Report Update Nov 1, 2024

Ghana - Machinery for Making or Repairing Footwear - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Footwear Making Machinery Market 2024

Footwear Making Machinery Market Size in Ghana

In 2022, after three years of growth, there was significant decline in the Ghanian footwear making machinery market, when its value decreased by X% to $X. Overall, consumption, however, recorded resilient growth. Over the period under review, the market attained the peak level at $X in 2021, and then contracted sharply in the following year.

Footwear Making Machinery Exports

Exports from Ghana

In 2018, approx. X units of machinery for making or repairing footwear were exported from Ghana; approximately mirroring the year before. Overall, exports recorded a significant expansion. The smallest decline of X% was in 2017. Over the period under review, the exports hit record highs in 2018 and are likely to continue growth in the near future.

In value terms, footwear making machinery exports stood at $X in 2018. Over the period under review, exports showed a significant increase. The smallest decline of X% was in 2017. Over the period under review, the exports reached the maximum in 2018 and are likely to continue growth in years to come.

Exports by Country

Nigeria (X units) was the main destination for footwear making machinery exports from Ghana, with a X% share of total exports. Moreover, footwear making machinery exports to Nigeria exceeded the volume sent to the second major destination, Greece (X units), more than tenfold.

From 2016 to 2018, the average annual growth rate of volume to Nigeria was relatively modest.

From 2016 to 2018, the average annual growth rate of value to Nigeria was relatively modest.

Export Prices by Country

In 2018, the average footwear making machinery export price amounted to $X per unit, leveling off at the previous year. In general, the export price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the average export price decreased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2018, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2018, amid the top suppliers, the country with the highest price was Greece ($X per unit), while the average price for exports to Nigeria amounted to $X per unit.

From 2016 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Making Machinery Imports

Imports into Ghana

In 2022, after four years of growth, there was significant decline in overseas purchases of machinery for making or repairing footwear, when their volume decreased by X% to X units. Overall, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at X units in 2021, and then dropped rapidly in the following year.

In value terms, footwear making machinery imports shrank significantly to $X in 2022. Over the period under review, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted sharply in the following year.

Imports by Country

In 2022, Italy (X units) constituted the largest footwear making machinery supplier to Ghana, with a X% share of total imports. Moreover, footwear making machinery imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was held by Australia (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Australia (X% per year).

In value terms, Italy ($X), the Czech Republic ($X) and China ($X) appeared to be the largest footwear making machinery suppliers to Ghana, with a combined X% share of total imports. Germany, Australia, India, the UK, Belgium and the Netherlands lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, India, with a CAGR of X%, saw 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 2022, the average footwear making machinery import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price enjoyed strong growth. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, 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 Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), 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 machinery for making or repairing footwear in the world?

The countries with the highest volumes of in 2021 were Indonesia, Vietnam and Taiwan Chinese), together comprising 62% of global consumption.

What are the largest producers of machinery for making or repairing footwear in the world?

The countries with the highest volumes of in 2021 were Taiwan Chinese), China and South Korea, together accounting for 80% of global production. These countries were followed by Italy and Hong Kong SAR, which together accounted for a further 13%.

What are the leading suppliers of machinery for making or repairing footwear to Ghana?

In value terms, China constituted the largest supplier of footwear making machinery to Ghana, comprising 81% of total imports. The second position in the ranking was occupied by Italy, with a 5.2% share of total imports. It was followed by the Netherlands, with a 3.3% share.

What is the average export price for machinery for making or repairing footwear in Ghana?

In 2018, the average footwear making machinery export price amounted to $64 per unit, remaining relatively unchanged against the previous year.

What is the average import price for machinery for making or repairing footwear in Ghana?

In 2021, the average footwear making machinery import price amounted to $773 per unit, picking up by 39% against the previous year.

This report provides an in-depth analysis of the footwear making machinery 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 28943050 - Machinery for making/repairing footwear including skiving or pairing machines, machines for cutting leather into shapes, p erforating and pricking machines excluding sewing machines

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