Ghana: Canned Meat Market 2024

Canned Meat Market Size in Ghana

The Ghanian canned meat market fell to $X in 2021, with a decrease of -9.6% against the previous year. In general, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +18.6% against 2019 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Canned Meat Production in Ghana

In value terms, canned meat production declined to $X in 2021 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +15.2% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 37%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Canned Meat Exports

Exports from Ghana

In 2021, shipments abroad of canned meat increased by 23% to X tons, rising for the fifth year in a row after four years of decline. Over the period under review, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 54%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, canned meat exports soared to $X in 2021. In general, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by 48% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for canned meat exports from Ghana, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

In value terms, the Netherlands ($X) emerged as the key foreign market for canned meat exports from Ghana.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +380.9%.

Export Prices by Country

The average canned meat export price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the export price saw a mild slump. The pace of growth was the most pronounced in 2016 an increase of 61% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Burkina Faso amounted to +65.1% per year.

Canned Meat Imports

Imports into Ghana

In 2021, purchases abroad of canned meat increased by 83% to X tons, rising for the second year in a row after two years of decline. In general, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, canned meat imports soared to $X in 2021. Overall, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 32% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

France (X tons), Brazil (X tons) and Italy (X tons) were the main suppliers of canned meat imports to Ghana, together accounting for 52% of total imports. Poland, Australia and Spain lagged somewhat behind, together comprising a further 5.2%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +47.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of canned meat to Ghana, comprising 45% of total imports. The second position in the ranking was held by Italy ($X), with a 9.9% share of total imports. It was followed by France, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value from Brazil stood at +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.2% per year) and France (-8.2% per year).

Import Prices by Country

In 2021, the average canned meat import price amounted to $X per ton, waning by -29% against the previous year. In general, the import price showed a abrupt setback. The growth pace was the most rapid in 2017 when the average import price increased by 15%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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