Western Africa: Waterproof Footwear Market 2025

Waterproof Footwear Market Size in Western Africa

In 2022, the West African waterproof footwear market decreased by -0.9% to $X for the first time since 2017, thus ending a four-year rising trend. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Waterproof Footwear Production in Western Africa

In value terms, waterproof footwear production stood at $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Waterproof Footwear Exports

Exports in Western Africa

In 2022, shipments abroad of waterproof footwear increased by 259% to X pairs for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, continue to indicate a sharp downturn. The growth pace was the most rapid in 2017 with an increase of 271%. The volume of export peaked at X pairs in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, waterproof footwear exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 235% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Gambia prevails in exports structure, resulting at X pairs, which was near 78% of total exports in 2022. It was distantly followed by Ghana (X pairs), achieving an 8.4% share of total exports. The following exporters - Cote d'Ivoire (X pairs), Nigeria (X pairs) and Senegal (X pairs) - together made up 10% of total exports.

Gambia was also the fastest-growing in terms of the waterproof footwear exports, with a CAGR of +59.5% from 2012 to 2022. At the same time, Ghana (+8.5%) and Senegal (+2.4%) displayed positive paces of growth. By contrast, Nigeria (-18.5%) and Cote d'Ivoire (-43.3%) illustrated a downward trend over the same period. Gambia (+78 p.p.), Ghana (+8 p.p.) and Senegal (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire saw its share reduced by -91.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Gambia ($X) remains the largest waterproof footwear supplier in Western Africa, comprising 62% of total exports. The second position in the ranking was taken by Ghana ($X), with a 13% share of total exports. It was followed by Cote d'Ivoire, with an 8.4% share.

In Gambia, waterproof footwear exports expanded at an average annual rate of +52.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (+13.0% per year) and Cote d'Ivoire (-38.6% per year).

Export Prices by Country

The export price in Western Africa stood at $X per pair in 2022, dropping by -21.8% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 197%. Over the period under review, the export prices reached the peak figure at $X per pair in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per pair), while Senegal ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+8.3%), while the other leaders experienced more modest paces of growth.

Waterproof Footwear Imports

Imports in Western Africa

In 2022, overseas purchases of waterproof footwear decreased by -6.7% to X pairs for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, continue to indicate notable growth. The pace of growth was the most pronounced in 2019 when imports increased by 89% against the previous year. Over the period under review, imports attained the peak figure at X pairs in 2021, and then declined in the following year.

In value terms, waterproof footwear imports reduced to $X in 2022. Overall, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2019 when imports increased by 59%. Over the period under review, imports attained the maximum at $X in 2021, and then declined in the following year.

Imports by Country

Ghana represented the largest importer of waterproof footwear in Western Africa, with the volume of imports reaching X pairs, which was near 59% of total imports in 2022. Mauritania (X pairs) ranks second in terms of the total imports with a 16% share, followed by Guinea (7.6%) and Liberia (5.3%). The following importers - Cote d'Ivoire (X pairs), Senegal (X pairs) and Mali (X pairs) - together made up 6.8% of total imports.

Ghana was also the fastest-growing in terms of the waterproof footwear imports, with a CAGR of +15.4% from 2012 to 2022. At the same time, Mauritania (+7.2%) and Guinea (+1.9%) displayed positive paces of growth. By contrast, Cote d'Ivoire (-2.7%), Liberia (-6.5%), Senegal (-7.2%) and Mali (-7.6%) illustrated a downward trend over the same period. While the share of Ghana (+37 p.p.) and Mauritania (+3.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Guinea (-2.3 p.p.), Cote d'Ivoire (-2.8 p.p.), Mali (-4.4 p.p.), Senegal (-5.6 p.p.) and Liberia (-11.3 p.p.) displayed negative dynamics.

In value terms, Ghana ($X) constitutes the largest market for imported waterproof footwear in Western Africa, comprising 52% of total imports. The second position in the ranking was taken by Mauritania ($X), with a 22% share of total imports. It was followed by Liberia, with a 6.7% share.

In Ghana, waterproof footwear imports expanded at an average annual rate of +14.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mauritania (+9.8% per year) and Liberia (+3.2% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per pair, shrinking by -6.6% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 19%. Over the period under review, import prices hit record highs at $X per pair in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Senegal ($X per pair), while Guinea ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Liberia (+10.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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