Ghana: Leather Footwear Market 2022

Leather Footwear Market Size in Ghana

The Ghanian leather footwear market stood at $X in 2017, remaining relatively unchanged 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). Over the period under review, consumption faced a abrupt contraction. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. Ghana consumption peaked at $X in 2007; however, from 2008 to 2017, consumption failed to regain the momentum.

Leather Footwear Exports

Exports from Ghana

After two years of growth, overseas shipments of leather footwear decreased by -X% to X pairs in 2017. In general, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2009 when exports increased by X% year-to-year. Ghana exports peaked at X pairs in 2016, and then shrank sharply in the following year.

In value terms, leather footwear exports declined notably to $X in 2017. Over the period under review, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, exports reached the peak of $X, and then reduced remarkably in the following year.

Exports by Country

China represented the key exporting country with an export of around X pairs, which recorded X% of total exports. It was distantly followed by Vietnam (X pairs), Italy (X pairs) and India (X pairs), together achieving a X% share of total exports. Germany (X pairs), Portugal (X pairs), Belgium (X pairs), Hong Kong SAR (X pairs), Spain (X pairs), France (X pairs), the Netherlands (X pairs) and Indonesia (X pairs) occupied a relatively small share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of leather footwear. At the same time, Vietnam (+X%), France (+X%), India (+X%), the Netherlands (+X%) and Portugal (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2017. Spain and Germany experienced a relatively flat trend pattern. By contrast, Italy (-X%), Belgium (-X%), Indonesia (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of Vietnam (+X p.p.) and India (+X p.p.) increased significantly in terms of the global exports from 2007-2017, the share of Indonesia (-X p.p.) and Hong Kong SAR (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

Vietnam recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The leather footwear export price in Ghana stood at $X per pair in 2017, rising by X% against the previous year. In general, export price indicated modest growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, leather footwear export price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2011 when the export price increased by X% y-o-y. Ghana export price peaked at $X per pair in 2013; however, from 2014 to 2017, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per pair), while China ($X per pair) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Leather Footwear Imports

Imports into Ghana

In 2017, approx. X pairs of leather footwear were imported into Ghana; with a decrease of -X% compared with 2016 figures. Overall, imports saw a dramatic descent. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Ghana imports peaked at X pairs in 2007; however, from 2008 to 2017, imports remained at a lower figure.

In value terms, leather footwear imports shrank to $X in 2017. In general, imports recorded a abrupt downturn. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2007; however, from 2008 to 2017, imports remained at a lower figure.

Imports by Country

In 2017, the United States (X pairs), distantly followed by Germany (X pairs), the UK (X pairs), France (X pairs) and Italy (X pairs) represented the key importers of leather footwear, together comprising X% of total imports. Hong Kong SAR (X pairs), the Netherlands (X pairs), Belgium (X pairs), Russia (X pairs), Japan (X pairs), China (X pairs), Spain (X pairs) and Canada (X pairs) followed a long way behind the leaders.

From 2007 to 2017, the biggest increases were in China, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported leather footwear into Ghana, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in the United States amounted to -X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The leather footwear import price in Ghana stood at $X per pair in 2017, with an increase of X% against the previous year. In general, the import price showed strong growth. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. Ghana import price peaked in 2017 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2017, the country with the highest price was China ($X per pair), while the UK ($X per pair) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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