Ghana: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Ghana

The Ghanian seafood meals and pellets market rose to $X in 2022, growing by X% against the previous year. In general, consumption continues to indicate a resilient increase. Seafood meals and pellets consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Ghana

In value terms, seafood meals and pellets production reached $X in 2022 estimated in export price. In general, production continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Seafood meals and pellets production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Ghana

In 2022, approx. X tons of flours, meals and pellets of fish or of crustaceans and molluscs were exported from Ghana; jumping by X% compared with the year before. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, seafood meals and pellets exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Greece (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) were the main destinations of seafood meals and pellets exports from Ghana, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for seafood meals and pellets exported from Ghana were Greece ($X), Japan ($X) and Taiwan (Chinese) ($X), together comprising X% of total exports.

In terms of the main countries of destination, Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average seafood meals and pellets export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Greece ($X per ton) and Japan ($X per ton), while the average price for exports to Nigeria ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

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

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Ghana

Seafood meals and pellets imports into Ghana shrank remarkably to X tons in 2022, declining by X% compared with the previous year's figure. Overall, imports saw a sharp setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, seafood meals and pellets imports shrank significantly to $X in 2022. Over the period under review, imports faced a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), Mauritania (X tons) and the UK (X tons) were the main suppliers of seafood meals and pellets imports to Ghana, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest seafood meals and pellets suppliers to Ghana were Mauritania ($X), the UK ($X) and Seychelles ($X), with a combined X% share of total imports.

The UK, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average seafood meals and pellets import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price saw a abrupt contraction. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Seychelles ($X per ton), while the price for Senegal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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