Ghana: Snail Market 2024

Snail Market Size in Ghana

The Ghanian snail market contracted markedly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption showed a deep downturn. Snail consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Snail Production in Ghana

In value terms, snail production expanded notably to $X in 2022 estimated in export price. Overall, the total production indicated tangible growth 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Snail Exports

Exports from Ghana

In 2022, snail exports from Ghana shrank to X tons, falling by X% compared with 2021. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, snail exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for snail exports from Ghana, accounting for a X% share of total exports. Moreover, snail exports to the UK exceeded the volume sent to the second major destination, the United States (X kg), threefold. Germany (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Germany (X% per year).

In value terms, the UK ($X) remains the key foreign market for snails (except sea snails) exports from Ghana, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Canada (X% per year).

Export Prices by Country

In 2022, the average snail export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Snail Imports

Imports into Ghana

In 2022, supplies from abroad of snails (except sea snails) decreased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, snail imports shrank sharply to $X in 2022. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Cote d'Ivoire (X tons) was the main snail supplier to Ghana, accounting for a X% share of total imports. It was followed by South Africa (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Cote d'Ivoire amounted to X%.

In value terms, Cote d'Ivoire ($X) constituted the largest supplier of snails (except sea snails) to Ghana, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with less than X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Cote d'Ivoire totaled X%.

Import Prices by Country

In 2022, the average snail import price amounted to $X per ton, approximately mirroring the previous year. Overall, the import price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while the price for South Africa totaled $X per ton.

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

Source: IndexBox Platform

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