Ghana: Pork Market Overview 2021

Pork Market Size in Ghana

In 2019, the Ghanian pork market increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption posted temperate growth. The pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.

Pork Production in Ghana

In value terms, pork production rose markedly to $X in 2019 estimated in export prices. Overall, production posted a buoyant expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Pork production peaked at $X in 2014; however, from 2015 to 2019, production remained at a lower figure.

In 2019, the average pork yield in Ghana was estimated at X kg per head, remaining stable against the previous year's figure. In general, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the yield increased by X% y-o-y. The pork yield peaked in 2019 and is expected to retain growth in the immediate term.

In 2019, approx. X heads of animals slaughtered for pork production in Ghana; growing by X% on the previous year's figure. Overall, the total number of producing animals indicated a temperate increase from 2007 to 2019: its figure increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, number of animals slaughtered for pork production increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2017 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for pork production peaked in 2019 and is likely to see steady growth in the near future.

Pork Exports

Exports from Ghana

After two years of decline, shipments abroad of pork decreased by X% to X kg in 2019. Over the period under review, exports posted a tangible increase. Over the period under review, exports hit record highs at X tonnes in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

In value terms, pork exports stood at $X in 2019. Overall, exports continue to indicate a notable increase. Over the period under review, exports hit record highs at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

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

From 2007 to 2016, the average annual rate of growth in terms of volume to Togo totaled +X%.

From 2007 to 2016, the average annual growth rate of value to Togo totaled +X%.

Export Prices by Country

In 2016, the average pork export price amounted to $X per tonne, remaining constant against the previous year. Over the period under review, the export price showed mild growth. The pace of growth appeared the most rapid in 2014 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2015 to 2016, the growth in terms of the average export prices remained at a somewhat lower figure.

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

From 2007 to 2016, the rate of growth in terms of prices for Togo amounted to +X% per year.

Pork Imports

Imports into Ghana

In 2019, overseas purchases of pork decreased by -X% to X tonnes, falling for the fifth year in a row after three years of growth. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2013 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, pork imports fell to $X in 2019. In general, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tonnes), the Netherlands (X tonnes) and Ireland (X tonnes) were the main suppliers of pork imports to Ghana, together comprising X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pork suppliers to Ghana were the Netherlands ($X), Belgium ($X) and Ireland ($X), together accounting for X% of total imports.

Ireland saw the highest rates of growth with regard to the value of imports, in terms of 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 pork import price stood at $X per tonne in 2019, falling by -X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Germany ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pork in the world?

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China (56M tonnes) constituted the country with the largest volume of pork consumption, accounting for 46% of total volume. Moreover, pork consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (11M tonnes), fivefold. Germany (4.5M tonnes) ranked third in terms of total consumption with a 3.7% share.

What are the largest producers of pork in the world?

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China (55M tonnes) constituted the country with the largest volume of pork production, accounting for 45% of total volume. Moreover, pork production in China exceeded the figures recorded by the second-largest producer, the U.S. (12M tonnes), fivefold. The third position in this ranking was occupied by Germany (5.4M tonnes), with a 4.4% share.

What are the leading suppliers of pork to Ghana?

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In value terms, the Netherlands ($107K), Belgium ($95K) and Ireland ($46K) constituted the largest pork suppliers to Ghana, with a combined 64% share of total imports.

What is the average export price for pork in Ghana?

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The average pork export price stood at $1,022 per tonne in 2016, therefore, remained relatively stable against the previous year.

What is the average import price for pork in Ghana?

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In 2019, the average pork import price amounted to $936 per tonne, declining by -3.7% against the previous year.