Ghana: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in Ghana

The Ghanian frozen crustaceans market expanded rapidly to $X in 2022, with an increase of X% against the previous year. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Frozen Crustaceans Production in Ghana

In value terms, frozen crustaceans production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Frozen Crustaceans Exports

Exports from Ghana

In 2022, approx. X tons of frozen crustaceans were exported from Ghana; growing by X% against the year before. In general, exports, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, frozen crustaceans exports skyrocketed to $X in 2022. Over the period under review, exports recorded a moderate expansion. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for frozen crustaceans exports from Ghana, accounting for a X% share of total exports. Moreover, frozen crustaceans exports to China exceeded the volume sent to the second major destination, Canada (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%.

In value terms, China ($X) emerged as the key foreign market for frozen crustaceans exports from Ghana, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China totaled X%.

Export Prices by Country

The average frozen crustaceans export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then dropped markedly in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Crustaceans Imports

Imports into Ghana

In 2022, approx. X tons of frozen crustaceans were imported into Ghana; growing by X% compared with the year before. In general, imports recorded a resilient increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, frozen crustaceans imports skyrocketed to $X in 2022. Overall, imports posted a buoyant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of frozen crustaceans to Ghana, with a X% share of total imports. Moreover, frozen crustaceans imports from India exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and the Netherlands (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and South Africa (X% per year).

Import Prices by Country

The average frozen crustaceans import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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