Report Update Nov 1, 2024

Ghana - Footwear with uppers of leather - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Leather Footwear Market 2024

Leather Footwear Market Size in Ghana

For the fifth year in a row, the Ghanian leather footwear market recorded growth in sales value, which increased by 47% to $X in 2021. Overall, consumption continues to indicate significant growth. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the immediate term.

Leather Footwear Exports

Exports from Ghana

In 2021, after two years of growth, there was significant decline in shipments abroad of leather footwear, when their volume decreased by -11.3% to X tons. In general, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of 193%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, leather footwear exports skyrocketed to $X in 2021. Overall, exports, however, recorded measured growth. The growth pace was the most rapid in 2019 when exports increased by 60% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Mali (X kg), Burkina Faso (X kg) and Nigeria (X kg) were the main destinations of leather footwear exports from Ghana, with a combined 60% share of total exports. The United States, the Netherlands, South Africa and Cote d'Ivoire lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +32.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Burkina Faso ($X) remains the key foreign market for leather footwear exports from Ghana, comprising 40% of total exports. The second position in the ranking was held by Nigeria ($X), with a 14% share of total exports. It was followed by the United States, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to Burkina Faso totaled +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+6.9% per year) and the United States (+28.9% per year).

Export Prices by Country

The average leather footwear export price stood at $X per kg in 2021, picking up by 52% against the previous year. In general, the export price showed a prominent expansion. The growth pace was the most rapid in 2018 an increase of 118% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Burkina Faso ($X per kg), while the average price for exports to Mali ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Footwear Imports

Imports into Ghana

For the fifth consecutive year, Ghana recorded growth in purchases abroad of leather footwear, which increased by 43% to X tons in 2021. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 154% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, leather footwear imports surged to $X in 2021. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 170% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) was the main supplier of leather footwear to Ghana, accounting for a 91% share of total imports. It was followed by India (X tons), with a 2.2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +39.7%.

In value terms, China ($X) constituted the largest supplier of leather footwear to Ghana, comprising 87% of total imports. The second position in the ranking was taken by India ($X), with a 2.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +28.8%.

Import Prices by Country

In 2021, the average leather footwear import price amounted to $X per kg, surging by 4.3% against the previous year. In general, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 14%. Over the period under review, average import prices attained the maximum at $X per kg in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per kg), while the price for China stood at $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-7.8%).

Source: IndexBox Platform

This report provides an in-depth analysis of the leather footwear 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 15201330 - Footwear with a wooden base and leather uppers (including clogs) (excluding with an inner sole or a protective metal toecap)
Prodcom 15201351 - Men
Prodcom 15201352 - Women
Prodcom 15201353 - Children
Prodcom 15201361 - Men
Prodcom 15201362 - Women
Prodcom 15201363 - Children
Prodcom 15201370 - Slippers and other indoor footwear with rubber, plastic or leather outer soles and leather uppers (including dancing and bedroom slippers, mules)
Prodcom 15201380 - Footwear with wood, cork or other outer soles and leather uppers (excluding outer soles of rubber, plastics or leather)

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