIF) - 2022
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ghana
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ghana (CIF) - 2022
The average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $1,687 per ton in 2022, surging by 33% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by +107.1% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 46% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($10,290 per ton), while the price for Russia ($160 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ghana
In 2022, the amount of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat imported into Ghana fell to 1.6K tons, with a decrease of -1.6% compared with 2021. Over the period under review, imports recorded a abrupt decrease.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat soared to $2.6M in 2022. The total import value increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 59.2 | 46.7 | 483 | 610 | 117.6% |
| Belgium | 178 | 8.6 | 83.3 | 433 | 34.5% |
| Netherlands | 52.0 | 84.3 | 120 | 249 | 68.6% |
| United Kingdom | 82.2 | 630 | 476 | 152 | 22.7% |
| India | 139 | 128 | 104 | 68.9 | -20.9% |
| Italy | 21.2 | 30.5 | 38.4 | 62.4 | 43.3% |
| Hong Kong SAR | 32.0 | 35.1 | 33.7 | 26.6 | -6.0% |
| Spain | 51.4 | 46.4 | 36.7 | 23.9 | -22.5% |
| France | 48.3 | 44.7 | 25.4 | 9.9 | -41.0% |
| Cyprus | 18.4 | 16.6 | 13.2 | 8.6 | -22.4% |
| Poland | 26.6 | 19.9 | 13.0 | 7.0 | -35.9% |
| Russia | 17.6 | 14.2 | 10.1 | 5.9 | -30.5% |
| Brazil | 103 | 38.4 | 5.1 | 3.3 | -68.2% |
| Others | 1,643 | 1,068 | 572 | 976 | -15.9% |
| Total | 2,472 | 2,211 | 2,014 | 2,636 | 2.2% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Ghana in 2022:
- Belgium (511.8 tons)
- Netherlands (257.8 tons)
- United Kingdom (256.8 tons)
- Spain (91.8 tons)
- Hong Kong SAR (66.6 tons)
- Italy (60.4 tons)
- Ireland (59.3 tons)
- Russia (36.6 tons)
- Cyprus (28.6 tons)
- India (23.1 tons)
- Poland (11.7 tons)
- France (9.5 tons)
- Brazil (1.2 tons)
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