Ghana: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Ghana

In 2022, the Ghanian sheep and goat meat market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Sheep and goat meat consumption peaked at $X in 2021, and then reduced slightly in the following year.

Production of Sheep And Goat Meat in Ghana

In value terms, sheep and goat meat production totaled $X in 2022 estimated in export price. Overall, production, however, saw a resilient expansion. The growth pace was the most rapid in 2019 when the production volume increased by X%. Sheep and goat meat production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average yield of sheep and goat meat in Ghana stood at X kg per head, approximately equating the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the average sheep and goat meat yield attained the peak level in 2022 and is likely to see steady growth in the near future.

In 2022, number of animals slaughtered for sheep and goat meat production in Ghana shrank modestly to X heads, with a decrease of X% against the previous year's figure. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for sheep and goat meat production peaked at X heads in 2021, and then contracted modestly in the following year.

Exports of Sheep And Goat Meat

Exports from Ghana

In 2022, shipments abroad of sheep and goat meat increased by X% to X kg, rising for the second year in a row after four years of decline. In general, exports, however, continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sheep and goat meat exports surged to $X in 2022. Overall, exports, however, showed a sharp reduction. Over the period under review, the exports attained the maximum 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 sheep and goat meat exports from Ghana, accounting for a X% share of total exports. Moreover, sheep and goat meat exports to Namibia exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), tenfold.

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

In value terms, Namibia ($X) emerged as the key foreign market for sheep and goat meat exports from Ghana, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average sheep and goat meat export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2019 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Cote d'Ivoire amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%).

Imports of Sheep And Goat Meat

Imports into Ghana

In 2022, after two years of growth, there was significant decline in supplies from abroad of sheep and goat meat, when their volume decreased by X% to X tons. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sheep and goat meat imports fell to $X in 2022. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The UK (X tons), Australia (X tons) and Ireland (X tons) were the main suppliers of sheep and goat meat imports to Ghana, with a combined X% share of total imports. New Zealand, Spain, Belgium, the Netherlands 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 Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Australia ($X) and Ireland ($X) constituted the largest sheep and goat meat suppliers to Ghana, together comprising X% of total imports. The Netherlands, New Zealand, Spain, Belgium and Brazil lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sheep and goat meat import price amounted to $X per ton, shrinking by X% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sheep and goat meat import price decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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