Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Ghana - 2022

Contents:

  1. Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Ghana (CIF) - 2022
  2. Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Ghana (FOB) - 2022
  3. Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Ghana
  4. Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Ghana

Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Ghana (CIF) - 2022

In 2022, the average import price for track suits; of synthetic fibres, knitted or crocheteds amounted to $9.6 per unit, falling by -23.3% against the previous year. In general, the import price saw a pronounced decline. The pace of growth appeared the most rapid in 2014 when the average import price increased by 10% against the previous year. As a result, import price reached the peak level of $16 per unit. From 2015 to 2022, the average import prices remained at a 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 UK ($66 per unit), while the price for Togo ($0.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Ghana (FOB) - 2022

In 2022, the average export price for track suits; of synthetic fibres, knitted or crocheteds amounted to $15 per unit, dropping by -18.8% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 0.5% against the previous year. Over the period under review, the average export prices attained the peak figure at $18 per unit in 2021, and then fell remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($26 per unit), while the average price for exports to South Africa totaled $7.6 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+46.3%).

Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Ghana

Imports of track suits; of synthetic fibres, knitted or crocheteds into Ghana skyrocketed to 2.6K units in 2022, jumping by 89% compared with the year before. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of track suits; of synthetic fibres, knitted or crocheteds soared to $25K in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4.64.76.912.439.2%
Pakistan1.40.90.62.521.3%
United StatesN/A0.82.12.265.8%
Turkey0.20.10.21.9111.8%
India0.20.20.51.491.3%
United Arab Emirates1.72.43.91.3-8.6%
South Africa0.20.20.20.314.5%
Togo0.10.10.10.10.0%
Portugal0.93.1N/AN/A244.4%
Others2.21.92.72.88.4%
Total11.514.417.224.929.4%

Top Suppliers of Track Suits; of Synthetic Fibres, Knitted or Crocheted to Ghana in 2022:

  1. China (1043.0 units)
  2. Turkey (515.0 units)
  3. Pakistan (336.0 units)
  4. Togo (178.0 units)
  5. United States (148.0 units)
  6. India (143.0 units)
  7. South Africa (51.0 units)
  8. United Arab Emirates (47.0 units)

Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Ghana

In 2022, the amount of track suits; of synthetic fibres, knitted or crocheteds exported from Ghana surged to 8 units, with an increase of 700% against the year before. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of track suits; of synthetic fibres, knitted or crocheteds surged to $117 in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Ghana (USD)
COUNTRY20212022CAGR,
2021-2022
Switzerland18.079.0338.9%
South AfricaN/A38.00%
OthersN/AN/A0%
Total18.0117550.0%

Top Export Markets for Track Suits; of Synthetic Fibres, Knitted or Crocheted from Ghana in 2022:

  1. South Africa (5.0 units)
  2. Switzerland (3.0 units)

Source: IndexBox Market Intelligence Platform

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