Ghana: Market for Preparations Used In Animal Feeding 2025

Market Size for Preparations Used In Animal Feeding in Ghana

The Ghanian preparations for animal feeding market rose remarkably to $X in 2022, with an increase of 8.3% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Preparations Used In Animal Feeding in Ghana

In value terms, preparations for animal feeding production expanded notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.7% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 45%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Preparations Used In Animal Feeding

Exports from Ghana

In 2022, approx. X tons of preparations used in animal feeding were exported from Ghana; declining by -64.2% on 2021. In general, exports recorded a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of 280% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, preparations for animal feeding exports fell rapidly to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 461%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for preparations for animal feeding exports from Ghana, accounting for a 55% share of total exports. Moreover, preparations for animal feeding exports to Japan exceeded the volume sent to the second major destination, Togo (X tons), fourfold. Nigeria (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Japan stood at +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+3.0% per year) and Nigeria (-5.1% per year).

In value terms, Japan ($X) remains the key foreign market for preparations used in animal feeding exports from Ghana, comprising 76% of total exports. The second position in the ranking was held by Nigeria ($X), with a 6.2% share of total exports. It was followed by Benin, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan amounted to +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-14.6% per year) and Benin (+6.8% per year).

Export Prices by Country

The average preparations for animal feeding export price stood at $X per ton in 2022, declining by -24.1% against the previous year. Overall, the export price, however, saw a modest expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 87%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into Ghana

After four years of growth, overseas purchases of preparations used in animal feeding decreased by -23.4% to X tons in 2022. Overall, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 62% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then reduced dramatically in the following year.

In value terms, preparations for animal feeding imports reduced to $X in 2022. In general, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 39%. Over the period under review, imports reached the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of preparations for animal feeding to Ghana, accounting for a 60% share of total imports. Moreover, preparations for animal feeding imports from Argentina exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina stood at +52.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+10.0% per year) and Belgium (-8.6% per year).

In value terms, Argentina ($X), the Netherlands ($X) and Italy ($X) constituted the largest preparations for animal feeding suppliers to Ghana, with a combined 61% share of total imports.

Argentina, with a CAGR of +45.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average preparations for animal feeding import price amounted to $X per ton, picking up by 13% against the previous year. Overall, the import price, however, showed a slight setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 17% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Israel ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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