Report Update Nov 1, 2024

Ghana - Anchovies (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in Ghana

The Ghanian preserved anchovies market expanded notably to $X in 2021, with an increase of 5.7% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Preserved Anchovies Production in Ghana

In value terms, preserved anchovies production totaled $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 35% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Preserved Anchovies Exports

Exports from Ghana

In 2021, exports of anchovies (prepared or preserved) from Ghana skyrocketed to X tons, increasing by 3,894% compared with the year before. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved anchovies exports skyrocketed to $X in 2021. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for preserved anchovies exports from Ghana, accounting for a approx. 100% share of total exports.

From 2018 to 2021, the average annual rate of growth in terms of volume to Canada stood at +3,894.1%.

In value terms, Canada ($X) also remains the key foreign market for anchovies (prepared or preserved) exports from Ghana.

From 2018 to 2021, the average annual rate of growth in terms of value to Canada totaled +3,350.4%.

Export Prices by Country

The average preserved anchovies export price stood at $X per ton in 2021, falling by -13.6% against the previous year. Over the period under review, the export price saw a precipitous decline. The most prominent rate of growth was recorded in 2019 an increase of 36% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, 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 Canada.

From 2018 to 2021, the rate of growth in terms of prices for Canada amounted to -13.6% per year.

Preserved Anchovies Imports

Imports into Ghana

Preserved anchovies imports into Ghana soared to X kg in 2021, growing by 200% compared with the year before. Overall, imports, however, saw a deep reduction. The pace of growth was the most pronounced in 2015 with an increase of 1,408% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, preserved anchovies imports surged to $X in 2021. Over the period under review, imports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2015 with an increase of 709% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

The UK (X kg), France (X kg) and Italy (X kg) were the main suppliers of preserved anchovies imports to Ghana, with a combined 73% share of total imports. South Africa, the Netherlands, the United States and South Korea lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of -3.5%), while purchases for the other leaders experienced a decline.

In value terms, the UK ($X) constituted the largest supplier of anchovies (prepared or preserved) to Ghana, comprising 64% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 20% share of total imports. It was followed by South Africa, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from the UK amounted to +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+8.1% per year) and South Africa (+26.6% per year).

Import Prices by Country

In 2021, the average preserved anchovies import price amounted to $X per ton, picking up by 47% against the previous year. Overall, the import price recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 86% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+32.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for anchovies (prepared or preserved) in the world?

The countries with the highest volumes of preserved anchovies consumption in 2021 were China, the United States and India, together accounting for 27% of global consumption. Japan, Pakistan, Germany, Brazil, Russia, Indonesia, Nigeria, Italy, the UK and Bangladesh lagged somewhat behind, together comprising a further 26%.

What are the largest producers of anchovies (prepared or preserved) in the world?

The countries with the highest volumes of preserved anchovies production in 2021 were China, the United States and India, together accounting for 27% of global production. These countries were followed by Japan, Pakistan, Brazil, Germany, Russia, Indonesia, Nigeria, Bangladesh, the UK and Mexico, which together accounted for a further 26%.

What are the leading suppliers of anchovies (prepared or preserved) to Ghana?

In value terms, the UK constituted the largest supplier of preserved anchovies to Ghana, comprising 56% of total imports. The second position in the ranking was occupied by South Korea $436), with a 13% share of total imports. It was followed by South Africa, with a 12% share.

What are the leading importers of anchovies (prepared or preserved) from Ghana?

In value terms, Canada $60) remains the key foreign market for preserved anchovies exports from Ghana.

What is the average export price for anchovies (prepared or preserved) in Ghana?

In 2021, the average preserved anchovies export price amounted to $3,529 per ton, approximately mirroring the previous year.

What is the average import price for anchovies (prepared or preserved) in Ghana?

The average preserved anchovies import price stood at $4,078 per ton in 2021, rising by 3.2% against the previous year.

This report provides an in-depth analysis of the preserved anchovies market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10202560 - Prepared or preserved anchovies, whole or in pieces (excluding minced products and prepared meals and dishes)

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023