Ghana - Goat Meat - Market Analysis, Forecast, Size, Trends and Insights

Ghana: Goat Meat Market Overview 2019

Goat Meat Market Size in Ghana

The revenue of the goat meat market in Ghana amounted to $X in 2017, shrinking by -X% against the previous year. Overall, goat meat consumption continues to indicate a prominent growth. The pace of growth was the most pronounced in 2009, when it surged by X% y-o-y. Over the period under review, the goat meat market attained its peak figure level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Goat Meat Production in Ghana

In 2017, the amount of goat meat produced in Ghana totaled X tonnes, coming up by X% against the previous year. Overall, the total output indicated a remarkable increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the goat meat production increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2009, when it surged by X% year-to-year. Over the period under review, the goat meat production attained its peak figure volume in 2017, and is expected to retain its growth in the immediate term. Goat meat output in Ghana indicated a strong expansion, which was largely conditioned by a prominent expansion of the producing animals and a slight increase in yield figures.

In 2017, average goat meat yield in Ghana totaled X kg per head, approximately mirroring the previous year. The yield figure increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014, when yield increased by X% y-o-y. The goat meat yield peaked in 2017, and is likely to see steady growth in the immediate term.

The number of animals slaughtered for goat meat production in Ghana amounted to X heads in 2017, growing by X% against the previous year. Overall, the total producing animals indicated a strong growth from 2007 to 2017: its figure increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2009, with an increase of X% against the previous year. Over the period under review, this number attained its maximum figure in 2017, and is likely to continue its growth in the immediate term.

Goat Meat Exports

Exports from Ghana

In 2017, the amount of goat meat exported from Ghana totaled X kg, rising by X% against the previous year. In general, the total exports indicated a remarkable increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017, with an increase of X% against the previous year. In that year, the goat meat exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, goat meat exports totaled $X in 2017. The total export value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the goat meat exports reached its maximum level in 2017, and are likely to continue its growth in the immediate term.

Goat Meat Imports

Imports into Ghana

Goat meat imports into Ghana amounted to X tonnes in 2017, rising by X% against the previous year. In general, goat meat imports continue to indicate a skyrocketing growth. The pace of growth appeared the most rapid in 2008, with an increase of X% against the previous year. The imports peaked in 2017, and are likely to see steady growth in the near future.

In value terms, goat meat imports amounted to $X in 2017. In general, goat meat imports continue to indicate a skyrocketing expansion. The imports peaked of $X in 2016, and then declined slightly in the following year.

Imports by Country

In 2017, the UK (X tonnes) was the main supplier of goat meat to Ghana, accounting for X% share of total imports. It was followed by South Africa (X kg), with a X% share of total imports.

From 2007 to 2017, the average annual rate of growth in terms of volume from the UK amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+X% per year) and the Netherlands (+X% per year).

In value terms, the UK ($X) constituted the largest supplier of goat meat to Ghana, making up X% of total goat meat imports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total imports.

From 2007 to 2017, the average annual growth rate of value from the UK stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2017, the average goat meat import price amounted to $X per tonne, coming down by -X% against the previous year. In general, goat meat import price continues to indicate an abrupt setback. The growth pace was the most rapid in 2008, an increase of X% y-o-y. In that year, the average import prices for goat meat attained their peak level of $X per tonne. From 2009 to 2017, growth of the average import prices for goat meat failed to regain its momentum.

Import prices varied noticeably by the country of origin; the country with the highest import price was South Africa ($X per tonne), while price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by South Africa (+X% per year), the import prices for other major suppliers experienced a decline.

Source: IndexBox AI Platform