Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ghana - 2022

Contents:

  1. Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ghana (CIF) - 2022
  2. Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ghana (FOB) - 2022
  3. Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ghana
  4. Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ghana

Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ghana (CIF) - 2022

In 2022, the average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $1,159 per ton, with a decrease of -4.3% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 42%. The import price peaked at $1,211 per ton in 2021, and then contracted modestly in the following year.

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 Ireland ($1,873 per ton), while the price for Argentina ($736 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ghana (FOB) - 2022

The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $371 per ton in 2022, approximately reflecting the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2015 when the average export price increased by 3.6% against the previous year. The export price peaked at $869 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Togo.

From 2012 to 2022, the rate of growth in terms of prices for Togo amounted to -8.0% per year.

Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ghana

In 2022, approx. 40K tons of offal, edible; of bovine animals, (other than tongues and livers), frozens were imported into Ghana; picking up by 5.2% against the previous year. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 441%. As a result, imports reached the peak of 44K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $46M in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 666%. As a result, imports reached the peak of $47M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ghana (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ireland0.814.110.39.2125.7%
Netherlands0.20.81.58.3246.2%
United Kingdom0.48.97.47.9170.3%
Poland0.33.24.43.2120.1%
Germany0.22.84.53.2152.0%
Italy0.42.65.03.095.7%
Russia0.42.42.32.481.7%
Belgium2.13.52.81.5-10.6%
Spain0.11.92.11.4141.0%
ParaguayN/A0.90.71.110.6%
Brazil0.30.70.70.944.2%
TurkeyN/A0.20.60.787.1%
Argentina0.21.00.80.751.8%
Others0.63.52.92.765.1%
Total6.146.645.946.396.5%

Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to Ghana in 2022:

  1. Netherlands (6.6K tons)
  2. United Kingdom (5.6K tons)
  3. Ireland (4.9K tons)
  4. Germany (3.9K tons)
  5. Poland (3.8K tons)
  6. Italy (3.2K tons)
  7. Russia (2.6K tons)
  8. Belgium (1.2K tons)
  9. Spain (1.2K tons)
  10. Paraguay (1.1K tons)
  11. Brazil (1.0K tons)
  12. Argentina (0.9K tons)
  13. Turkey (0.8K tons)

Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ghana

In 2022, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens from Ghana fell significantly to 5.2 tons, with a decrease of -38% on the previous year's figure. Over the period under review, exports, however, showed prominent growth. The growth pace was the most rapid in 2021 with an increase of 317%. As a result, the exports attained the peak of 8.3 tons, and then declined significantly in the following year.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens contracted markedly to $1.9K in 2022. In general, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 292%. As a result, the exports reached the peak of $3.1K, and then contracted notably in the following year.

Export of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Togo1.60.83.11.95.9%
OthersN/AN/AN/AN/A0%
Total1.60.83.11.95.9%

Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from Ghana in 2022:

  1. Togo (5.2 tons)

Source: IndexBox Market Intelligence Platform

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