Ghana: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2025

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Ghana

The Ghanian meat and fish extracts market was finally on the rise to reach $X in 2021, after five years of decline. In general, consumption, however, recorded a noticeable reduction. Meat and fish extracts consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Ghana

In value terms, meat and fish extracts production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 when the production volume increased by 68% against the previous year. Meat and fish extracts production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports from Ghana

In 2021, overseas shipments of extracts and juices of meat, fish, crustaceans and molluscs decreased by -11.4% to X kg, falling for the second consecutive year after six years of growth. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 21% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, meat and fish extracts exports dropped remarkably to $X in 2021. Overall, exports recorded a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of 5.5%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X kg) was the main destination for meat and fish extracts exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at +14.1%.

In value terms, Canada ($X) also remains the key foreign market for extracts and juices of meat, fish, crustaceans and molluscs exports from Ghana.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at +11.1%.

Export Prices by Country

The average meat and fish extracts export price stood at $X per ton in 2021, declining by -8.9% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, meat and fish extracts export price decreased by -36.0% against 2013 indices. The pace of growth was the most pronounced in 2013 an increase of 118%. As a result, the export price reached the peak level of $X per ton. From 2014 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 Canada.

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to -2.6% per year.

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports into Ghana

In 2021, approx. X tons of extracts and juices of meat, fish, crustaceans and molluscs were imported into Ghana; jumping by 32% on the year before. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 1,025%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, meat and fish extracts imports soared to $X in 2021. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 1,593% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of meat and fish extracts to Ghana, accounting for a 89% share of total imports. Moreover, meat and fish extracts imports from the UK exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold. Germany (X kg) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK amounted to +51.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+45.8% per year) and Germany (+0.1% per year).

In value terms, the UK ($X) constituted the largest supplier of extracts and juices of meat, fish, crustaceans and molluscs to Ghana, comprising 96% of total imports. The second position in the ranking was held by the United States ($X), with a 0.4% share of total imports. It was followed by China, with a 0.3% share.

From 2012 to 2021, the average annual growth rate of value from the UK stood at +51.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+31.8% per year) and China (+47.5% per year).

Import Prices by Country

In 2021, the average meat and fish extracts import price amounted to $X per ton, jumping by 44% against the previous year. Over the period under review, the import price posted a tangible increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 64% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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