Price for Embroidery; in the Piece, in Strips or in Motifs in Ghana - 2023

Contents:

1. Price for Embroidery; in the Piece, in Strips or in Motifs in Ghana (CIF) - 2022
2. Price for Embroidery; in the Piece, in Strips or in Motifs in Ghana (FOB) - 2022
3. Imports of Embroidery; in the Piece, in Strips or in Motifs in Ghana
4. Exports of Embroidery; in the Piece, in Strips or in Motifs in Ghana

Price for Embroidery; in the Piece, in Strips or in Motifs in Ghana (CIF) - 2022

The average import price for embroidery; in the piece, in strips or in motifses stood at $10,582 per ton in 2022, rising by 6.7% against the previous year. Overall, the import price recorded significant growth. The growth pace was the most rapid in 2013 when the average import price increased by 1,015% against the previous year. Over the period under review, average import prices hit record highs at $11,839 per ton in 2018; however, from 2019 to 2022, 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 China ($11,681 per ton), while the price for Togo ($1,737 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Embroidery; in the Piece, in Strips or in Motifs in Ghana (FOB) - 2022

In 2022, the average export price for embroidery; in the piece, in strips or in motifses amounted to $2,659 per ton, dropping by -49% against the previous year. In general, the export price saw a precipitous descent. The growth pace was the most rapid in 2015 when the average export price increased by 4,537%. As a result, the export price attained the peak level of $1,380,909 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

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 Turkey ($19,143 per ton), while the average price for exports to Cote d'Ivoire totaled $317 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (-64.0%), while the prices for the other major destinations experienced a decline.

Imports of Embroidery; in the Piece, in Strips or in Motifs in Ghana

In 2022, supplies from abroad of embroidery; in the piece, in strips or in motifses decreased by -19% to 672 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, posted a significant increase.

In value terms, imports of embroidery; in the piece, in strips or in motifses dropped to $7.1M in 2022. Overall, imports, however, posted significant growth.

Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to Ghana in 2022:

1. China (242.0 tons)
2. Pakistan (80.9 tons)
3. Togo (8.8 tons)
4. Hong Kong SAR (2.3 tons)

Exports of Embroidery; in the Piece, in Strips or in Motifs in Ghana

In 2022, after three years of growth, there was significant decline in shipments abroad of embroidery; in the piece, in strips or in motifses, when their volume decreased by -50% to 129 kg. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 1,088% against the previous year.

In value terms, exports of embroidery; in the piece, in strips or in motifses shrank sharply to $343 in 2022. Overall, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 413% against the previous year. As a result, the exports attained the peak of $1.3K, and then declined rapidly in the following year.

Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from Ghana in 2022:

1. Cote d'Ivoire (120.0 kg)
2. Turkey (7.0 kg)

Source: IndexBox Market Intelligence Platform