Ghana: Pork Market 2024

Pork Market Size in Ghana

In 2022, after five years of growth, there was decline in the Ghanian pork market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Pork Production in Ghana

In value terms, pork production reduced slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The average yield of pork in Ghana was estimated at X kg per head in 2022, flattening at the previous year's figure. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the yield increased by X%. Over the period under review, the average pork yield reached the peak level at X kg per head in 2015; however, from 2016 to 2022, the yield failed to regain momentum.

In 2022, number of animals slaughtered for pork production in Ghana fell to X heads, waning by X% on the previous year's figure. This number increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when the number of producing animals increased by X%. As a result, the number of producing animals attained the peak level of X heads, and then fell in the following year.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Pork Exports

Exports from Ghana

In 2022, pork exports from Ghana was estimated at X kg, remaining stable against the previous year's figure. Over the period under review, exports continue to indicate a dramatic shrinkage. The smallest decline of X% was in 2017. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, pork exports stood at $X in 2022. In general, exports showed a precipitous setback. The smallest decline of X% was in 2017. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Namibia was relatively modest.

From 2012 to 2022, the average annual growth rate of value to Namibia was relatively modest.

Export Prices by Country

The average pork export price stood at $X per ton in 2022, approximately reflecting the previous year. In general, the export price saw a pronounced reduction. The pace of growth appeared the most rapid in 2017 a decrease of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to X% per year.

Pork Imports

Imports into Ghana

Pork imports into Ghana expanded remarkably to X tons in 2022, surging by X% against 2021 figures. Over the period under review, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, pork imports shrank to $X in 2022. In general, imports recorded a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

Poland (X tons), the Netherlands (X tons) and the United States (X tons) were the main suppliers of pork imports to Ghana, together comprising X% of total imports. France, Denmark, Belgium, the UK, Ireland, Spain, Canada, Germany, Italy and Brazil lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of pork to Ghana, comprising X% of total imports. The second position in the ranking was held by Ireland ($X), with an X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the average pork import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price recorded a slight downturn. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :