Ghana: Sheepskin And Lambskin Market 2024

Sheepskin And Lambskin Market Size in Ghana

The Ghanian sheepskin and lambskin market reduced to $X in 2022, which is down by -7.3% against the previous year. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -11.5% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Sheepskin And Lambskin Production in Ghana

In value terms, sheepskin and lambskin production contracted notably to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 97% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of sheep or lamb skins (without wool) in Ghana stood at X kg per head, stabilizing at the year before. The yield figure increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 8%. The sheepskin and lambskin yield peaked in 2022 and is expected to retain growth in years to come.

The number of animals slaughtered for sheepskin and lambskin production in Ghana contracted to X heads in 2022, declining by -2% compared with the previous year's figure. This number increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the number of producing animals increased by 4.2% against the previous year. As a result, the number of producing animals reached the peak level of X heads, and then contracted slightly in the following year.

Sheepskin And Lambskin Exports

Exports from Ghana

Sheepskin and lambskin exports from Ghana fell dramatically to X kg in 2022, waning by -17.9% on 2021. In general, exports showed a deep setback. The growth pace was the most rapid in 2019 when exports increased by 752% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, sheepskin and lambskin exports contracted remarkably to $X in 2022. Overall, exports showed a abrupt setback. The pace of growth was the most pronounced in 2019 when exports increased by 785%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for sheepskin and lambskin exports from Ghana, accounting for a 70% share of total exports. Moreover, sheepskin and lambskin exports to the United States exceeded the volume sent to the second major destination, France (X kg), eightfold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -18.0%.

In value terms, the United States ($X) remains the key foreign market for sheep or lamb skins (without wool) exports from Ghana, comprising 63% of total exports. The second position in the ranking was held by France ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -20.3%.

Export Prices by Country

In 2022, the average sheepskin and lambskin export price amounted to $X per ton, declining by -17.1% against the previous year. Overall, the export price continues to indicate a mild downturn. The growth pace was the most rapid in 2021 when the average export price increased by 89%. As a result, the export price reached the peak level of $X per ton, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the United States 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 (+31.1%).

Sheepskin And Lambskin Imports

Imports into Ghana

Sheepskin and lambskin imports into Ghana expanded markedly to X tons in 2022, increasing by 8% against the previous year. Overall, imports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2016 when imports increased by 2,765%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sheepskin and lambskin imports contracted to $X in 2022. In general, imports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of 4,595% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ireland (X tons) was the main sheepskin and lambskin supplier to Ghana, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Ireland amounted to -11.8%.

In value terms, Ireland ($X) constituted the largest supplier of sheep or lamb skins (without wool) to Ghana.

From 2012 to 2022, the average annual growth rate of value from Ireland amounted to -6.9%.

Import Prices by Country

In 2022, the average sheepskin and lambskin import price amounted to $X per ton, reducing by -7.6% against the previous year. Overall, the import price, however, posted a resilient increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 64% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Ireland.

From 2012 to 2022, the rate of growth in terms of prices for Ireland amounted to +5.5% per year.

Source: IndexBox Platform

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