Product Code: ETC012016 | Publication Date: Oct 2020 | Updated Date: Jun 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Ghana Women`S Footwear market currently, in 2023, has witnessed an HHI of 4724, Which has decreased slightly as compared to the HHI of 7180 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Ghana Women`s Footwear Market is a growing sector driven by increasing urbanization, rising disposable incomes, and changing fashion trends. Traditional footwear like sandals, slippers, and flats remain popular among Ghanaian women, while there is a noticeable shift towards more modern styles such as heels, sneakers, and boots. Domestic manufacturers compete with imported brands, with a focus on quality, comfort, and affordability. The market also reflects a preference for versatile footwear that can be worn for both formal and casual occasions. Retail outlets, online platforms, and local markets serve as key distribution channels for women`s footwear in Ghana. With a young and fashion-conscious population, the market presents opportunities for both local and international footwear brands to cater to the diverse needs and preferences of Ghanaian women.
The Ghana Women`s Footwear Market is currently experiencing a shift towards more sustainable and ethically sourced products. Consumers are increasingly seeking out brands that prioritize environmental and social responsibility in their manufacturing processes. Additionally, there is a growing demand for versatile and multi-functional footwear that can easily transition from casual to formal settings. This trend is driving the popularity of comfortable yet stylish options such as sneakers, loafers, and block-heeled sandals. In terms of design, there is a preference for bold colors, unique textures, and statement details that allow women to express their individuality. E-commerce is also playing a significant role in the market, with more consumers turning to online shopping for convenience and a wider selection of footwear options.
Some challenges faced in the Ghana Women`s Footwear Market include inconsistent product quality from local manufacturers, limited access to affordable raw materials, and high import tariffs on footwear. Local manufacturers often struggle to maintain consistent quality standards due to factors such as limited resources and technical expertise. Additionally, the high cost of importing raw materials can hinder the growth of domestic footwear production, leading to reliance on imported products. Furthermore, high import tariffs on footwear can make foreign brands less competitive in the Ghanaian market, limiting consumer choice and potentially driving up prices. Overall, addressing these challenges through improved local production capabilities, increased access to affordable materials, and trade policy reforms could help drive growth and innovation in the Ghana Women`s Footwear Market.
The Ghana Women`s Footwear Market presents promising investment opportunities due to the increasing demand for fashionable and high-quality footwear among women in the country. With a growing middle-class population and rising disposable incomes, there is a shift towards purchasing more sophisticated and trendy footwear options. Investors can explore opportunities in manufacturing and retailing women`s shoes, particularly focusing on producing locally-made, sustainable, and culturally-inspired footwear designs to cater to the preferences of Ghanaian consumers. Additionally, there is potential for e-commerce platforms to thrive in this market by offering a convenient and diverse selection of women`s footwear. Collaborating with local designers and artisans to create unique and ethically-produced footwear can also differentiate brands and attract a loyal customer base in the Ghanaian market.
The Ghanaian government does not have specific policies targeted towards the women`s footwear market. However, the government has implemented broader initiatives to support the growth of the overall textile and apparel industry, which indirectly impacts the women`s footwear market. These initiatives include the "One District, One Factory" program aimed at promoting industrialization, the Ghana EXIM Bank`s support for the textile industry, and the establishment of industrial parks to attract foreign investment in the sector. Additionally, the government has made efforts to improve infrastructure and reduce trade barriers to enhance the competitiveness of the industry as a whole, which can benefit women`s footwear manufacturers and retailers in Ghana.
The future outlook for the Ghana Women`s Footwear Market appears promising due to increasing disposable income, changing fashion trends, and growing awareness of global brands. With a rising middle-class population and a growing emphasis on personal style, there is a growing demand for a variety of footwear options among Ghanaian women. Additionally, the proliferation of e-commerce platforms and social media influence is making it easier for consumers to access a wider range of footwear products. Domestic manufacturers and international brands are likely to capitalize on these opportunities by offering innovative designs, sustainable materials, and competitive pricing to cater to the evolving preferences of Ghanaian women. Overall, the market is expected to witness steady growth and expansion in the coming years, driven by factors such as urbanization, digitalization, and changing consumer preferences.
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 Women's Footwear Market Overview |
3.1 Ghana Country Macro Economic Indicators |
3.2 Ghana Women's Footwear Market Revenues & Volume, 2019 & 2026F |
3.3 Ghana Women's Footwear Market - Industry Life Cycle |
3.4 Ghana Women's Footwear Market - Porter's Five Forces |
3.5 Ghana Women's Footwear Market Revenues & Volume Share, By Product Type, 2019 & 2026F |
3.6 Ghana Women's Footwear Market Revenues & Volume Share, By Material Type, 2019 & 2026F |
3.7 Ghana Women's Footwear Market Revenues & Volume Share, By Distribution Channel, 2019 & 2026F |
4 Ghana Women's Footwear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Ghana Women's Footwear Market Trends |
6 Ghana Women's Footwear Market, By Types |
6.1 Ghana Women's Footwear Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Ghana Women's Footwear Market Revenues & Volume, By Product Type, 2016 - 2026F |
6.1.3 Ghana Women's Footwear Market Revenues & Volume, By Shoes, 2016 - 2026F |
6.1.4 Ghana Women's Footwear Market Revenues & Volume, By Boots, 2016 - 2026F |
6.1.5 Ghana Women's Footwear Market Revenues & Volume, By Heels & Pumps, 2016 - 2026F |
6.1.6 Ghana Women's Footwear Market Revenues & Volume, By Sandals, 2016 - 2026F |
6.1.7 Ghana Women's Footwear Market Revenues & Volume, By Flip Flop & Slippers, 2016 - 2026F |
6.1.8 Ghana Women's Footwear Market Revenues & Volume, By Sports Shoes, 2016 - 2026F |
6.2 Ghana Women's Footwear Market, By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Ghana Women's Footwear Market Revenues & Volume, By Rubber, 2016 - 2026F |
6.2.3 Ghana Women's Footwear Market Revenues & Volume, By Leather, 2016 - 2026F |
6.2.4 Ghana Women's Footwear Market Revenues & Volume, By Plastic, 2016 - 2026F |
6.2.5 Ghana Women's Footwear Market Revenues & Volume, By Velvet, 2016 - 2026F |
6.2.6 Ghana Women's Footwear Market Revenues & Volume, By Textiles, 2016 - 2026F |
6.2.7 Ghana Women's Footwear Market Revenues & Volume, By Others, 2016 - 2026F |
6.3 Ghana Women's Footwear Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Ghana Women's Footwear Market Revenues & Volume, By Online, 2016 - 2026F |
6.3.3 Ghana Women's Footwear Market Revenues & Volume, By Supermarkets/Hypermarkets, 2016 - 2026F |
6.3.4 Ghana Women's Footwear Market Revenues & Volume, By Specialty Stores, 2016 - 2026F |
6.3.5 Ghana Women's Footwear Market Revenues & Volume, By Multi-brand Stores, 2016 - 2026F |
6.3.6 Ghana Women's Footwear Market Revenues & Volume, By Independent Retailers, 2016 - 2026F |
7 Ghana Women's Footwear Market Import-Export Trade Statistics |
7.1 Ghana Women's Footwear Market Export to Major Countries |
7.2 Ghana Women's Footwear Market Imports from Major Countries |
8 Ghana Women's Footwear Market Key Performance Indicators |
9 Ghana Women's Footwear Market - Opportunity Assessment |
9.1 Ghana Women's Footwear Market Opportunity Assessment, By Product Type, 2019 & 2026F |
9.2 Ghana Women's Footwear Market Opportunity Assessment, By Material Type, 2019 & 2026F |
9.3 Ghana Women's Footwear Market Opportunity Assessment, By Distribution Channel, 2019 & 2026F |
10 Ghana Women's Footwear Market - Competitive Landscape |
10.1 Ghana Women's Footwear Market Revenue Share, By Companies, 2024 |
10.2 Ghana Women's Footwear Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |