Report Update Jan 1, 2025

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

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Ghana: Frozen Fish Meat Market 2025

Frozen Fish Meat Market Size in Ghana

The Ghanian frozen fish meat market surged to $X in 2021, jumping by 41% against the previous year. In general, consumption recorded a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Frozen Fish Meat Production in Ghana

In value terms, frozen fish meat production shrank to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 23%. Over the period under review, production attained the maximum level at $X in 2020, and then reduced in the following year.

Frozen Fish Meat Exports

Exports from Ghana

In 2021, overseas shipments of frozen fish meat decreased by -76.9% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 355%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, frozen fish meat exports fell notably to $X in 2021. In general, exports showed a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 593% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for frozen fish meat exports from Ghana, accounting for a approx. 50% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled +20.9%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to Italy amounted to +59.9%.

Export Prices by Country

In 2021, the average frozen fish meat export price amounted to $X per ton, surging by 15% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 109%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to +32.2% per year.

Frozen Fish Meat Imports

Imports into Ghana

In 2021, imports of frozen fish meat into Ghana soared to X tons, increasing by 646% against the previous year. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen fish meat imports skyrocketed to $X in 2021. Over the period under review, imports saw a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 165%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Ecuador (X tons) was the main frozen fish meat supplier to Ghana, with a 97% share of total imports. It was followed by South Africa (X tons), with a 1.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ecuador totaled +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+8.6% per year) and the Netherlands (-22.3% per year).

In value terms, Ecuador ($X) constituted the largest supplier of frozen fish meat to Ghana, comprising 82% of total imports. The second position in the ranking was taken by South Africa ($X), with a 6.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Ecuador amounted to +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+12.0% per year) and the Netherlands (-15.5% per year).

Import Prices by Country

The average frozen fish meat import price stood at $X per ton in 2021, falling by -83.5% against the previous year. Overall, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 538% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Ecuador ($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 (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen fish meat in the world?

The countries with the highest volumes of frozen fish meat consumption in 2020 were Japan, South Korea and China, together comprising 36% of global consumption. These countries were followed by Russia, the United States, Thailand, Faroe Islands, Poland, Argentina, France, Vietnam, Germany and Taiwan Chinese), which together accounted for a further 35%.

What are the largest producers of frozen fish meat in the world?

The countries with the highest volumes of frozen fish meat production in 2020 were the United States, Vietnam and Norway, with a combined 48% share of global production. These countries were followed by India, China, Faroe Islands, Argentina, Russia, Bahrain, Indonesia, Japan, Thailand and the Netherlands, which together accounted for a further 39%.

What are the leading suppliers of frozen fish meat to Ghana?

In value terms, China constituted the largest supplier of frozen fish meat to Ghana, comprising 86% of total imports. The second position in the ranking was occupied by Vietnam, with a 9.6% share of total imports. It was followed by Belgium, with a 1.6% share.

What are the leading importers of frozen fish meat from Ghana?

In value terms, the largest markets for frozen fish meat exported from Ghana were Portugal, Spain and Romania, together accounting for 99% of total exports.

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

The average frozen fish meat export price stood at $4,491 per ton in 2020, surging by 71% against the previous year.

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

In 2020, the average frozen fish meat import price amounted to $1,034 per ton, which is down by -11% against the previous year.

This report provides an in-depth analysis of the frozen fish meat market 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:

Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024