Report Update Nov 1, 2024

Ghana - Composition Leather - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Composition Leather Market 2024

Composition Leather Market Size in Ghana

The Ghanian composition leather market skyrocketed to $X in 2021, growing by 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a drastic downturn. Composition leather consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Composition Leather Exports

Exports from Ghana

In 2020, the amount of composition leather exported from Ghana stood at X square meters, remaining constant against 2019 figures. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum in 2020 and are likely to see steady growth in years to come.

In value terms, composition leather exports totaled $X in 2020. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked in 2020 and are expected to retain growth in the near future.

Exports by Country

Indonesia (X square meters) was the main destination for composition leather exports from Ghana, with a approx. 100% share of total exports.

From 2015 to 2020, the average annual growth rate of volume to Indonesia was relatively modest.

From 2015 to 2020, the average annual growth rate of value to Indonesia was relatively modest.

Composition Leather Imports

Imports into Ghana

In 2021, imports of composition leather into Ghana skyrocketed to X square meters, with an increase of 38% against the year before. In general, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 54% against the previous year. Imports peaked at X square meters in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, composition leather imports rose rapidly to $X in 2021. Over the period under review, imports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2016 when imports increased by 112% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X square meters), Italy (X square meters) and the Netherlands (X square meters) were the main suppliers of composition leather imports to Ghana, with a combined 49% share of total imports. Canada, China, Germany, France, the UK and the United States lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +69.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Italy ($X) constituted the largest composition leather suppliers to Ghana, together accounting for 39% of total imports. Germany, France, China, Canada, the UK and the United States lagged somewhat behind, together comprising a further 18%.

Among the main suppliers, Germany, with a CAGR of +61.1%, 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

In 2021, the average composition leather import price amounted to $X per square meter, dropping by -17.2% against the previous year. Over the period under review, the import price, however, posted a prominent increase. The growth pace was the most rapid in 2016 when the average import price increased by 38% against the previous year. The import price peaked at $X per square meter in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for Canada ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.0%), 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 composition leather in the world?

China remains the largest composition leather consuming country worldwide, comprising approx. 21% of total volume. Moreover, composition leather consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., twofold. Indonesia ranked third in terms of total consumption with a 3.4% share.

What are the largest producers of composition leather in the world?

The country with the largest volume of composition leather production was China, accounting for 22% of total volume. Moreover, composition leather production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. Indonesia ranked third in terms of total production with a 3.6% share.

What are the leading suppliers of composition leather to Ghana?

In value terms, the largest composition leather suppliers to Ghana were Italy, Germany and China, with a combined 45% share of total imports.

What is the average export price for composition leather in Ghana?

In 2020, the average composition leather export price amounted to $4,133 per ton, almost unchanged from the previous year.

What is the average import price for composition leather in Ghana?

In 2020, the average composition leather import price amounted to $2,140 per ton, surging by 44% against the previous year.

This report provides an in-depth analysis of the composition leather 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 15115200 - Composition leather with a basis of leather or leather fibre, in slabs, sheets or strips

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