Ghana: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in Ghana

The Ghanian market for footwear with uppers of textile materials fell remarkably to $X in 2022, which is down by -15.8% 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, posted a tangible increase. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Footwear with Uppers of Textile Materials

Exports from Ghana

In 2022, overseas shipments of footwear with uppers of textile materials increased by 47% to X pairs for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded a measured expansion. The pace of growth was the most pronounced in 2017 when exports increased by 262% against the previous year. The exports peaked at X pairs in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of footwear with uppers of textile materials soared to $X in 2022. Over the period under review, exports posted a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 275%. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X pairs) was the main destination for exports of footwear with uppers of textile materials from Ghana, with a 69% share of total exports. Moreover, exports of footwear with uppers of textile materials to Cote d'Ivoire exceeded the volume sent to the second major destination, Togo (X pairs), threefold. The third position in this ranking was held by the United States (X pairs), with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume to Cote d'Ivoire amounted to +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+18.3% per year) and the United States (+10.1% per year).

In value terms, Cote d'Ivoire ($X) emerged as the key foreign market for footwear with uppers of textile materials exports from Ghana, comprising 72% of total exports. The second position in the ranking was taken by Togo ($X), with an 18% share of total exports. It was followed by the United States, with a 0.6% share.

From 2012 to 2022, the average annual growth rate of value to Cote d'Ivoire stood at +53.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+21.5% per year) and the United States (+4.6% per year).

Export Prices by Country

The average export price for footwear with uppers of textile materials stood at $X per pair in 2022, falling by -12.3% against the previous year. Overall, the export price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2014 an increase of 93% against the previous year. As a result, the export price attained the peak level of $X per pair. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per pair), while the average price for exports to the United States ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+134.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear with Uppers of Textile Materials

Imports into Ghana

In 2022, imports of footwear with uppers of textile materials into Ghana declined rapidly to X pairs, waning by -19.7% on the previous year. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 131%. Imports peaked at X pairs in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of footwear with uppers of textile materials contracted to $X in 2022. Overall, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.9% against 2018 indices. The pace of growth appeared the most rapid in 2015 with an increase of 68% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of footwear with uppers of textile materials to Ghana, with a 49% share of total imports. Moreover, imports of footwear with uppers of textile materials from China exceeded the figures recorded by the second-largest supplier, the United States (X pairs), threefold. France (X pairs) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+14.6% per year) and France (+33.8% per year).

In value terms, China ($X) constituted the largest supplier of footwear with uppers of textile materials to Ghana, comprising 72% of total imports. The second position in the ranking was taken by Turkey ($X), with a 4.6% share of total imports. It was followed by the United States, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+42.0% per year) and the United States (+7.0% per year).

Import Prices by Country

In 2022, the average import price for footwear with uppers of textile materials amounted to $X per pair, rising by 11% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for footwear with uppers of textile materials decreased by -30.7% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 74% against the previous year. The import price peaked at $X per pair in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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