Ghana: Poultry Market 2022

Poultry Market Size in Ghana

In 2021, the Ghanian poultry market decreased by -5.7% to $X for the first time since 2016, thus ending a four-year rising trend. In general, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +85.6% against 2016 indices. Poultry consumption peaked at $X in 2020, and then declined in the following year.

Poultry Production in Ghana

In value terms, poultry production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +57.8% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 28%. As a result, production reached the peak level of $X, and then reduced in the following year.

The average yield of poultry in Ghana totaled X kg per X heads in 2021, remaining stable against the previous year. Overall, the yield continues to indicate a relatively flat trend pattern. As a result, the yield attained the peak level and is likely to continue growth in the immediate term.

The number of animals slaughtered for poultry production in Ghana reduced to X heads in 2021, waning by -3.5% compared with 2020. This number increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 9.9%. The number of animals slaughtered for poultry production peaked at X heads in 2020, and then shrank slightly in the following year.

Poultry Exports

Exports from Ghana

In 2021, poultry exports from Ghana reached X tons, picking up by 6.5% compared with the year before. Overall, exports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of 55% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, poultry exports contracted to $X in 2021. In general, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 50%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Togo (X tons) was the main destination for poultry exports from Ghana, with a 90% share of total exports. Moreover, poultry exports to Togo exceeded the volume sent to the second major destination, Cote d'Ivoire (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Togo totaled +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-27.9% per year) and Benin (-21.9% per year).

In value terms, Togo ($X) remains the key foreign market for poultry exports from Ghana, comprising 71% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Togo stood at +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-19.3% per year) and Benin (-13.2% per year).

Export Prices by Country

In 2021, the average poultry export price amounted to $X per ton, which is down by -9% against the previous year. Over the period under review, the export price, however, recorded a modest expansion. The growth pace was the most rapid in 2018 when the average export price increased by 116%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Benin ($X per ton), while the average price for exports to Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Poultry Imports

Imports into Ghana

In 2021, supplies from abroad of poultry decreased by -7.3% to X tons for the first time since 2016, thus ending a four-year rising trend. Overall, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2017 when imports increased by 57% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then fell in the following year.

In value terms, poultry imports fell to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable increase. The pace of growth appeared the most rapid in 2019 with an increase of 47% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then declined in the following year.

Imports by Country

The Netherlands (X tons), the United States (X tons) and Poland (X tons) were the main suppliers of poultry imports to Ghana, together comprising 72% of total imports.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +59.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Poland ($X) appeared to be the largest poultry suppliers to Ghana, together comprising 71% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +48.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average poultry import price amounted to $X per ton, leveling off at the previous year. Overall, the import price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2016 an increase of 14% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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