Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ghana - 2022
Contents:
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ghana (CIF) - 2022
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ghana (FOB) - 2022
- Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ghana
- Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ghana
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ghana (CIF) - 2022
The average import price for articles of apparel and clothing accessories, of leather or of composition leather stood at $10 per unit in 2022, rising by 17% against the previous year. Over the period under review, the import price recorded a resilient increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 67%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
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 China ($11 per unit), while the price for Canada ($1.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ghana (FOB) - 2022
The average export price for articles of apparel and clothing accessories, of leather or of composition leather stood at $9 per unit in 2022, reducing by -36% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 47%. As a result, the export price reached the peak level of $14 per unit, and then contracted markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($174 per unit), while the average price for exports to Niger ($0.8 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 Norway (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ghana
Imports of articles of apparel and clothing accessories, of leather or of composition leather into Ghana contracted to 93K units in 2022, reducing by -13.9% on 2021. Overall, imports continue to indicate a precipitous decline. The smallest decline of -5.2% was in 2021. Over the period under review, imports of hit record highs at 232K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather reached $921K in 2022. Over the period under review, imports faced a deep setback. Over the period under review, imports of attained the peak figure at $1.4M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 693 | 311 | 241 | 430 | -14.7% |
| United Arab Emirates | 18.6 | 44.9 | 89.3 | 69.6 | 55.3% |
| Italy | 15.8 | 64.1 | 73.7 | 49.7 | 46.5% |
| Germany | 9.9 | 26.1 | 21.8 | 48.9 | 70.3% |
| India | 219 | 10.8 | 46.2 | 41.1 | -42.7% |
| Brazil | 1.2 | 20.8 | 39.3 | 35.1 | 208.1% |
| United Kingdom | 181 | 43.7 | 98.4 | 11.6 | -60.0% |
| Canada | 5.1 | 14.9 | 5.5 | 5.9 | 5.0% |
| Others | 295 | 389 | 303 | 229 | -8.1% |
| Total | 1,438 | 925 | 917 | 921 | -13.8% |
Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to Ghana in 2022:
- China (38.5K units)
- Italy (14.5K units)
- United Arab Emirates (8.3K units)
- India (7.3K units)
- Germany (5.7K units)
- Canada (3.7K units)
- Brazil (3.2K units)
- United Kingdom (1.8K units)
Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ghana
Exports of articles of apparel and clothing accessories, of leather or of composition leather from Ghana soared to 1.5K units in 2022, with an increase of 134% against 2021 figures. Overall, exports enjoyed a resilient increase. Over the period under review, the exports of hit record highs at 1.8K units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather soared to $13K in 2022. In general, total exports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -25.0% against 2020 indices. The exports peaked at $18K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
| Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 5.9 | 7.0 | 3.9 | 5.4 | -2.9% |
| Angola | N/A | N/A | N/A | 1.9 | 0% |
| Guinea | 2.1 | 2.5 | 1.3 | 1.8 | -5.0% |
| Cote d'Ivoire | 0.3 | 4.7 | 0.5 | 1.5 | 71.0% |
| Burkina Faso | 1.3 | 1.1 | 0.3 | 0.7 | -18.6% |
| United States | 0.4 | 0.5 | 0.2 | 0.3 | -9.1% |
| Togo | N/A | N/A | N/A | 0.2 | 0% |
| Germany | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Mali | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Niger | N/A | 0.2 | 0.1 | 0.1 | -29.3% |
| Nigeria | 1.5 | 0.6 | 0.2 | 0.1 | -59.5% |
| Denmark | 0.1 | N/A | N/A | N/A | 0% |
| Others | 0.7 | 0.9 | 2.2 | 1.2 | 19.7% |
| Total | 12.8 | 17.7 | 8.9 | 13.3 | 1.3% |
Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from Ghana in 2022:
- Cote d'Ivoire (431.0 units)
- Burkina Faso (340.0 units)
- Togo (162.0 units)
- Angola (158.0 units)
- Mali (109.0 units)
- Niger (80.0 units)
- Germany (39.0 units)
- Norway (31.0 units)
- United States (25.0 units)
- Guinea (15.0 units)
- Nigeria (8.0 units)
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