Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Ghana - 2022

Contents:

1. Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Ghana (CIF) - 2022
2. Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Ghana (FOB) - 2022
3. Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Ghana
4. Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Ghana

Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Ghana (CIF) - 2022

In 2022, the average import price for articles of apparel, clothing accessories and other articles of furskin amounted to $35 per unit, surging by 33% against the previous year. Overall, the import price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 153% against the previous year. The import price peaked at $63 per unit in 2012; however, from 2013 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 Italy ($133 per unit), while the price for the United States ($5.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+41.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Ghana (FOB) - 2022

In 2022, the average export price for articles of apparel, clothing accessories and other articles of furskin amounted to $29 per unit, falling by -53% against the previous year. Over the period under review, the export price showed a sharp curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 741% against the previous year. Over the period under review, the average export prices reached the maximum at $401 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($46 per unit), while the average price for exports to Switzerland ($3 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 Togo (+5.6%), while the prices for the other major destinations experienced a decline.

Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Ghana

In 2022, supplies from abroad of articles of apparel, clothing accessories and other articles of furskin decreased by -38.8% to 734 units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 249%. Over the period under review, imports of hit record highs at 1.2K units in 2021, and then dropped markedly in the following year.

In value terms, imports of articles of apparel, clothing accessories and other articles of furskin contracted markedly to $25K in 2022. In general, imports, however, showed significant growth. The growth pace was the most rapid in 2020 with an increase of 178%. Imports peaked at $31K in 2021, and then contracted remarkably in the following year.

Top Suppliers of Articles of Apparel, Clothing Accessories and Other Articles of Furskin to Ghana in 2022:

1. India (368.0 units)
2. China (122.0 units)
3. United States (119.0 units)
4. United Kingdom (49.0 units)
5. Germany (40.0 units)
6. Italy (19.0 units)
7. South Africa (1.0 units)

Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Ghana

Exports of articles of apparel, clothing accessories and other articles of furskin from Ghana skyrocketed to 6 units in 2022, jumping by 100% against 2021. Overall, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of articles of apparel, clothing accessories and other articles of furskin contracted to $171 in 2022. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 180% against the previous year. The exports peaked at $182 in 2021, and then contracted in the following year.

Top Export Markets for Articles of Apparel, Clothing Accessories and Other Articles of Furskin from Ghana in 2022:

1. Canada (1.0 units)
2. Netherlands (1.0 units)
3. Tanzania (1.0 units)
4. Germany (1.0 units)
5. Ireland (1.0 units)
6. Switzerland (1.0 units)

Source: IndexBox Market Intelligence Platform