Product Code: ETC039457 | Publication Date: Jan 2021 | Updated Date: Jun 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Ghana Knitwear Market is projected to witness mixed growth rate patterns during 2025 to 2029. Commencing at 8.39% in 2025, growth builds up to 10.03% by 2029.
The Knitwear market in Ghana is projected to grow at a growing growth rate of 8.04% by 2027, within the Africa region led by Egypt, along with other countries like South Africa, Ethiopia, Algeria and Nigeria, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
The Ghana knitwear market is characterized by a growing demand for locally produced knitwear products, driven by factors such as increasing disposable income, changing fashion trends, and a preference for high-quality garments. Local knitwear manufacturers in Ghana are focusing on creating unique designs that cater to both domestic and international markets. The market is also witnessing a shift towards sustainable and eco-friendly knitwear products to align with global trends. Key players in the Ghana knitwear market are investing in technological advancements to enhance production efficiency and meet the rising consumer expectations for innovative designs and superior quality. Overall, the Ghana knitwear market presents opportunities for growth and expansion, with a strong emphasis on craftsmanship, sustainability, and meeting the evolving demands of consumers.
In the Ghana Knitwear Market, there is a growing trend towards sustainable and ethically produced knitwear. Consumers are increasingly looking for products that are eco-friendly, made from organic or recycled materials, and produced under fair labor conditions. This shift towards sustainability is driving knitwear brands in Ghana to adopt more environmentally friendly practices in their manufacturing processes and supply chains. Additionally, there is a rising interest in unique, handcrafted knitwear pieces that showcase traditional Ghanaian weaving techniques and patterns. This emphasis on authenticity and craftsmanship is appealing to consumers seeking one-of-a-kind knitwear items that reflect the country`s rich cultural heritage. Overall, the Ghana Knitwear Market is evolving to cater to the demand for sustainable, ethically made, and culturally significant knitwear products.
In the Ghana knitwear market, several challenges are prevalent. One major issue is the competition from imported knitwear products, which often flood the market with lower-priced alternatives, making it difficult for local producers to compete. Additionally, inadequate infrastructure and limited access to modern technology hinder the efficiency and productivity of knitwear manufacturers in Ghana. Furthermore, the lack of skilled labor and specialized training in knitwear production creates difficulties in maintaining quality standards and meeting the demands of the market. These challenges collectively impact the growth and sustainability of the Ghana knitwear industry, requiring strategic interventions and support to enhance competitiveness and promote local production in the market.
The Ghana knitwear market presents lucrative investment opportunities due to a growing demand for quality knitwear products in the country. With the increasing trend towards fashion-conscious consumers and a rising middle-class population, there is a significant market for knitwear items such as sweaters, cardigans, scarves, and hats. Investors can capitalize on this by establishing or partnering with knitwear manufacturers in Ghana to cater to both the local market and potentially export to neighboring countries. Additionally, there is a growing interest in sustainable and ethically produced knitwear, providing an avenue for investors to focus on environmentally friendly practices to attract conscious consumers. Overall, investing in the Ghana knitwear market offers the potential for sustainable growth and profitability in a sector with favorable market dynamics.
Government policies related to the Ghana knitwear market focus on promoting local production, job creation, and export expansion. The government has implemented various initiatives to support the growth of the knitwear industry, such as providing tax incentives for knitwear manufacturers, offering training programs for local artisans, and facilitating access to finance for small and medium-sized enterprises in the sector. Additionally, the government has established trade agreements with key export markets to boost knitwear exports and increase market access for Ghanaian knitwear products. Overall, the government is actively working to strengthen the knitwear industry in Ghana through supportive policies and programs aimed at driving economic growth and competitiveness in the global market.
The Ghana knitwear market is poised for growth in the near future as a result of increasing consumer demand for comfortable and versatile clothing options. With a rising middle class and a growing fashion consciousness among the population, there is a growing trend towards casual and athleisure wear, driving the demand for knitwear products. Additionally, the government`s efforts to promote the local textile and garment industry through initiatives such as the "One District, One Factory" program are expected to further boost the production and availability of knitwear in the market. International collaborations and partnerships with global fashion brands are also likely to contribute to the market expansion. Overall, the outlook for the Ghana knitwear market appears promising, with opportunities for both local manufacturers and international brands to capitalize on the growing demand.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Ghana Knitwear Market Market Overview |
3.1 Ghana Country Macro Economic Indicators |
3.2 Ghana Knitwear Market Market Revenues & Volume, 2019 & 2026F |
3.3 Ghana Knitwear Market Market - Industry Life Cycle |
3.4 Ghana Knitwear Market Market - Porter's Five Forces |
3.5 Ghana Knitwear Market Market Revenues & Volume Share, By Product Type, 2019 & 2026F |
3.6 Ghana Knitwear Market Market Revenues & Volume Share, By Material Type, 2019 & 2026F |
3.7 Ghana Knitwear Market Market Revenues & Volume Share, By Applications, 2019 & 2026F |
3.8 Ghana Knitwear Market Market Revenues & Volume Share, By Consumer Group, 2019 & 2026F |
3.9 Ghana Knitwear Market Market Revenues & Volume Share, By Distribution Channel, 2019 & 2026F |
4 Ghana Knitwear Market Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Ghana Knitwear Market Market Trends |
6 Ghana Knitwear Market Market, By Types |
6.1 Ghana Knitwear Market Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Ghana Knitwear Market Market Revenues & Volume, By Product Type, 2016 - 2026F |
6.1.3 Ghana Knitwear Market Market Revenues & Volume, By Innerwear, 2016 - 2026F |
6.1.4 Ghana Knitwear Market Market Revenues & Volume, By T-Shirts & Shirts, 2016 - 2026F |
6.1.5 Ghana Knitwear Market Market Revenues & Volume, By Sweaters & Jackets, 2016 - 2026F |
6.1.6 Ghana Knitwear Market Market Revenues & Volume, By Sweatshirts & Hoodies, 2016 - 2026F |
6.1.7 Ghana Knitwear Market Market Revenues & Volume, By Shorts & Trousers, 2016 - 2026F |
6.1.8 Ghana Knitwear Market Market Revenues & Volume, By Evening Dresses, Suits, & Leggings, 2016 - 2026F |
6.2 Ghana Knitwear Market Market, By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Ghana Knitwear Market Market Revenues & Volume, By Natural, 2016 - 2026F |
6.2.3 Ghana Knitwear Market Market Revenues & Volume, By Synthetic, 2016 - 2026F |
6.2.4 Ghana Knitwear Market Market Revenues & Volume, By Blended, 2016 - 2026F |
6.3 Ghana Knitwear Market Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Ghana Knitwear Market Market Revenues & Volume, By Outerwear, 2016 - 2026F |
6.3.3 Ghana Knitwear Market Market Revenues & Volume, By Innerwear, 2016 - 2026F |
6.3.4 Ghana Knitwear Market Market Revenues & Volume, By Sportswear, 2016 - 2026F |
6.3.5 Ghana Knitwear Market Market Revenues & Volume, By Others, 2016 - 2026F |
6.4 Ghana Knitwear Market Market, By Consumer Group |
6.4.1 Overview and Analysis |
6.4.2 Ghana Knitwear Market Market Revenues & Volume, By Men, 2016 - 2026F |
6.4.3 Ghana Knitwear Market Market Revenues & Volume, By Women, 2016 - 2026F |
6.4.4 Ghana Knitwear Market Market Revenues & Volume, By Kids, 2016 - 2026F |
6.5 Ghana Knitwear Market Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Ghana Knitwear Market Market Revenues & Volume, By Online, 2016 - 2026F |
6.5.3 Ghana Knitwear Market Market Revenues & Volume, By Offline, 2016 - 2026F |
7 Ghana Knitwear Market Market Import-Export Trade Statistics |
7.1 Ghana Knitwear Market Market Export to Major Countries |
7.2 Ghana Knitwear Market Market Imports from Major Countries |
8 Ghana Knitwear Market Market Key Performance Indicators |
9 Ghana Knitwear Market Market - Opportunity Assessment |
9.1 Ghana Knitwear Market Market Opportunity Assessment, By Product Type, 2019 & 2026F |
9.2 Ghana Knitwear Market Market Opportunity Assessment, By Material Type, 2019 & 2026F |
9.3 Ghana Knitwear Market Market Opportunity Assessment, By Applications, 2019 & 2026F |
9.4 Ghana Knitwear Market Market Opportunity Assessment, By Consumer Group, 2019 & 2026F |
9.5 Ghana Knitwear Market Market Opportunity Assessment, By Distribution Channel, 2019 & 2026F |
10 Ghana Knitwear Market Market - Competitive Landscape |
10.1 Ghana Knitwear Market Market Revenue Share, By Companies, 2024 |
10.2 Ghana Knitwear Market Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |