Ghana: Frozen Skipjack Tuna Market 2022

Frozen Skipjack Tuna Market Size in Ghana

The Ghanian frozen skipjack tuna market amounted to $X in 2019, approximately equating the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Frozen skipjack tuna consumption peaked at $X in 2017; afterwards, it flattened through to 2019.

Frozen Skipjack Tuna Production in Ghana

In value terms, frozen skipjack tuna production plummeted to $X in 2020 estimated in export prices. Over the period under review, production recorded a dramatic decrease. The growth pace was the most rapid in 2008 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. from 2009 to 2020, production growth remained at a somewhat lower figure.

Frozen Skipjack Tuna Exports

Exports from Ghana

In 2020, approx. X tons of frozen skipjack tuna were exported from Ghana; shrinking by -X% against 2019. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at X tons in 2008; however, from 2009 to 2020, exports remained at a lower figure.

In value terms, frozen skipjack tuna exports reached $X in 2020. Over the period under review, exports continue to indicate a deep slump. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for frozen skipjack tuna exports from Ghana, accounting for a X% share of total exports. Moreover, frozen skipjack tuna exports to the United Arab Emirates exceeded the volume sent to the second major destination, Colombia (X tons), sevenfold. The third position in this ranking was occupied by Turkey (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-X% per year) and Turkey (-X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for frozen skipjack tuna exports from Ghana, comprising X% of total exports. The second position in the ranking was occupied by Colombia ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the United Arab Emirates totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-X% per year) and Turkey (-X% per year).

Export Prices by Country

The average frozen skipjack tuna export price stood at $X per ton in 2020, rising by X% against the previous year. In general, export price indicated tangible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2012 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per ton. from 2013 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2020, the highest prices were recorded for prices to the United Arab Emirates ($X per ton) and Turkey ($X per ton), while the average price for exports to Colombia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced a decline.

Frozen Skipjack Tuna Imports

Imports into Ghana

In 2020, after two years of decline, there was significant growth in supplies from abroad of frozen skipjack tuna, when their volume increased by X% to X tons. In general, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 when imports increased by X% y-o-y. Imports peaked at X tons in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

In value terms, frozen skipjack tuna imports soared to $X in 2020. Overall, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, France (X tons) constituted the largest frozen skipjack tuna supplier to Ghana, with a X% share of total imports. Moreover, frozen skipjack tuna imports from France exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold.

From 2007 to 2020, the average annual growth rate of volume from France totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-X% per year) and India (+X% per year).

In value terms, France ($X) constituted the largest supplier of frozen skipjack tuna to Ghana, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from France amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-X% per year) and India (+X% per year).

Import Prices by Country

In 2020, the average frozen skipjack tuna import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price recorded a slight expansion. The growth pace was the most rapid in 2011 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was India ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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