Ghana: Meat Market Overview 2020

Meat Market Size in Ghana

The revenue of the meat market in Ghana amounted to $X in 2018, approximately equating the previous year. In general, meat consumption continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. Over the period under review, the meat market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Meat Production in Ghana

In value terms, meat production totaled $X in 2018 estimated in export prices. Overall, meat production continues to indicate an abrupt descent. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, meat production reached its maximum level at $X in 2008; however, from 2009 to 2018, production stood at a somewhat lower figure.

In 2018, the average meat yield in Ghana totaled X kg per head, remaining constant against the previous year. Overall, the meat yield continues to indicate a relatively flat trend pattern.

In 2018, the number of animals slaughtered for meat production in Ghana totaled X head, flattening at the previous year. Over the period under review, the number of animals slaughtered for meat production continues to indicate a relatively flat trend pattern.

Meat Exports

Exports from Ghana

In 2018, the amount of meat exported from Ghana stood at X tonnes, declining by -X% against the previous year. In general, meat exports, however, continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. In that year, meat exports attained their peak of X tonnes, and then declined slightly in the following year.

In value terms, meat exports amounted to $X in 2018. Overall, meat exports, however, continue to indicate a sharp deduction. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

Togo (X tonnes) was the main destination for meat exports from Ghana, with a approx. X% share of total exports.

From 2007 to 2018, the average annual growth rate of volume to Togo stood at +X%.

In value terms, Togo ($X) also remains the key foreign market for meat exports from Ghana.

From 2007 to 2018, the average annual growth rate of value to Togo amounted to +X%.

Export Prices by Country

The average meat export price stood at $X per tonne in 2018, rising by X% against the previous year. Overall, the meat export price, however, continues to indicate a precipitous decrease. The pace of growth was the most pronounced in 2018 an increase of X% year-to-year. Over the period under review, the average export prices for meat attained their maximum at $X per tonne in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

As there is only one major export destination, the average price level is determined by prices for Togo.

From 2007 to 2018, the rate of growth in terms of prices for Togo amounted to -X% per year.

Meat Imports

Imports into Ghana

In 2018, the amount of meat imported into Ghana amounted to X tonnes, approximately equating the previous year. Over the period under review, meat imports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, meat imports stood at $X in 2018. In general, meat imports, however, continue to indicate a drastic curtailment. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Imports peaked at $X in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tonnes), Ireland (X tonnes) and the UK (X tonnes) were the main suppliers of meat imports to Ghana, together accounting for X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Ireland, while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Ireland ($X) and the UK ($X) were the largest meat suppliers to Ghana, with a combined X% share of total imports.

Among the main suppliers, Ireland recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average meat import price amounted to $X per tonne, standing approx. at the previous year. Over the period under review, the meat import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($X per tonne), while the price for Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform