Ghana: Chicken Egg Market 2024

Chicken Egg Market Size in Ghana

The Ghanian chicken egg market expanded to $X in 2022, surging by 4.1% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Chicken Egg Production in Ghana

In value terms, chicken egg production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable increase. The pace of growth was the most pronounced in 2020 with an increase of 65%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Chicken Egg Exports

Exports from Ghana

In 2020, after two years of decline, there was decline in shipments abroad of chicken eggs, when their volume decreased by 0% to X tons. Over the period under review, exports continue to indicate a dramatic decline. The pace of growth was the most pronounced in 2017 when exports increased by 60% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2020, the exports remained at a lower figure.

In value terms, chicken egg exports totaled $X in 2020. Overall, exports saw a precipitous contraction. The growth pace was the most rapid in 2017 with an increase of 42%. The exports peaked at $X in 2013; however, from 2014 to 2020, the exports remained at a lower figure.

Exports by Country

Togo (X kg), Switzerland (X kg) and the United Arab Emirates (X kg) were the main destinations of chicken egg exports from Ghana.

From 2013 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for chicken egg exported from Ghana were Togo ($X), Switzerland ($X) and the United Arab Emirates ($X).

The United Arab Emirates, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average chicken egg export price stood at $X per ton in 2020, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price decreased by -10.8%. The export price peaked at $X per ton in 2015; however, from 2016 to 2020, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2013 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+36.1%), while the prices for the other major destinations experienced more modest paces of growth.

Chicken Egg Imports

Imports into Ghana

In 2022, overseas purchases of chicken eggs decreased by -36.7% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 when imports increased by 450% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, chicken egg imports declined notably to $X in 2022. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 445% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of chicken egg to Ghana, accounting for a 47% share of total imports. Moreover, chicken egg imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at -13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+18.1% per year) and South Africa (-44.9% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of chicken eggs to Ghana, comprising 41% of total imports. The second position in the ranking was held by Belgium ($X), with a 5.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at -13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+15.4% per year) and South Africa (-40.0% per year).

Import Prices by Country

The average chicken egg import price stood at $X per ton in 2022, picking up by 2.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2019 an increase of 45%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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