Ghana: Market for Frozen Fish And Seafood 2022

Market Size for Frozen Fish And Seafood in Ghana

The Ghanian frozen fish and seafood market declined to $X in 2021, shrinking by -X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Frozen Fish And Seafood in Ghana

In value terms, frozen fish and seafood production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Frozen Fish And Seafood

Exports from Ghana

In 2021, frozen fish and seafood exports from Ghana soared to X tons, increasing by X% against 2020. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, frozen fish and seafood exports surged to $X in 2021. Over the period under review, exports, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons), Colombia (X tons) and Italy (X tons) were the main destinations of frozen fish and seafood exports from Ghana, with a combined X% share of total exports. Portugal, Turkey and the United States lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in the United States (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for frozen fish and seafood exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with an X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Spain totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+X% per year) and Italy (-X% per year).

Export Prices by Country

In 2021, the average frozen fish and seafood export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Portugal ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+X%), while the prices for the other major destinations experienced a decline.

Imports of Frozen Fish And Seafood

Imports into Ghana

In 2021, approx. X tons of frozen fish and seafood were imported into Ghana; waning by -X% compared with 2020 figures. Over the period under review, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, frozen fish and seafood imports declined to $X in 2021. Overall, imports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Chile (X tons) and Japan (X tons) were the main suppliers of frozen fish and seafood imports to Ghana, with a combined X% share of total imports. These countries were followed by Ecuador, Norway, the Netherlands, Spain, Argentina, France, New Zealand and Oman, which together accounted for a further X 2012 to 2021, the biggest increases were in Ecuador (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish and seafood suppliers to Ghana were Japan ($X), Chile ($X) and China ($X), with a combined X% share of total imports. These countries were followed by Norway, Ecuador, France, Spain, the Netherlands, Argentina, New Zealand and Oman, which together accounted for a further X terms of the main suppliers, Ecuador, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average frozen fish and seafood import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform