Report Update Feb 1, 2025

Ghana - Knitted or Crocheted Fabrics - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Knitted Fabric Market 2025

Knitted Fabric Market Size in Ghana

In 2021, the Ghanian knitted fabric market increased by 60% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +72.8% against 2019 indices. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Knitted Fabric Production in Ghana

In value terms, knitted fabric production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a slight downturn. Knitted fabric production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Knitted Fabric Exports

Exports from Ghana

In 2021, shipments abroad of knitted or crocheted fabrics was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, knitted fabric exports skyrocketed to $X in 2021. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Burkina Faso (X tons) was the main destination for knitted fabric exports from Ghana, with a 82% share of total exports. It was followed by Nigeria (X kg), with a 2.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Burkina Faso amounted to +20.1%.

In value terms, the largest markets for knitted fabric exported from Ghana were Burkina Faso ($X) and Nigeria ($X).

Nigeria, with a CAGR of +2.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average knitted fabric export price stood at $X per ton in 2021, picking up by 144% against the previous year. Over the period under review, the export price posted a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Nigeria ($X per ton), while the average price for exports to Burkina Faso totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (-5.5%).

Knitted Fabric Imports

Imports into Ghana

In 2021, the amount of knitted or crocheted fabrics imported into Ghana reached X tons, with an increase of 11% on the previous year. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 73%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, knitted fabric imports skyrocketed to $X in 2021. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 46%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest knitted fabric supplier to Ghana, with a 65% share of total imports. Moreover, knitted fabric imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. Turkey (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +25.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+31.7% per year) and Turkey (+36.2% per year).

In value terms, China ($X) constituted the largest supplier of knitted or crocheted fabrics to Ghana, comprising 56% of total imports. The second position in the ranking was taken by South Korea ($X), with a 4.1% share of total imports. It was followed by Turkey, with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+53.1% per year) and Turkey (+43.6% per year).

Import Prices by Country

In 2021, the average knitted fabric import price amounted to $X per ton, picking up by 23% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 50%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for knitted or crocheted fabrics in the world?

The country with the largest volume of knitted fabric consumption was China, accounting for 19% of total volume. Moreover, knitted fabric consumption in China exceeded the figures recorded by the second-largest consumer, Brazil, threefold. Vietnam ranked third in terms of total consumption with a 5.5% share.

What are the largest producers of knitted or crocheted fabrics in the world?

China remains the largest knitted fabric producing country worldwide, accounting for 59% of total volume. Moreover, knitted fabric production in China exceeded the figures recorded by the second-largest producer, South Korea, more than tenfold. The third position in this ranking was occupied by Brazil, with a 4% share.

What are the leading suppliers of knitted or crocheted fabrics to Ghana?

In value terms, Taiwan Chinese), China and Pakistan appeared to be the largest knitted fabric suppliers to Ghana, together comprising 65% of total imports.

What are the leading importers of knitted or crocheted fabrics from Ghana?

In value terms, Burkina Faso remains the key foreign market for knitted fabric exports from Ghana, comprising 59% of total exports. The second position in the ranking was occupied by South Africa, with a 26% share of total exports. It was followed by Uganda, with a 4.8% share.

What is the average export price for knitted or crocheted fabrics in Ghana?

The average knitted fabric export price stood at $13,819 per ton in 2021, dropping by -32.8% against the previous year.

What is the average import price for knitted or crocheted fabrics in Ghana?

In 2021, the average knitted fabric import price amounted to $4,352 per ton, declining by -2% against the previous year.

This report provides an in-depth analysis of the knitted fabric 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 13911100 - Pile fabrics, terry fabrics, knitted or crocheted
Prodcom 13911910 - Knitted or crocheted fabrics (excluding pile fabrics)

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024