Ghana: Meat Market 2024

Meat Market Size in Ghana

After five years of growth, the Ghanian meat market decreased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced modestly in the following year.

Meat Production in Ghana

In value terms, meat production declined to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Meat production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of meat in Ghana reached X kg per head in 2022, stabilizing at the previous year's figure. In general, the yield, however, saw a mild descent. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the yield reached the peak level of X kg per head. From 2016 to 2022, the growth of the average meat yield remained at a somewhat lower figure.

In 2022, number of animals slaughtered for meat production in Ghana fell slightly to X heads, with a decrease of X% on 2021 figures. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the number of producing animals increased by X%. Over the period under review, this number reached the maximum level at X heads in 2021, and then declined modestly in the following year.

Meat Exports

Exports from Ghana

In 2022, approx. X kg of meat were exported from Ghana; jumping by X% on 2021. Over the period under review, exports, however, faced a precipitous decrease. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, meat exports surged to $X in 2022. In general, exports, however, saw a significant decrease. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Namibia (X kg) was the main destination for meat exports from Ghana, accounting for a X% share of total exports. Moreover, meat exports to Namibia exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Namibia was relatively modest.

In value terms, Namibia ($X) emerged as the key foreign market for meat exports from Ghana, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Namibia was relatively modest.

Export Prices by Country

The average meat export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price, however, showed a abrupt contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Namibia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%).

Meat Imports

Imports into Ghana

In 2022, after three years of growth, there was significant decline in supplies from abroad of meat, when their volume decreased by X% to X tons. Over the period under review, imports, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, meat imports dropped significantly to $X in 2022. In general, imports, however, recorded a pronounced increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then shrank sharply in the following year.

Imports by Country

In 2022, Ireland (X tons) constituted the largest meat supplier to Ghana, with a X% share of total imports. Moreover, meat imports from Ireland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The UK (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ireland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and the UK (X% per year).

In value terms, Ireland ($X), the Netherlands ($X) and the UK ($X) constituted the largest meat suppliers to Ghana, with a combined X% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, saw the highest growth rate of 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

The average meat import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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