Ghana: Market for Frozen, Dried And Smoked Fish 2025

Market Size for Frozen, Dried And Smoked Fish in Ghana

The Ghanian market for frozen, dried and smoked fish reduced modestly to $X in 2022, dropping by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Frozen, dried and smoked fish consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Frozen, Dried And Smoked Fish in Ghana

In value terms, frozen, dried and smoked fish production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Frozen, dried and smoked fish production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Frozen, Dried And Smoked Fish

Exports from Ghana

In 2022, shipments abroad of frozen, dried and smoked fish was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, frozen, dried and smoked fish exports reached $X in 2022. Over the period under review, exports enjoyed a tangible expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X tons), the United Arab Emirates (X tons) and Spain (X tons) were the main destinations of frozen, dried and smoked fish exports from Ghana, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen, dried and smoked fish exported from Ghana were the United Arab Emirates ($X), Spain ($X) and Cote d'Ivoire ($X), together comprising X% of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for frozen, dried and smoked fish stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Imports of Frozen, Dried And Smoked Fish

Imports into Ghana

In 2022, after four years of decline, there was growth in supplies from abroad of frozen, dried and smoked fish, when their volume increased by X% to X tons. Over the period under review, imports continue to indicate measured growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen, dried and smoked fish imports reached $X in 2022. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Mauritania (X tons), Chile (X tons) and South Korea (X tons) were the main suppliers of frozen, dried and smoked fish imports to Ghana, with a combined X% share of total imports. The Netherlands, China, Morocco, Norway, Senegal, Peru, Spain, Ecuador, Ireland and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen, dried and smoked fish suppliers to Ghana were Mauritania ($X), Chile ($X) and China ($X), together accounting for X% of total imports. South Korea, Morocco, the Netherlands, Senegal, Norway, Peru, Ireland, Spain, the United States and Ecuador lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Ecuador, with a CAGR of X%, 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 2022, the average import price for frozen, dried and smoked fish amounted to $X per ton, declining by X% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price 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, frozen, dried and smoked fish import price increased by X% against 2019 indices. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then contracted in the following year.

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

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

Source: IndexBox Platform

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