Price for Meat of Bovine Animals; Fresh or Chilled in Ghana - 2022

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

The average import price for meat of bovine animals; fresh or chilled stood at $6,675 per ton in 2022, surging by 37% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 50%. Over the period under review, average import prices hit record highs at $7,605 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($32,899 per ton), while the price for Belgium ($4,104 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for meat of bovine animals; fresh or chilled amounted to $2,433 per ton, approximately mirroring the previous year. In general, the export price showed a slight expansion. The pace of growth was the most pronounced in 2020 a decrease of 99.9%. The export price peaked at $3,307 per ton in 2015; however, from 2016 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 Indonesia.

From 2013 to 2022, the rate of growth in terms of prices for the Philippines amounted to 0.0% per year.

Imports of Meat of Bovine Animals; Fresh or Chilled in Ghana

In 2022, overseas purchases of meat of bovine animals; fresh or chilled decreased by -7.1% to 116 tons, falling for the second consecutive year after two years of growth. In general, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 145%. As a result, imports reached the peak of 142 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of meat of bovine animals; fresh or chilled soared to $776K in 2022. Overall, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 262%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

Import of Meat of Bovine Animals; Fresh or Chilled in Ghana (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	44.4	114	169	283	85.4%
Italy	6.5	45.2	88.7	119	163.6%
France	10.9	40.6	83.8	108	114.8%
United Arab Emirates	0.5	5.8	40.1	59.8	392.7%
Belgium	16.0	32.5	38.6	53.2	49.3%
Ireland	14.6	28.5	32.5	41.6	41.8%
Brazil	17.3	28.4	27.2	29.1	18.9%
Netherlands	3.3	135	79.3	5.5	18.6%
Others	14.4	33.6	51.3	76.0	74.1%
Total	128	463	611	776	82.3%

Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Ghana in 2022:

United Kingdom (48.4 tons)
France (21.4 tons)
Italy (20.1 tons)
Belgium (13.0 tons)
Ireland (6.1 tons)
Brazil (2.2 tons)
United Arab Emirates (1.8 tons)
Netherlands (0.6 tons)

Exports of Meat of Bovine Animals; Fresh or Chilled in Ghana

In 2022, after two years of decline, there was decline in overseas shipments of meat of bovine animals; fresh or chilled, when their volume decreased by 0% to 30 kg. In general, exports showed a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of meat of bovine animals; fresh or chilled amounted to $73 in 2022. Over the period under review, exports enjoyed significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in years to come.