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The Ghanian athletic footwear market rose to $60M in 2024, surging by 1.8% against the previous year. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Athletic footwear consumption peaked in 2024 and is expected to retain growth in years to come.
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The Ghanian footwear market plummeted to $679M in 2024, reducing by -18.5% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $1.1B in 2019; however, from 2020 to 2024, consumption remained at a lower figure.
The Footwear eCommerce market in Ghana is predicted to reach US$51.6m revenue by 2025, reflecting an estimated growth rate of 10% compared to 2024.
The Flat Shoes eCommerce market in Ghana is predicted to reach US$4.2m revenue by 2025, reflecting an estimated growth rate of 17% compared to 2024.
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In 2024, the Ghanian waterproof footwear market decreased by -5% to $11M, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a pronounced decrease. As a result, consumption attained the peak level of $27M. From 2015 to 2024, the growth of the market remained at a lower figure.
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In 2024, the Ghanian footwear treatments market was finally on the rise to reach $1.3M for the first time since 2021, thus ending a two-year declining trend. Overall, consumption showed a tangible increase. As a result, consumption reached the peak level of $2.1M. From 2022 to 2024, the growth of the market failed to regain momentum.
The Sandals eCommerce market in Ghana is predicted to reach US$7.1m revenue by 2025, reflecting an estimated growth rate of 11% compared to 2024.
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Statistics illustrates market overview of footwear; waterproof, covering the ankle (but not the knee), rubber or plastic outer soles and uppers (not assembled by stitch, rivet, nail, screw, plug or similar) in Ghana from 2007 to 2024.
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In 2024, the Ghanian market for footwear with uppers of textile materials decreased by -1% to $118M, falling for the second consecutive year after two years of growth. Overall, consumption saw a noticeable increase. As a result, consumption attained the peak level of $253M. From 2019 to 2024, the growth of the market failed to regain momentum.
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In 2023, approx. 189K pairs of athletic footwear were imported into Ghana; increasing by 7.2% on 2022.
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In 2024, the Ghanian footwear making machinery market decreased by -52.2% to $91K, falling for the second consecutive year after two years of growth. Overall, consumption, however, showed a deep reduction. As a result, consumption attained the peak level of $2.7M. From 2023 to 2024, the growth of the market failed to regain momentum.
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For the sixth year in a row, the Ghanian ski footwear market recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of X% from 2012 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Ski footwear consumption peaked in 2020 and is expected to retain growth in years to come.
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The Ghanian leather footwear market stood at $X in 2017, remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a abrupt contraction. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. Ghana consumption peaked at $X in 2007; however, from 2008 to 2017, consumption failed to regain the momentum.
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Footwear treatments imports into Ghana shrank to 1.1K tons in 2023, with a decrease of -13% against the year before.
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The Ghanian market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap fell rapidly to $236M in 2024, waning by -39.9% against the previous year. Over the period under review, consumption saw a slight decrease. As a result, consumption attained the peak level of $584M. From 2022 to 2024, the growth of the market remained at a somewhat lower figure.
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In 2023, overseas purchases of machinery for making or repairing footwear decreased by -91% to 99 units for the first time since 2020, thus ending a two-year rising trend.
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Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
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The Ghanian athletic footwear market rose to $60M in 2024, surging by 1.8% against the previous year. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Athletic footwear consumption peaked in 2024 and is expected to retain growth in years to come.