Ghana: Women Hosiery Market 2025

Women Hosiery Market Size in Ghana

The Ghanian women hosiery market fell to $X in 2022, which is down by -5.2% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Women hosiery consumption peaked at $X in 2021, and then dropped in the following year.

Women Hosiery Production in Ghana

In value terms, women hosiery production dropped modestly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 34% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Women Hosiery Exports

Exports from Ghana

In 2022, approx. X pairs of socks, stockings and other women's hosiery were exported from Ghana; which is down by -70.2% against the previous year. Over the period under review, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 350%. As a result, the exports reached the peak of X pairs, and then declined notably in the following year.

In value terms, women hosiery exports fell rapidly to $X in 2022. Overall, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 163%. As a result, the exports attained the peak of $X, and then dropped notably in the following year.

Exports by Country

Cote d'Ivoire (X pairs) was the main destination for women hosiery exports from Ghana, accounting for a 22% share of total exports. Moreover, women hosiery exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Sweden (X pairs), threefold. The third position in this ranking was held by Germany (X pairs), with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cote d'Ivoire was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+14.0% per year) and Germany (+53.2% per year).

In value terms, Germany ($X) emerged as the key foreign market for socks, stockings and other women's hosiery exports from Ghana, comprising 20% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with an 8.2% share of total exports. It was followed by Sweden, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +37.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+7.2% per year) and Sweden (+14.7% per year).

Export Prices by Country

In 2022, the average women hosiery export price amounted to $X per pair, growing by 81% against the previous year. Over the period under review, the export price enjoyed a moderate expansion. Over the period under review, the average export prices reached the maximum at $X per pair in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 Germany ($X per pair), while the average price for exports to Cote d'Ivoire ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

Women Hosiery Imports

Imports into Ghana

Women hosiery imports into Ghana contracted remarkably to X pairs in 2022, falling by -17.8% against the year before. Over the period under review, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 368%. Over the period under review, imports attained the maximum at X pairs in 2021, and then fell rapidly in the following year.

In value terms, women hosiery imports shrank markedly to $X in 2022. Overall, imports, however, posted a significant increase. The growth pace was the most rapid in 2014 when imports increased by 615% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X pairs) was the main women hosiery supplier to Ghana, accounting for a approx. 98% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +27.0%.

In value terms, China ($X) constituted the largest supplier of socks, stockings and other women's hosiery to Ghana.

From 2012 to 2022, the average annual growth rate of value from China amounted to +23.8%.

Import Prices by Country

In 2022, the average women hosiery import price amounted to $X per pair, waning by -35.3% against the previous year. Overall, the import price continues to indicate a perceptible setback. The growth pace was the most rapid in 2015 when the average import price increased by 107% against the previous year. As a result, import price reached the peak level of $X per pair. From 2016 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -2.5% per year.

Source: IndexBox Platform

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