Ghana - Frozen Cuttlefishes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Cuttlefishes Price in Ghana - 2022
Contents:
- Frozen Cuttlefishes Price in Ghana (FOB) - 2022
- Frozen Cuttlefishes Price in Ghana (CIF) - 2022
- Frozen Cuttlefishes Exports in Ghana
- Frozen Cuttlefishes Imports in Ghana
Frozen Cuttlefishes Price in Ghana (FOB) - 2022
In 2022, the average frozen cuttlefishes export price amounted to $10,447 per ton, with a decrease of -2.8% against the previous year. Overall, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 35% against the previous year. The export price peaked at $10,749 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($46,200 per ton), while the average price for exports to China ($6,949 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 Spain (+36.4%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Cuttlefishes Price in Ghana (CIF) - 2022
The average frozen cuttlefishes import price stood at $6,177 per ton in 2022, waning by -7.3% against the previous year. Over the period under review, the import price, however, posted a buoyant increase. The growth pace was the most rapid in 2018 an increase of 119%. Over the period under review, average import prices reached the peak figure at $7,752 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 China ($18,016 per ton), while the price for Senegal ($1,776 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Cuttlefishes Exports in Ghana
In 2022, overseas shipments of frozen cuttlefishes increased by 2.6% to 4.6 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a noticeable contraction.
In value terms, frozen cuttlefishes exports dropped modestly to $48K in 2022. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 0.6%. As a result, the exports attained the peak of $48K, leveling off in the following year.
| Export of Frozen Cuttlefishes in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 22.8 | 24.3 | 25.8 | 27.0 | 5.8% |
| Portugal | 14.9 | 14.0 | 13.1 | 12.0 | -7.0% |
| Italy | 6.9 | 6.8 | 6.7 | 6.6 | -1.5% |
| Others | 3.3 | 3.0 | 2.9 | 2.7 | -6.5% |
| Total | 47.9 | 48.2 | 48.5 | 48.3 | 0.3% |
Top Export Markets for Frozen Cuttlefishes from Ghana in 2022:
- China (3.9 tons)
- Italy (0.4 tons)
- Portugal (0.3 tons)
Frozen Cuttlefishes Imports in Ghana
For the fourth consecutive year, Ghana recorded growth in supplies from abroad of frozen cuttlefishes, which increased by 3.3% to 2.5 tons in 2022. In general, imports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 195% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, frozen cuttlefishes imports reduced to $15K in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 479% against the previous year.
| Import of Frozen Cuttlefishes in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.1 | 5.1 | 10.0 | 10.2 | 110.1% |
| Senegal | 0.7 | 2.5 | 3.8 | 3.0 | 62.4% |
| Spain | 0.1 | 0.6 | 1.1 | 1.1 | 122.4% |
| Belgium | 0.1 | 0.4 | 0.7 | 0.7 | 91.3% |
| Others | 0.6 | 6.2 | 0.6 | 0.4 | -12.6% |
| Total | 2.5 | 14.7 | 16.1 | 15.4 | 83.3% |
Top Suppliers of Frozen Cuttlefishes to Ghana in 2022:
- Senegal (1684.0 kg)
- China (566.0 kg)
- Spain (166.0 kg)
- Belgium (64.0 kg)
This report provides an in-depth analysis of the frozen cuttlefishes market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Ghana
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ghana
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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