Ghana: Tallow Market 2025

Tallow Market Size in Ghana

The Ghanian tallow market reduced to $X in 2022, with a decrease of -6.8% against the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.7% against 2020 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Tallow Production in Ghana

In value terms, tallow production contracted slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +0.0% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 56% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Tallow Exports

Exports from Ghana

Tallow exports from Ghana surged to X kg in 2022, with an increase of 183% against the year before. In general, exports, however, showed a deep slump. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, tallow exports skyrocketed to $X in 2022. Overall, exports, however, saw a abrupt shrinkage. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Niger (X kg) was the main destination for tallow exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Niger totaled +18.2%.

In value terms, Niger ($X) also remains the key foreign market for tallow exports from Ghana.

From 2012 to 2022, the average annual rate of growth in terms of value to Niger stood at +9.3%.

Export Prices by Country

The average tallow export price stood at $X per ton in 2022, reducing by -12.8% against the previous year. Overall, the export price, however, continues to indicate temperate growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Niger.

From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to -7.6% per year.

Tallow Imports

Imports into Ghana

In 2022, after two years of growth, there was significant decline in overseas purchases of tallow, when their volume decreased by -24.6% to X kg. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 3,540%. As a result, imports attained the peak of X kg. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, tallow imports contracted significantly to $X in 2022. Over the period under review, imports recorded a perceptible descent. The pace of growth appeared the most rapid in 2016 with an increase of 3,505%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Poland (X kg) constituted the largest tallow supplier to Ghana, with a 49% share of total imports. Moreover, tallow imports from Poland exceeded the figures recorded by the second-largest supplier, India (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled -26.1%.

In value terms, Poland ($X) constituted the largest supplier of tallow to Ghana, comprising 49% of total imports. The second position in the ranking was held by India ($X), with a 3.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland amounted to -32.2%.

Import Prices by Country

In 2022, the average tallow import price amounted to $X per ton, falling by -7.4% against the previous year. Overall, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2013 an increase of 46%. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 India ($X per ton), while the price for Poland amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+181.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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