Ghana: Safety Headgear Market 2024

Safety Headgear Market Size in Ghana

In 2021, the Ghanian safety headgear market increased by 47% to $X, rising for the second consecutive year after two years of decline. In general, consumption enjoyed a prominent expansion. Safety headgear consumption peaked in 2021 and is expected to retain growth in years to come.

Safety Headgear Exports

Exports from Ghana

After two years of growth, overseas shipments of safety headgear decreased by -96.5% to X units in 2021. In general, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2016 when exports increased by 2,182% against the previous year. Over the period under review, the exports reached the maximum at X units in 2020, and then fell markedly in the following year.

In value terms, safety headgear exports dropped rapidly to $X in 2021. Over the period under review, exports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 2,655%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X units) was the main destination for safety headgear exports from Ghana, with a 82% share of total exports. Moreover, safety headgear exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Sierra Leone (X units), more than tenfold. Togo (X units) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cote d'Ivoire totaled +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sierra Leone (-26.3% per year) and Togo (-36.1% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for safety headgear exports from Ghana, comprising 70% of total exports. The second position in the ranking was held by Singapore ($X), with a 7.9% share of total exports. It was followed by Togo, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cote d'Ivoire amounted to +22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-15.4% per year) and Togo (-29.2% per year).

Export Prices by Country

In 2021, the average safety headgear export price amounted to $X per unit, surging by 21% against the previous year. Overall, the export price, however, faced a deep slump. The most prominent rate of growth was recorded in 2014 an increase of 32%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while the average price for exports to Sierra Leone ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Togo (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Headgear Imports

Imports into Ghana

In 2021, supplies from abroad of safety headgear increased by 54% to X units, rising for the second consecutive year after two years of decline. In general, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2020 when imports increased by 445% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, safety headgear imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 243% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest safety headgear supplier to Ghana, with a 82% share of total imports. It was followed by the Czech Republic (X units), with a 2.7% share of total imports. The United Arab Emirates (X units) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+200.6% per year) and the United Arab Emirates (+4.7% per year).

In value terms, China ($X) constituted the largest supplier of safety headgear to Ghana, comprising 56% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with an 11% share of total imports. It was followed by the UK, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+143.5% per year) and the UK (-5.7% per year).

Import Prices by Country

In 2021, the average safety headgear import price amounted to $X per unit, waning by -8.3% against the previous year. In general, the import price continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2015 an increase of 48% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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