Bovine Animals; Live Price in Ghana - 2023
Contents:
- Bovine Animals; Live Price in Ghana (CIF) - 2023
- Bovine Animals; Live Price in Ghana (FOB) - 2022
- Bovine Animals; Live Imports in Ghana
- Bovine Animals; Live Exports in Ghana
Bovine Animals; Live Price in Ghana (CIF) - 2023
In December 2023, the average bovine animals; live import price amounted to $6.7 per unit, shrinking by -59.2% against the previous month. Overall, the import price saw a deep slump. The most prominent rate of growth was recorded in September 2023 an increase of 16% m-o-m. Over the period under review, average import prices hit record highs at $44.7 per unit in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Togo ($28.2 per unit), while the price for Burkina Faso amounted to $3.0 per unit.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Togo (+7.9%).
Bovine Animals; Live Price in Ghana (FOB) - 2022
In 2022, the average bovine animals; live export price amounted to $1,047 per unit, approximately mirroring the previous year. In general, the export price, however, posted a slight expansion. The pace of growth appeared the most rapid in 2019 an increase of 2,313% against the previous year. The export price peaked at $2,062 per unit in 2016; however, from 2017 to 2022, the 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 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +0.2% per year.
Bovine Animals; Live Imports in Ghana
In 2022, imports of bovine animals; lives into Ghana dropped significantly to 506 units, waning by -28.9% on the year before. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 135%. As a result, imports reached the peak of 712 units, and then reduced notably in the following year.
In value terms, bovine animals; live imports fell markedly to $484K in 2022. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 141%. As a result, imports attained the peak of $684K, and then contracted significantly in the following year.
| Import of Bovine Animals; Live in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mali | 363 | 167 | 259 | 314 | -4.7% |
| Burkina Faso | 284 | 104 | 406 | 146 | -19.9% |
| South Africa | 0.2 | 8.4 | 13.3 | 16.3 | 333.6% |
| United States | 1.2 | 3.1 | 4.5 | 5.1 | 62.0% |
| Others | 1.4 | 1.2 | 1.9 | 2.3 | 18.0% |
| Total | 650 | 284 | 684 | 484 | -9.4% |
Top Suppliers of Bovine Animals; Live to Ghana in 2022:
- Mali (258.0 units)
- Burkina Faso (212.0 units)
- South Africa (17.0 units)
- United States (12.0 units)
Bovine Animals; Live Exports in Ghana
In 2022, after three years of growth, there was significant decline in overseas shipments of bovine animals; lives, when their volume decreased by -24% to 256 units. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 3,380% against the previous year. Over the period under review, the exports hit record highs at 337 units in 2021, and then contracted markedly in the following year.
In value terms, bovine animals; live exports fell markedly to $268K in 2022. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 5,321% against the previous year. Over the period under review, the exports hit record highs at $356K in 2021, and then plummeted in the following year.
| Export of Bovine Animals; Live in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 3.2 | 180 | 356 | 268 | 337.5% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 3.3 | 180 | 356 | 268 | 333.1% |
Top Export Markets for Bovine Animals; Live from Ghana in 2022:
- Cote d'Ivoire (256.0 units)
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