Ghana: Artificial Guts Market 2024

Artificial Guts Market Size in Ghana

In 2022, after four years of growth, there was significant decline in the Ghanian artificial guts market, when its value decreased by -17.3% to $X. Overall, consumption, however, saw significant growth. Over the period under review, the market hit record highs at $X in 2021, and then shrank notably in the following year.

Artificial Guts Exports

Exports from Ghana

In 2022, approx. X kg of artificial guts (sausage skins) were exported from Ghana; which is down by -25% on 2021. Over the period under review, exports saw a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of 114% against the previous year. The exports peaked at X kg in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, artificial guts exports shrank rapidly to $X in 2022. In general, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 247% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X kg) was the main destination for artificial guts exports from Ghana, with a 50% share of total exports. Moreover, artificial guts exports to Burkina Faso exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), threefold. Niger (X kg) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burkina Faso totaled -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (0.0% per year) and Niger (0.0% per year).

In value terms, Niger ($X) remains the key foreign market for artificial guts (sausage skins) exports from Ghana, comprising 46% of total exports. The second position in the ranking was taken by Mali ($X), with a 22% share of total exports. It was followed by Burkina Faso, with a 22% share.

From 2012 to 2022, the average annual growth rate of value to Niger stood at +50.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (+7.9% per year) and Burkina Faso (-7.3% per year).

Export Prices by Country

In 2022, the average artificial guts export price amounted to $X per ton, dropping by -2.5% against the previous year. Overall, the export price, however, enjoyed resilient growth. The growth pace was the most rapid in 2018 an increase of 100%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then dropped slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($X per ton), while the average price for exports to Burkina Faso ($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 Niger (+50.8%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Guts Imports

Imports into Ghana

After four years of growth, overseas purchases of artificial guts (sausage skins) decreased by -20.2% to X tons in 2022. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 310%. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted notably in the following year.

In value terms, artificial guts imports contracted to $X in 2022. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2018 with an increase of 315%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Nigeria (X tons) constituted the largest supplier of artificial guts to Ghana, with a 72% share of total imports. Moreover, artificial guts imports from Nigeria exceeded the figures recorded by the second-largest supplier, France (X tons), tenfold. The third position in this ranking was held by the Netherlands (X kg), with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Nigeria amounted to +88.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+89.6% per year) and the Netherlands (+21.8% per year).

In value terms, Nigeria ($X) constituted the largest supplier of artificial guts (sausage skins) to Ghana, comprising 54% of total imports. The second position in the ranking was held by Italy ($X), with a 24% share of total imports. It was followed by the Netherlands, with a 4% share.

From 2012 to 2022, the average annual growth rate of value from Nigeria stood at +99.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+36.5% per year) and the Netherlands (+32.6% per year).

Import Prices by Country

The average artificial guts import price stood at $X per ton in 2022, picking up by 7.5% against the previous year. Over the period under review, the import price continues to indicate a moderate expansion. The growth pace was the most rapid in 2016 an increase of 133%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

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 China ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+58.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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