Ghana: Ski Footwear Market 2021

Ski Footwear Market Size in Ghana

For the sixth year in a row, the Ghanian ski footwear market recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, the market attained the peak level in 2020 and is expected to retain growth in years to come.

Ski Footwear Production in Ghana

In value terms, ski footwear production amounted to $X in 2020 estimated in export prices. Overall, the total production indicated a measured increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2014 indices. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, production hit record highs in 2020 and is likely to see steady growth in years to come.

Ski Footwear Exports

Exports from Ghana

In 2020, exports of ski-boots, snowboard boots and cross-country ski footwear from Ghana shrank remarkably to X pairs, reducing by -X% against the year before. Over the period under review, exports recorded a deep contraction. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Exports peaked at X pairs in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, ski footwear exports fell to $X in 2020. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

Sierra Leone (X pairs) was the main destination for ski footwear exports from Ghana, with a X% share of total exports. Moreover, ski footwear exports to Sierra Leone exceeded the volume sent to the second major destination, Cote d'Ivoire (X pairs), sevenfold. Burkina Faso (X pairs) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Sierra Leone amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+X% per year) and Burkina Faso (+X% per year).

In value terms, Burkina Faso ($X) remains the key foreign market for ski footwear exports from Ghana, comprising X% of total exports. The second position in the ranking was occupied by Sierra Leone ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Burkina Faso totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sierra Leone (+X% per year) and Cote d'Ivoire (+X% per year).

Export Prices by Country

In 2020, the average ski footwear export price amounted to $X per pair, growing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per pair. from 2018 to 2020, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Burkina Faso ($X per pair), while the average price for exports to South Africa ($X per pair) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso, while the prices for the other major destinations experienced a decline.

Ski Footwear Imports

Imports into Ghana

In 2020, overseas purchases of ski-boots, snowboard boots and cross-country ski footwear decreased by -X% to X pairs, falling for the second year in a row after two years of growth. Overall, imports saw a sharp decrease. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X pairs in 2010; however, from 2011 to 2020, imports stood at a somewhat lower figure.

In value terms, ski footwear imports declined rapidly to $X in 2020. Over the period under review, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at $X in 2010; however, from 2011 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X pairs) constituted the largest supplier of ski footwear to Ghana, accounting for a X% share of total imports. Moreover, ski footwear imports from China exceeded the figures recorded by the second-largest supplier, Italy (X pairs), twofold. The third position in this ranking was occupied by Canada (X pairs), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Canada (+X% per year).

In value terms, China ($X) constituted the largest supplier of ski footwear to Ghana, comprising X% of total imports. The second position in the ranking was occupied by Nigeria ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nigeria (-X% per year) and the United Arab Emirates (-X% per year).

Import Prices by Country

In 2020, the average ski footwear import price amounted to $X per pair, shrinking by -X% against the previous year. Overall, the import price, however, posted moderate growth. The pace of growth appeared the most rapid in 2012 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum at $X per pair in 2019, and then declined in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per pair), while the price for Canada ($X per pair) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Nigeria, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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