Ghana: Narrow Woven Fabric Market 2025

Narrow Woven Fabric Market Size in Ghana

The Ghanian narrow woven fabric market rose significantly to $X in 2021, surging by 7.2% 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). The market value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the immediate term.

Narrow Woven Fabric Exports

Exports from Ghana

In 2021, exports of narrow woven fabrics from Ghana dropped dramatically to X kg, shrinking by -71.3% on 2020 figures. Overall, exports showed a perceptible descent. The pace of growth appeared the most rapid in 2013 when exports increased by 337% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, narrow woven fabric exports shrank notably to $X in 2021. Over the period under review, exports saw a deep reduction. The growth pace was the most rapid in 2013 when exports increased by 244%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Norway (X kg), Burkina Faso (X kg) and Cote d'Ivoire (X kg) were the main destinations of narrow woven fabric exports from Ghana, together comprising 86% of total exports. The United States, Benin, Morocco and South Africa lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +19.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for narrow woven fabrics exports from Ghana, comprising 50% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a 16% share of total exports. It was followed by Cote d'Ivoire, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+4.4% per year) and Cote d'Ivoire (-13.4% per year).

Export Prices by Country

The average narrow woven fabric export price stood at $X per ton in 2021, dropping by -27.7% against the previous year. In general, the export price recorded a perceptible slump. The growth pace was the most rapid in 2015 an increase of 66%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+1.1%), while the prices for the other major destinations experienced a decline.

Narrow Woven Fabric Imports

Imports into Ghana

Narrow woven fabric imports into Ghana stood at X tons in 2021, growing by 11% compared with the year before. In general, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +84.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 66% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, narrow woven fabric imports reached $X in 2021. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 28%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main supplier of narrow woven fabric to Ghana, with a 92% share of total imports. Moreover, narrow woven fabric imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +5.1%.

In value terms, China ($X) constituted the largest supplier of narrow woven fabrics to Ghana, comprising 84% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +3.1%.

Import Prices by Country

In 2021, the average narrow woven fabric import price amounted to $X per ton, declining by -6.1% against the previous year. Overall, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by 74%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.9%).

Source: IndexBox Platform

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