Western Africa: Footwear Market 2024

Footwear Market Size in Western Africa

The West African footwear market dropped to $X in 2022, shrinking by X% against the previous year. In general, consumption, however, posted temperate growth. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced in the following year.

Footwear Production in Western Africa

In value terms, footwear production fell slightly to $X in 2022 estimated in export price. Overall, production, however, saw slight growth. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Footwear Exports

Exports in Western Africa

In 2022, overseas shipments of footwear increased by X% to X pairs, rising for the second year in a row after seven years of decline. Over the period under review, exports, however, saw a deep slump. Over the period under review, the exports attained the maximum at X pairs in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, footwear exports surged to $X in 2022. In general, exports, however, saw a abrupt contraction. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire was the major exporting country with an export of about X pairs, which amounted to X% of total exports. It was distantly followed by Senegal (X pairs), creating an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to footwear exports from Cote d'Ivoire stood at X%. At the same time, Senegal (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Cote d'Ivoire and Senegal increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) emerged as the largest footwear supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports.

In Cote d'Ivoire, footwear exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Western Africa stood at $X per pair in 2022, with an increase of X% against the previous year. Overall, the export price posted a perceptible increase. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per pair), while Senegal stood at $X per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%).

Footwear Imports

Imports in Western Africa

After three years of growth, purchases abroad of footwear decreased by X% to X pairs in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X pairs, and then reduced sharply in the following year.

In value terms, footwear imports fell to $X in 2022. In general, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The level of import peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Guinea (X pairs) and Ghana (X pairs) were the largest importers of footwear in Western Africa, together achieving X% of total imports. It was distantly followed by Liberia (X pairs) and Mali (X pairs), together achieving a X% share of total imports. Sierra Leone (X pairs) and Cote d'Ivoire (X pairs) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mali (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) constitutes the largest market for imported footwear in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Guinea ($X), with a X% share of total imports. It was followed by Mali, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana totaled X%. In the other countries, the average annual rates were as follows: Guinea (X% per year) and Mali (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per pair in 2022, rising by X% against the previous year. In general, the import price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per pair in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per pair), while Liberia ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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