Ghana: Leather Footwear Market 2024

Leather Footwear Market Size in Ghana

After three years of growth, the Ghanian leather footwear market decreased by X% to $X in 2022. In general, consumption, however, saw resilient growth. Over the period under review, the market hit record highs at $X in 2021, and then contracted significantly in the following year.

Leather Footwear Exports

Exports from Ghana

In 2022, leather footwear exports from Ghana shrank to X pairs, waning by X% against the previous year. Overall, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X pairs in 2021, and then reduced in the following year.

In value terms, leather footwear exports declined remarkably to $X in 2022. In general, exports, however, saw a moderate expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X pairs) was the main destination for leather footwear exports from Ghana, accounting for a X% share of total exports. Moreover, leather footwear exports to the United States exceeded the volume sent to the second major destination, Lesotho (X pairs), threefold. South Africa (X pairs) ranked third in terms of total exports with an X% share.

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

In value terms, the United States ($X), Burkina Faso ($X) and the Netherlands ($X) constituted the largest markets for leather footwear exported from Ghana worldwide, with a combined X% share of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average leather footwear export price amounted to $X per pair, which is down by X% against the previous year. Overall, the export price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per pair in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per pair), while the average price for exports to Lesotho ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Footwear Imports

Imports into Ghana

In 2022, after three years of growth, there was significant decline in supplies from abroad of leather footwear, when their volume decreased by X% to X pairs. In general, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X pairs in 2021, and then fell rapidly in the following year.

In value terms, leather footwear imports contracted significantly to $X in 2022. Over the period under review, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then dropped sharply in the following year.

Imports by Country

In 2022, the United Arab Emirates (X pairs) constituted the largest leather footwear supplier to Ghana, accounting for a X% share of total imports. Moreover, leather footwear imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X pairs), sixfold.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average leather footwear import price amounted to $X per pair, approximately reflecting the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, leather footwear import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per pair in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per pair), while the price for India ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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