Report Update Nov 1, 2024

Ghana - Frozen Crabs and Crabs Meat - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in Ghana

The Ghanian market for frozen crabs and crabs meat reduced sharply to $X in 2021, declining by -86.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a abrupt setback. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Exports of Frozen Crabs And Crabs Meat

Exports from Ghana

After six years of decline, overseas shipments of frozen crabs and crabs meat increased by 2.9% to X kg in 2021. In general, exports, however, continue to indicate a precipitous setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, frozen crab and crab meat exports fell to $X in 2021. Over the period under review, exports, however, faced a precipitous slump. The most prominent rate of growth was recorded in 2014 when exports increased by 51% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Portugal (X kg) was the main destination for frozen crab and crab meat exports from Ghana, accounting for a approx. 89% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Portugal stood at -46.2%.

In value terms, Portugal ($X) also remains the key foreign market for frozen crabs and crabs meat exports from Ghana.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal amounted to -46.0%.

Export Prices by Country

The average export price for frozen crabs and crabs meat stood at $X per ton in 2021, reducing by -11.3% against the previous year. Over the period under review, the export price, however, showed a modest increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 94%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Portugal amounted to +0.4% per year.

Imports of Frozen Crabs And Crabs Meat

Imports into Ghana

In 2021, the amount of frozen crabs and crabs meat imported into Ghana fell dramatically to X kg, shrinking by -73.5% on the year before. Overall, imports recorded a abrupt decline. The growth pace was the most rapid in 2017 when imports increased by 169%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, frozen crab and crab meat imports dropped rapidly to $X in 2021. Over the period under review, imports faced a precipitous decline. The pace of growth appeared the most rapid in 2019 with an increase of 92% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X kg) constituted the largest supplier of frozen crab and crab meat to Ghana, accounting for a 54% share of total imports. Moreover, frozen crab and crab meat imports from the Netherlands exceeded the figures recorded by the second-largest supplier, South Africa (X kg), fourfold. The third position in this ranking was held by the UK (X kg), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-17.8% per year) and the UK (-24.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of frozen crabs and crabs meat to Ghana, comprising 86% of total imports. The second position in the ranking was taken by the UK ($X), with a 5.1% share of total imports. It was followed by South Africa, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-45.7% per year) and South Africa (-32.0% per year).

Import Prices by Country

In 2021, the average import price for frozen crabs and crabs meat amounted to $X per ton, shrinking by -22.1% against the previous year. Overall, the import price recorded a deep reduction. The growth pace was the most rapid in 2018 when the average import price increased by 82% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($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 Netherlands (-14.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen crabs and crabs meat in the world?

The countries with the highest volumes of frozen crab and crab meat consumption in 2020 were the United States, Russia and Japan, with a combined 51% share of global consumption.

What are the largest producers of frozen crabs and crabs meat in the world?

Russia constituted the country with the largest volume of frozen crab and crab meat production, accounting for 30% of total volume. Moreover, frozen crab and crab meat production in Russia exceeded the figures recorded by the second-largest producer, Canada, twofold. Mexico ranked third in terms of total production with a 10% share.

What are the leading suppliers of frozen crabs and crabs meat to Ghana?

In value terms, the largest frozen crab and crab meat suppliers to Ghana were the Netherlands, Portugal and the UK $581), together accounting for 81% of total imports. South Africa, Luxembourg, Denmark, France and Germany lagged somewhat behind, together comprising a further 19%.

What are the leading importers of frozen crabs and crabs meat from Ghana?

In value terms, Portugal remains the key foreign market for frozen crab and crab meat exports from Ghana.

What is the average export price for frozen crabs and crabs meat in Ghana?

In 2020, the average export price for frozen crabs and crabs meat amounted to $19,373 per ton, with an increase of 11% against the previous year.

What is the average import price for frozen crabs and crabs meat in Ghana?

The average import price for frozen crabs and crabs meat stood at $5,744 per ton in 2020, jumping by 118% against the previous year.

This report provides an in-depth analysis of the market for frozen crab and crab meat 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:

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:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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