Ghana: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Ghana

For the third consecutive year, the Ghanian cattle hide and skin market recorded growth in sales value, which increased by X% to $X in 2023. In general, consumption, however, continues to indicate a noticeable decrease. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Production of Raw Hides And Skins of Cattle in Ghana

In value terms, cattle hide and skin production amounted to $X in 2023 estimated in export price. Overall, production recorded a noticeable reduction. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2023, production growth failed to regain momentum.

In 2023, the average cattle hide and skin yield in Ghana stood at X kg per head, flattening at the previous year's figure. In general, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the yield increased by X% against the previous year. Over the period under review, the average cattle hide and skin yield reached the peak level at X kg per head in 2021; however, from 2022 to 2023, the yield failed to regain momentum.

The number of animals slaughtered for cattle hide and skin production in Ghana dropped to X heads in 2023, approximately mirroring 2022 figures. This number increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, this number attained the peak level at X heads in 2022, and then dropped slightly in the following year.

Exports of Raw Hides And Skins of Cattle

Exports from Ghana

In 2023, shipments abroad of raw hides and skins of cattle decreased by X% to X tons, falling for the second year in a row after three years of decline. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2023, the growth of the exports remained at a lower figure.

In value terms, cattle hide and skin exports shrank significantly to $X in 2023. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Georgia (X tons) was the main destination for cattle hide and skin exports from Ghana, with a X% share of total exports. It was followed by China (X kg), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to Georgia was relatively modest.

In value terms, Georgia ($X) emerged as the key foreign market for raw hides and skins of cattle exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Georgia was relatively modest.

Export Prices by Country

The average cattle hide and skin export price stood at $X per ton in 2023, declining by X% against the previous year. Overall, the export price recorded a abrupt contraction. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Georgia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%).

Imports of Raw Hides And Skins of Cattle

Imports into Ghana

For the third year in a row, Ghana recorded growth in supplies from abroad of raw hides and skins of cattle, which increased by X% to X tons in 2023. In general, imports, however, saw a abrupt decline. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, cattle hide and skin imports surged to $X in 2023. Overall, imports, however, showed a abrupt shrinkage. Imports peaked at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Zimbabwe (X tons) constituted the largest cattle hide and skin supplier to Ghana, with a X% share of total imports. Moreover, cattle hide and skin imports from Zimbabwe exceeded the figures recorded by the second-largest supplier, Togo (X tons), twofold. Kenya (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual growth rate of volume from Zimbabwe was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Togo (X% per year) and Kenya (X% per year).

In value terms, Zimbabwe ($X) constituted the largest supplier of raw hides and skins of cattle to Ghana, comprising X% of total imports. The second position in the ranking was taken by Togo ($X), with a X% share of total imports. It was followed by Kenya, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Zimbabwe was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Togo (X% per year) and Kenya (X% per year).

Import Prices by Country

The average cattle hide and skin import price stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price, however, continues to indicate a noticeable expansion. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Panama ($X per ton) and Botswana ($X per ton), while the price for Togo ($X per ton) and Zimbabwe ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Togo (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform