Ghana: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in Ghana

The Ghanian preserved swine belly market fell to $X in 2020, approximately mirroring the previous year. Overall, the total consumption indicated a pronounced expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Preserved swine belly consumption peaked at $X in 2017; however, from 2018 to 2020, consumption failed to regain the momentum.

Preserved Swine Belly Production in Ghana

In value terms, preserved swine belly production fell slightly to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a tangible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2009 when the production volume increased by X% year-to-year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2020, production remained at a lower figure.

Preserved Swine Belly Exports

Exports from Ghana

In 2020, the amount of bellies and cuts of swine (salted, in brine, dried or smoked) exported from Ghana was estimated at X kg, remaining constant against the previous year's figure. In general, exports showed significant growth. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. As a result, exports reached the peak of X kg. from 2013 to 2020, the growth exports remained at a lower figure.

In value terms, preserved swine belly exports totaled $X in 2020. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2013 to 2020, the growth exports remained at a lower figure.

Exports by Country

Nigeria (X kg) was the main destination for preserved swine belly exports from Ghana, with a approx. X% share of total exports.

From 2007 to 2012, the average annual rate of growth in terms of volume to Nigeria was relatively modest.

From 2007 to 2012, the average annual growth rate of value to Nigeria was relatively modest.

Export Prices by Country

In 2012, the average preserved swine belly export price amounted to $X per ton, dropping by -X% against the previous year. In general, the export price saw a noticeable shrinkage. The export price peaked at $X per ton in 2011, and then reduced modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for Nigeria.

From 2007 to 2012, the rate of growth in terms of prices for Nigeria amounted to X% per year.

Preserved Swine Belly Imports

Imports into Ghana

Preserved swine belly imports into Ghana surged to X tons in 2020, rising by X% against 2019 figures. In general, imports enjoyed a resilient increase. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, preserved swine belly imports skyrocketed to $X in 2020. Over the period under review, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), the Netherlands (X tons) and Denmark (X tons) were the main suppliers of preserved swine belly imports to Ghana, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in France (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Denmark ($X) constituted the largest preserved swine belly suppliers to Ghana, together comprising X% of total imports.

In terms of the main suppliers, France (+X% per year) 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 2020, the average preserved swine belly import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. The import price peaked at $X per ton in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Denmark ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :