Ghana: Market for Sheep And Goat Meat 2022

Market Size for Sheep And Goat Meat in Ghana

The Ghanian sheep and goat meat market rose to $X in 2021, growing by X% against the previous year. Overall, consumption, however, recorded strong growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Sheep And Goat Meat in Ghana

In value terms, sheep and goat meat production rose rapidly to $X in 2021 estimated in export price. In general, production, however, saw strong growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

In 2021, the average yield of sheep and goat meat in Ghana fell to X kg per head, with a decrease of -X% against the year before. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The sheep and goat meat yield peaked at X kg per head in 2015; however, from 2016 to 2021, the yield remained at a lower figure.

In 2021, number of animals slaughtered for sheep and goat meat production in Ghana expanded significantly to X heads, growing by X% on the previous year. This number increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the number of producing animals increased by X%. Over the period under review, this number reached the peak level in 2021 and is likely to see gradual growth in the immediate term.

Exports of Sheep And Goat Meat

Exports from Ghana

In 2021, shipments abroad of sheep and goat meat was finally on the rise to reach X kg for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X kg. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, sheep and goat meat exports skyrocketed to $X in 2021. In general, exports saw significant growth. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X kg) was the main destination for sheep and goat meat exports from Ghana, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cote d'Ivoire amounted to +X%.

In value terms, Cote d'Ivoire ($X) also remains the key foreign market for sheep and goat meat exports from Ghana.

From 2012 to 2021, the average annual rate of growth in terms of value to Cote d'Ivoire amounted to +X%.

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2021, jumping by X% against the previous year. Over the period under review, the export price saw resilient growth. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2021, the rate of growth in terms of prices for Cote d'Ivoire amounted to +X% per year.

Imports of Sheep And Goat Meat

Imports into Ghana

In 2021, supplies from abroad of sheep and goat meat increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, sheep and goat meat imports soared to $X in 2021. Overall, imports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the UK (X tons) was the main supplier of sheep and goat meat to Ghana, with a X% share of total imports. It was followed by Kenya (X kg), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK stood at -X%.

In value terms, the UK ($X) constituted the largest supplier of sheep and goat meat to Ghana, comprising X% of total imports. The second position in the ranking was taken by Kenya ($X), with an X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK was relatively modest.

Import Prices by Country

In 2021, the average sheep and goat meat import price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price saw a buoyant increase. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Kenya ($X per ton), while the price for the UK stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kenya (+X%).

Source: IndexBox Platform