Ghana: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Ghana

The Ghanian market for frozen, dried and smoked fish shrank slightly to $X in 2022, stabilizing at the previous year. Overall, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Frozen, Dried And Smoked Fish in Ghana

In value terms, frozen, dried and smoked fish production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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Exports of Frozen, Dried And Smoked Fish

Exports from Ghana

In 2022, shipments abroad of frozen, dried and smoked fish was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, frozen, dried and smoked fish exports rose slightly to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X tons), the United Arab Emirates (X tons) and Spain (X tons) were the main destinations of frozen, dried and smoked fish exports from Ghana, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen, dried and smoked fish exported from Ghana were the United Arab Emirates ($X), Spain ($X) and Cote d'Ivoire ($X), with a combined X% share of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for frozen, dried and smoked fish stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Imports of Frozen, Dried And Smoked Fish

Imports into Ghana

In 2022, after two years of decline, there was growth in supplies from abroad of frozen, dried and smoked fish, when their volume increased by X% to X tons. In general, imports recorded a noticeable expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, frozen, dried and smoked fish imports contracted slightly to $X in 2022. Over the period under review, imports posted a pronounced increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Mauritania (X tons), Chile (X tons) and South Korea (X tons) were the main suppliers of frozen, dried and smoked fish imports to Ghana, together comprising X% of total imports. The Netherlands, China, Morocco, Norway, Senegal, Peru, Spain, Ecuador, the United States and France lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest frozen, dried and smoked fish suppliers to Ghana were Mauritania ($X), Chile ($X) and China ($X), together accounting for X% of total imports. South Korea, Morocco, the Netherlands, Senegal, Norway, Peru, Spain, France, the United States and Ecuador lagged somewhat behind, together accounting for a further X%.

Ecuador, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for frozen, dried and smoked fish stood at $X per ton in 2022, reducing by X% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen, dried and smoked fish import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then fell in the following year.

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

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

Source: IndexBox Platform

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