Ghana: Preserved Herring Market 2025

Preserved Herring Market Size in Ghana

The Ghanian preserved herring market rose markedly to $X in 2021, picking up by 12% against the previous year. In general, consumption recorded a buoyant increase. Preserved herring consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Preserved Herring Production in Ghana

In value terms, preserved herring production expanded rapidly to $X in 2021 estimated in export price. In general, production showed a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 63%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Preserved Herring Exports

Exports from Ghana

In 2021, exports of herrings (prepared or preserved) from Ghana declined to X tons, falling by -7.9% compared with the year before. Over the period under review, total exports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 87% against the previous year. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, preserved herring exports soared to $X in 2021. Overall, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 57% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for preserved herring exports from Ghana, accounting for a 72% share of total exports. Moreover, preserved herring exports to Canada exceeded the volume sent to the second major destination, the United States (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to Canada amounted to +78.9%.

In value terms, the United States ($X) and Canada ($X) constituted the largest markets for preserved herring exported from Ghana worldwide.

Among the main countries of destination, Canada, with a CAGR of +59.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average preserved herring export price stood at $X per ton in 2021, growing by 62% against the previous year. Overall, the export price showed a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.1%).

Preserved Herring Imports

Imports into Ghana

In 2021, preserved herring imports into Ghana soared to X tons, rising by 66% on the previous year's figure. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 245% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preserved herring imports soared to $X in 2021. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 256% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X kg) constituted the largest preserved herring supplier to Ghana, accounting for a 79% share of total imports. Moreover, preserved herring imports from China exceeded the figures recorded by the second-largest supplier, the UK (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +62.8%.

In value terms, China ($X) and the UK ($X) constituted the largest preserved herring suppliers to Ghana.

Among the main suppliers, China, with a CAGR of +63.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average preserved herring import price stood at $X per ton in 2021, surging by 16% against the previous year. Over the last nine years, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2013 an increase of 35%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :