Ghana: Non-Knitted Men Apparel Market 2024

Non-Knitted Men Apparel Market Size in Ghana

The Ghanian non-knitted men apparel market shrank slightly to $X in 2022, which is down by -3.3% against the previous year. In general, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.6% against 2019 indices. Non-knitted men apparel consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Non-Knitted Men Apparel Production in Ghana

In value terms, non-knitted men apparel production declined slightly to $X in 2022 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.0% against 2019 indices. The growth pace was the most rapid in 2015 when the production volume increased by 60%. Non-knitted men apparel production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Non-Knitted Men Apparel Exports

Exports from Ghana

In 2022, non-knitted men apparel exports from Ghana surged to X units, with an increase of 412% compared with 2021 figures. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 972%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, non-knitted men apparel exports skyrocketed to $X in 2022. In general, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 720%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

India (X units) was the main destination for non-knitted men apparel exports from Ghana, accounting for a 68% share of total exports. Moreover, non-knitted men apparel exports to India exceeded the volume sent to the second major destination, the United States (X units), sixfold. Portugal (X units) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+26.6% per year) and Portugal (+344.7% per year).

In value terms, India ($X) emerged as the key foreign market for men's or boys' clothing (not knitted or crocheted) exports from Ghana, comprising 52% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports. It was followed by Portugal, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+26.0% per year) and Portugal (+265.7% per year).

Export Prices by Country

In 2022, the average non-knitted men apparel export price amounted to $X per unit, declining by -54.2% against the previous year. In general, the export price saw a deep setback. The pace of growth appeared the most rapid in 2017 an increase of 106% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.4%), while the prices for the other major destinations experienced a decline.

Non-Knitted Men Apparel Imports

Imports into Ghana

In 2022, purchases abroad of men's or boys' clothing (not knitted or crocheted) increased by 7% to X units, rising for the second year in a row after two years of decline. In general, imports, however, faced a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 815% against the previous year. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, non-knitted men apparel imports declined sharply to $X in 2022. Over the period under review, imports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2016 when imports increased by 1,517%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of non-knitted men apparel to Ghana, accounting for a 93% share of total imports. It was followed by India (X units), with a 1.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at -10.3%.

In value terms, China ($X) constituted the largest supplier of men's or boys' clothing (not knitted or crocheted) to Ghana, comprising 87% of total imports. The second position in the ranking was held by India ($X), with a 1.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled -9.4%.

Import Prices by Country

The average non-knitted men apparel import price stood at $X per unit in 2022, with a decrease of -28.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 186% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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