Report Update Nov 1, 2024

Ghana - Blankets and Travelling Rugs of Wool - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Travelling Wool Rug Market 2024

Travelling Wool Rug Market Size in Ghana

The Ghanian travelling wool rug market declined to $X in 2022, which is down by -6.1% against the previous year. In general, consumption recorded a noticeable contraction. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Travelling Wool Rug Production in Ghana

In value terms, travelling wool rug production declined to $X in 2022 estimated in export price. In general, production recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of 63% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Travelling Wool Rug Exports

Exports from Ghana

In 2021, approx. X units of blankets and travelling rugs of wool were exported from Ghana; which is down by -71.9% against the previous year's figure. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 900%. The exports peaked at X units in 2020, and then fell markedly in the following year.

In value terms, travelling wool rug exports dropped dramatically to $X in 2021. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 461% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for travelling wool rug exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to -25.5%.

In value terms, Canada ($X) emerged as the key foreign market for blankets and travelling rugs of wool exports from Ghana.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to -28.2%.

Export Prices by Country

The average travelling wool rug export price stood at $X per unit in 2021, increasing by 15% against the previous year. Overall, the export price, however, recorded a abrupt decline. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2021, the rate of growth in terms of prices for Kenya amounted to +313.3% per year.

Travelling Wool Rug Imports

Imports into Ghana

In 2022, purchases abroad of blankets and travelling rugs of wool decreased by -24.5% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 440%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, travelling wool rug imports fell significantly to $X in 2022. In general, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 369% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X units) constituted the largest travelling wool rug supplier to Ghana, with a 57% share of total imports. Moreover, travelling wool rug imports from India exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Indonesia (X units), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +50.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.4% per year) and Indonesia (+1.9% per year).

In value terms, China ($X), India ($X) and Indonesia ($X) were the largest travelling wool rug suppliers to Ghana, together comprising 94% of total imports. Italy, France and the United Arab Emirates lagged somewhat behind, together accounting for a further 2%.

In terms of the main suppliers, France, with a CAGR of +56.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average travelling wool rug import price stood at $X per unit in 2022, remaining stable against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, travelling wool rug import price increased by +14.3% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 44%. Over the period under review, average import prices reached the maximum at $X per unit in 2019; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for blankets and travelling rugs of wool in the world?

The countries with the highest volumes of travelling wool rug consumption in 2021 were China, the United States and India, together accounting for 29% of global consumption. These countries were followed by Turkey, Russia, Germany, Pakistan, Nigeria, Brazil, Indonesia, Bangladesh, Japan and Mexico, which together accounted for a further 28%.

What are the largest producers of blankets and travelling rugs of wool in the world?

China remains the largest travelling wool rug producing country worldwide, comprising approx. 17% of total volume. Moreover, travelling wool rug production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 6.1% share.

What are the leading suppliers of blankets and travelling rugs of wool to Ghana?

In value terms, China, India and Indonesia appeared to be the largest travelling wool rug suppliers to Ghana, together accounting for 85% of total imports.

What is the average export price for blankets and travelling rugs of wool in Ghana?

The average travelling wool rug export price stood at $12 per unit in 2021, surging by 1.5% against the previous year.

What is the average import price for blankets and travelling rugs of wool in Ghana?

The average travelling wool rug import price stood at $11 per unit in 2021, with an increase of 8.4% against the previous year.

This report provides an in-depth analysis of the travelling wool rug 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:

Prodcom 13921130 - Blankets and travelling rugs of wool or fine animal hair (excluding electric blankets)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023