Report Update Nov 1, 2024

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

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Ghana: Frozen Freshwater Fish Market 2024

Frozen Freshwater Fish Market Size in Ghana

In 2021, the Ghanian frozen freshwater fish market increased by 39% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption saw a slight increase. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Frozen Freshwater Fish Exports

Exports from Ghana

In 2021, after two years of decline, there was significant growth in shipments abroad of frozen freshwater fish, when their volume increased by 10% to X tons. Over the period under review, exports, however, faced a sharp contraction. The growth pace was the most rapid in 2018 when exports increased by 276%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, frozen freshwater fish exports expanded significantly to $X in 2021. In general, exports, however, showed a precipitous setback. The pace of growth was the most pronounced in 2018 with an increase of 259%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for frozen freshwater fish exports from Ghana, with a 87% share of total exports. Moreover, frozen freshwater fish exports to China exceeded the volume sent to the second major destination, the United States (X kg), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled -13.0%.

In value terms, China ($X) emerged as the key foreign market for frozen freshwater fish exports from Ghana, comprising 74% of total exports. The second position in the ranking was held by the United States ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China stood at -11.9%.

Export Prices by Country

In 2021, the average frozen freshwater fish export price amounted to $X per ton, falling by -1.8% against the previous year. In general, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by 19%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Freshwater Fish Imports

Imports into Ghana

In 2021, after two years of decline, there was significant growth in purchases abroad of frozen freshwater fish, when their volume increased by 23% to X tons. Overall, imports posted temperate growth. The most prominent rate of growth was recorded in 2013 with an increase of 168%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, frozen freshwater fish imports skyrocketed to $X in 2021. In general, imports enjoyed a measured expansion. The growth pace was the most rapid in 2013 with an increase of 132% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Argentina (X tons), Morocco (X tons) and Ecuador (X tons) were the main suppliers of frozen freshwater fish imports to Ghana, together accounting for 66% of total imports. Senegal, Oman, Japan, China and Mauritania lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +62.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Argentina ($X) and Ecuador ($X) constituted the largest frozen freshwater fish suppliers to Ghana, with a combined 69% share of total imports. These countries were followed by Senegal, Oman, Japan, China and Mauritania, which together accounted for a further 19%.

In terms of the main suppliers, Japan, with a CAGR of +63.3%, recorded the highest rates of growth with regard to 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 2021, the average frozen freshwater fish import price amounted to $X per ton, picking up by 17% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 38% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Namibia (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest frozen freshwater fish consuming country worldwide, accounting for 19% of total volume. Moreover, frozen freshwater fish consumption in China exceeded the figures recorded by the second-largest consumer, Russia, twofold. South Korea ranked third in terms of total consumption with a 5.3% share.

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

The countries with the highest volumes of frozen freshwater fish production in 2020 were China, Russia and India, together comprising 31% of global production. Indonesia, the United States, Myanmar, Brazil, Senegal, Argentina, Pakistan, Mexico, Vietnam and Turkey lagged somewhat behind, together comprising a further 33%.

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

In value terms, the largest frozen freshwater fish suppliers to Ghana were Argentina, Morocco and Senegal, together comprising 72% of total imports. The Netherlands, South Korea, Japan and Uruguay lagged somewhat behind, together comprising a further 20%.

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

In 2020, the average frozen freshwater fish export price amounted to $1,664 per ton, picking up by 31% against the previous year.

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

In 2020, the average frozen freshwater fish import price amounted to $1,157 per ton, which is down by -22.9% against the previous year.

This report provides an in-depth analysis of the frozen freshwater fish 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 10201360 - Frozen whole fresh water fish

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