Price for Clothing; Parts, Knitted or Crocheted in Ghana - 2023

Contents:

1. Price for Clothing; Parts, Knitted or Crocheted in Ghana (CIF) - 2022
2. Price for Clothing; Parts, Knitted or Crocheted in Ghana (FOB) - 2022
3. Imports of Clothing; Parts, Knitted or Crocheted in Ghana
4. Exports of Clothing; Parts, Knitted or Crocheted in Ghana

Price for Clothing; Parts, Knitted or Crocheted in Ghana (CIF) - 2022

In 2022, the average import price for clothing; parts, knitted or crocheted amounted to $5,179 per ton, rising by 68% against the previous year. Overall, the import price saw a measured increase. The most prominent rate of growth was recorded in 2013 an increase of 473% against the previous year. As a result, import price reached the peak level of $18,842 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($7,257 per ton), while the price for China totaled $4,896 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+153.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clothing; Parts, Knitted or Crocheted in Ghana (FOB) - 2022

The average export price for clothing; parts, knitted or crocheted stood at $39,691 per ton in 2022, with a decrease of -6.9% against the previous year. Over the period under review, the export price, however, recorded a significant increase. The growth pace was the most rapid in 2021 when the average export price increased by 5,037%. As a result, the export price attained the peak level of $42,636 per ton, and then contracted 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 the UK ($49,045 per ton), while the average price for exports to Singapore totaled $2,273 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+9.1%), while the prices for the other major destinations experienced a decline.

Imports of Clothing; Parts, Knitted or Crocheted in Ghana

In 2022, clothing; parts, knitted or crocheted imports into Ghana surged to 414 tons, with an increase of 127% on the previous year's figure. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, clothing; parts, knitted or crocheted imports skyrocketed to $2.1M in 2022. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Clothing; Parts, Knitted or Crocheted to Ghana in 2022:

1. China (364.1 tons)
2. Hong Kong SAR (49.7 tons)

Exports of Clothing; Parts, Knitted or Crocheted in Ghana

In 2022, the amount of clothing; parts, knitted or crocheted exported from Ghana skyrocketed to 55 kg, picking up by 400% on the previous year's figure. Over the period under review, exports, however, showed a dramatic decrease.

In value terms, clothing; parts, knitted or crocheted exports surged to $2.2K in 2022. In general, exports, however, saw a deep reduction.

Top Export Markets for Clothing; Parts, Knitted or Crocheted from Ghana in 2022:

1. United Kingdom (44.0 kg)
2. Singapore (11.0 kg)

Source: IndexBox Market Intelligence Platform