Western Africa: Waterproof Footwear Market 2024

Waterproof Footwear Market Size in Western Africa

In 2022, the West African waterproof footwear market increased by X% to $X, rising for the third year in a row after five years of decline. In general, consumption recorded a perceptible slump. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Waterproof Footwear Production in Western Africa

In value terms, waterproof footwear production declined to $X in 2022 estimated in export price. Overall, production recorded a perceptible shrinkage. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Waterproof Footwear Exports

Exports in Western Africa

In 2022, overseas shipments of waterproof footwear increased by X% to X pairs for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X pairs in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, waterproof footwear exports skyrocketed to $X in 2022. In general, exports, however, showed a dramatic downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Gambia dominates exports structure, amounting to X pairs, which was approx. X% of total exports in 2022. It was distantly followed by Ghana (X pairs), mixing up a X% share of total exports. Mauritania (X pairs) held a little share of total exports.

Gambia was also the fastest-growing in terms of the waterproof footwear exports, with a CAGR of X% from 2012 to 2022. Ghana (X%) and Mauritania (X%) illustrated a downward trend over the same period. While the share of Gambia (X p.p.) and Mauritania (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, the largest waterproof footwear supplying countries in Western Africa were Gambia ($X), Ghana ($X) and Mauritania ($X), with a combined X% share of total exports.

Gambia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per pair in 2022, waning by X% against the previous year. Overall, the export price, however, continues to indicate a pronounced increase. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per pair in 2021, and then dropped significantly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per pair), while Gambia ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced mixed trends in the export price figures.

Waterproof Footwear Imports

Imports in Western Africa

In 2022, imports of waterproof footwear in Western Africa contracted to X pairs, shrinking by X% compared with 2021. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked at X pairs in 2021, and then fell slightly in the following year.

In value terms, waterproof footwear imports totaled $X in 2022. Overall, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Ghana represented the key importing country with an import of about X pairs, which recorded X% of total imports. Mauritania (X pairs) held the second position in the ranking, followed by Liberia (X pairs) and Guinea (X pairs). All these countries together held near X% share of total imports. Senegal (X pairs) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to waterproof footwear imports into Ghana stood at X%. At the same time, Guinea (X%), Mauritania (X%) and Liberia (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Senegal experienced a relatively flat trend pattern. Ghana (X p.p.), Guinea (X p.p.) and Mauritania (X p.p.) significantly strengthened its position in terms of the total imports, while Senegal and Liberia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest waterproof footwear importing markets in Western Africa were Ghana ($X), Mauritania ($X) and Senegal ($X), with a combined X% share of total imports. Liberia and Guinea lagged somewhat behind, together comprising a further X%.

Guinea, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per pair in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per pair in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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