Price for Frozen Boneless Cuts of Bovine Meat in Ghana - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Ghana (CIF) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Ghana (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Ghana
- Exports of Frozen Boneless Cuts of Bovine Meat in Ghana
Price for Frozen Boneless Cuts of Bovine Meat in Ghana (CIF) - 2022
In 2022, the average import price for frozen boneless cuts of bovine meat amounted to $3,821 per ton, surging by 103% against the previous year. In general, the import price continues to indicate prominent growth. As a result, import price attained the peak level and is likely to continue 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 Egypt ($4,906 per ton), while the price for Argentina ($509 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Ghana (FOB) - 2022
In 2022, the average export price for frozen boneless cuts of bovine meat amounted to $1,708 per ton, picking up by 5.7% against the previous year. In general, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2018 an increase of 135% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Namibia.
From 2015 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to 0.0% per year.
Imports of Frozen Boneless Cuts of Bovine Meat in Ghana
In 2022, overseas purchases of frozen boneless cuts of bovine meat decreased by -46.2% to 3.9K tons, falling for the second consecutive year after two years of growth. In general, imports saw a sharp descent. The pace of growth was the most pronounced in 2020 with an increase of 3.1%. As a result, imports reached the peak of 9.8K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of frozen boneless cuts of bovine meat expanded notably to $15M in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Boneless Cuts of Bovine Meat in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 70.9 | 824 | 2,700 | 4,169 | 288.9% |
| Netherlands | 78.1 | 1,668 | 9,344 | 1,490 | 167.2% |
| United Kingdom | 103 | 253 | 745 | 1,079 | 118.8% |
| Belgium | 70.6 | 52.4 | 334 | 673 | 112.0% |
| Brazil | 66.4 | 37.7 | 301 | 457 | 90.2% |
| Egypt | 0.7 | 53.2 | 243 | 392 | 724.3% |
| Namibia | N/A | N/A | N/A | 283 | 0% |
| Spain | 16.8 | 26.6 | 94.2 | 130 | 97.8% |
| India | 18.3 | 9.9 | 93.0 | 115 | 84.5% |
| Argentina | 21.5 | 25.1 | 68.8 | 90.3 | 61.3% |
| Italy | 34.4 | 89.3 | 296 | 73.1 | 28.6% |
| Denmark | 17.6 | 24.9 | 13.8 | 67.9 | 56.8% |
| Others | 13,878 | 11,753 | -412.3 | 6,072 | -24.1% |
| Total | 14,376 | 14,817 | 13,820 | 15,092 | 1.6% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Ghana in 2022:
- Ireland (1639.6 tons)
- Netherlands (834.2 tons)
- United Kingdom (791.6 tons)
- Belgium (509.4 tons)
- Brazil (194.5 tons)
- Argentina (177.5 tons)
- Italy (120.7 tons)
- Namibia (99.4 tons)
- Denmark (91.6 tons)
- India (91.2 tons)
- Spain (90.1 tons)
- Egypt (79.9 tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Ghana
In 2022, shipments abroad of frozen boneless cuts of bovine meat was finally on the rise to reach 459 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of frozen boneless cuts of bovine meat surged to $784 in 2022. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Frozen Boneless Cuts of Bovine Meat in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | N/A | N/A | N/A | 182 | 0% |
| New Zealand | N/A | 109 | N/A | N/A | 0% |
| Niger | 301 | N/A | N/A | N/A | 0% |
| Romania | N/A | N/A | 126 | N/A | 0% |
| Others | N/A | N/A | N/A | 602 | 0% |
| Total | 301 | 109 | 126 | 784 | 37.6% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Ghana in 2022:
- Namibia (116.0 kg)
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