Sheep; Live Price in Ghana - 2023

Contents:

1. Sheep; Live Price in Ghana (CIF) - 2022
2. Sheep; Live Price in Ghana (FOB) - 2022
3. Sheep; Live Imports in Ghana
4. Sheep; Live Exports in Ghana

Sheep; Live Price in Ghana (CIF) - 2022

The average sheep; live import price stood at $106 per unit in 2022, surging by 2.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2013 an increase of 24%. The import price peaked at $112 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 Burkina Faso ($118 per unit), while the price for Niger ($66 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (-1.1%), while the prices for the other major suppliers experienced a decline.

Sheep; Live Price in Ghana (FOB) - 2022

In 2022, the average sheep; live export price amounted to $101 per unit, remaining constant against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sheep; live export price increased by +28.4% against 2017 indices. The pace of growth was the most pronounced in 2014 an increase of 47%. Over the period under review, the average export prices attained the maximum at $101 per unit in 2021, and then contracted in the following year.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +5.3% per year.

Sheep; Live Imports in Ghana

Sheep; live imports into Ghana shrank modestly to 1.9K units in 2022, approximately equating the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 2.5%. As a result, imports attained the peak of 1.9K units, leveling off in the following year.

In value terms, sheep; live imports expanded slightly to $198K in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 8.1% against the previous year. As a result, imports reached the peak of $201K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Sheep; Live to Ghana in 2022:

1. Mali (1342.0 units)
2. Burkina Faso (440.0 units)
3. Niger (76.0 units)

Sheep; Live Exports in Ghana

Sheep; live exports from Ghana was estimated at 78 units in 2022, therefore, remained relatively stable against 2021. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 333% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, sheep; live exports shrank to $7.8K in 2022. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 440% against the previous year. Over the period under review, the exports attained the maximum at $7.9K in 2021, and then reduced slightly in the following year.

Top Export Markets for Sheep; Live from Ghana in 2022:

1. Cote d'Ivoire (78.0 units)

Source: IndexBox Market Intelligence Platform