Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Ghana - 2022

Contents:

  1. Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Ghana (CIF) - 2022
  2. Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Ghana (FOB) - 2022
  3. Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Ghana
  4. Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Ghana

Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Ghana (CIF) - 2022

In 2022, the average import price for offal, edible; of bovine animals, fresh or chilleds amounted to $1,170 per ton, reducing by -11.9% against the previous year. In general, the import price showed a pronounced contraction. The pace of growth appeared the most rapid in 2021 an increase of 20% against the previous year. Over the period under review, average import prices reached the maximum at $1,521 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($2,145 per ton), while the price for Ireland ($877 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+15.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Ghana (FOB) - 2022

In 2022, the average export price for offal, edible; of bovine animals, fresh or chilleds amounted to $2,815 per ton, increasing by 8% against the previous year. In general, the export price, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2018 when the average export price increased by 9.8%. Over the period under review, the average export prices reached the peak figure at $9,753 per ton in 2012; however, from 2013 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 Togo.

From 2012 to 2022, the rate of growth in terms of prices for Togo amounted to -11.7% per year.

Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Ghana

Imports of offal, edible; of bovine animals, fresh or chilleds into Ghana surged to 668 tons in 2022, increasing by 68% compared with the previous year's figure. In general, imports saw a notable increase.

In value terms, imports of offal, edible; of bovine animals, fresh or chilleds soared to $781K in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +5.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 53% against the previous year. As a result, imports reached the peak of $1M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Offal, Edible; of Bovine Animals, Fresh or Chilled in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy64.711797.419744.9%
Netherlands56.059.531.752.5-2.1%
Ireland25.225.113.417.4-11.6%
United Kingdom0.85.120613.4155.9%
Belgium15.216.09.112.5-6.3%
Others513813169488-1.7%
Total6751,0365267815.0%

Top Suppliers of Offal, Edible; of Bovine Animals, Fresh or Chilled to Ghana in 2022:

  1. Italy (190.9 tons)
  2. Netherlands (36.4 tons)
  3. Ireland (19.8 tons)
  4. United Kingdom (8.5 tons)
  5. Belgium (5.8 tons)

Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Ghana

In 2022, after two years of decline, there was growth in shipments abroad of offal, edible; of bovine animals, fresh or chilleds, when their volume increased by 1.6% to 7.1 tons. Overall, exports, however, recorded a mild decline.

In value terms, exports of offal, edible; of bovine animals, fresh or chilleds rose markedly to $20K in 2022. In general, exports, however, saw a abrupt shrinkage.

Export of Offal, Edible; of Bovine Animals, Fresh or Chilled in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Togo25.921.718.119.9-8.4%
OthersN/AN/AN/AN/A0%
Total25.921.718.119.9-8.4%

Top Export Markets for Offal, Edible; of Bovine Animals, Fresh or Chilled from Ghana in 2022:

  1. Togo (7.1 tons)

Source: IndexBox Market Intelligence Platform

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