GHANA TEXTILE MARKET

INTRODUCTION

 Ghana has a long history of producing textiles, having used centuries-old traditional weaving and dyeing methods. Inadequate infrastructure, unstable electrical supplies, and competition from low-cost imported textiles have all been obstacles for Ghana's textile sector.

The domestic textile industry has declined as a result of these issues.Ghana's northern areas are also known for producing cotton, which can be utilised as a source of raw materials for the manufacturing of textiles.

 Nonetheless, there have been issues with the cotton industry, such as low yields and poor infrastructure.The textile business and the fashion industry in Ghana are closely related. The modern fashion business has benefited from the incorporation of traditional textiles such as Adinkra and Kente.

GHANA TEXTILE MARKET SIZE AND FORECAST

The Ghana textile market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

RECENT DEVELOPMENT

A Ghanaian textile manufacturer has introduced a fresh collection of patterns influenced by the Covid-19 outbreak.The new textiles have symbols that represent some of the steps taken to stop the coronavirus from spreading, such as planes, padlocks, and keys.

They think it will have an impact on global history and that it is crucial future generations learn that such a thing actually happened in the past. The design features an aeroplane as a symbol, signifying that one of Ghana's actions during the lockdown was to seal the borders, preventing any aircraft from taking off.

In an effort to boost the regional textile industry, the government launched a campaign encouraging citizens to wear national attire on Fridays; nevertheless, a large portion of the clothing worn is not produced by African companies.

Notwithstanding its name, Ghana Textiles Printing is a subsidiary of Vlisco, a Dutch firm.  Ghanaians narrating their own history was the focus of the new designs.Since all of the designs they publish currently were created and printed in Ghana, their value systems, artistic sensibilities, and communication styles are inherent in every design they create.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many textiles are manufactured per annum in Ghana? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Ghana textile and key vendor selection criteria
3. Where is the textile manufactured? What is the average margin per unit?
4. Market share of Ghana textile market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Ghana textile in-house
6. key predictions for next 5 years in Ghana textile market
7. Average B-2-B textile market price in all segments
8. Latest trends in textile market, by every market segment
9. The market size (both volume and value) of the textile market in 2023-2030 and every year in between?
10. Production breakup of textile market, by suppliers and their OEM relationship