Ghana: Women Knitwear Market 2025

Women Knitwear Market Size in Ghana

In 2022, after four years of growth, there was significant decline in the Ghanian women knitwear market, when its value decreased by -14.8% to $X. In general, consumption, however, recorded a resilient increase. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank in the following year.

Women Knitwear Production in Ghana

In value terms, women knitwear production totaled $X in 2022 estimated in export price. Over the period under review, production posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 989% against the previous year. Women knitwear production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Women Knitwear Exports

Exports from Ghana

In 2022, the amount of women's or girls' clothing (knitted or crocheted) exported from Ghana skyrocketed to X units, jumping by 153% compared with the previous year's figure. Overall, exports, however, recorded a abrupt slump. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, women knitwear exports skyrocketed to $X in 2022. Over the period under review, exports recorded prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by 179%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for women knitwear exports from Ghana, accounting for a 77% share of total exports. Moreover, women knitwear exports to the United States exceeded the volume sent to the second major destination, Germany (X units), tenfold. South Africa (X units) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+55.6% per year) and South Africa (+8.6% per year).

In value terms, the United States ($X) remains the key foreign market for women's or girls' clothing (knitted or crocheted) exports from Ghana, comprising 38% of total exports. The second position in the ranking was taken by Germany ($X), with a 7.5% share of total exports. It was followed by South Africa, with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+44.6% per year) and South Africa (+25.2% per year).

Export Prices by Country

In 2022, the average women knitwear export price amounted to $X per unit, reducing by -2.7% against the previous year. Over the period under review, the export price, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 73% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the United States ($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 South Africa (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Women Knitwear Imports

Imports into Ghana

Women knitwear imports into Ghana contracted notably to X units in 2022, which is down by -37.1% against the previous year. In general, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2021 when imports increased by 418% against the previous year. As a result, imports attained the peak of X units, and then fell notably in the following year.

In value terms, women knitwear imports shrank rapidly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 198% against the previous year. As a result, imports attained the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of women knitwear to Ghana, with a approx. 98% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -4.0%.

In value terms, China ($X) constituted the largest supplier of women's or girls' clothing (knitted or crocheted) to Ghana.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest.

Import Prices by Country

The average women knitwear import price stood at $X per unit in 2022, picking up by 22% against the previous year. In general, the import price posted a moderate expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 77%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 +3.5% per year.

Source: IndexBox Platform

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