Ghana: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in Ghana

The Ghanian frozen yellowfin tuna market dropped to $X in 2020, declining by -X% against the previous year. In general, consumption showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2012 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Frozen Yellowfin Tuna Production in Ghana

In value terms, frozen yellowfin tuna production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, production, however, continues to indicate a mild setback. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2020, production failed to regain the momentum.

Frozen Yellowfin Tuna Exports

Exports from Ghana

In 2020, the amount of frozen yellowfin tuna exported from Ghana rose to X tons, increasing by X% on the previous year's figure. Overall, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2020 and are likely to see gradual growth in years to come.

In value terms, frozen yellowfin tuna exports fell to $X in 2020. In general, exports posted a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for frozen yellowfin tuna exports from Ghana, with a X% share of total exports. Moreover, frozen yellowfin tuna exports to the United Arab Emirates exceeded the volume sent to the second major destination, Vietnam (X tons), fourfold. The third position in this ranking was occupied by Spain (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Spain (-X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for frozen yellowfin tuna exports from Ghana, comprising X% of total exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the United Arab Emirates totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Spain (-X% per year).

Export Prices by Country

The average frozen yellowfin tuna export price stood at $X per ton in 2020, reducing by -X% against the previous year. Overall, the export price saw a slight decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2015 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Yellowfin Tuna Imports

Imports into Ghana

In 2020, purchases abroad of frozen yellowfin tuna decreased by -X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X% year-to-year. As a result, imports attained the peak of X tons. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, frozen yellowfin tuna imports shrank rapidly to $X in 2020. In general, imports, however, posted slight growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

France (X tons) and Spain (X tons) were the main suppliers of frozen yellowfin tuna imports to Ghana.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France.

In value terms, France ($X) and Spain ($X) appeared to be the largest frozen yellowfin tuna suppliers to Ghana.

France saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2020, the average frozen yellowfin tuna import price amounted to $X per ton, which is down by -X% against the previous year. In general, import price indicated modest growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen yellowfin tuna import price increased by +X% against 2016 indices. The growth pace was the most rapid in 2010 an increase of X% year-to-year. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was France ($X per ton), while the price for Spain stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France.

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Source: IndexBox Platform

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