Cote d'Ivoire: Chemically Modified Oils Market 2025

Chemically Modified Oils Market Size in Cote d'Ivoire

The Cote d'Ivoire's chemically modified oils market surged to $X in 2022, with an increase of 152% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a noticeable slump. Chemically modified oils consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Chemically Modified Oils Exports

Exports from Cote d'Ivoire

In 2022, overseas shipments of animal or vegetable fats and oils chemically modified decreased by -48.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 3,602%. As a result, the exports attained the peak of X tons, and then contracted markedly in the following year.

In value terms, chemically modified oils exports reduced notably to $X in 2022. Overall, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by 2,892% against the previous year. As a result, the exports reached the peak of $X, and then reduced sharply in the following year.

Exports by Country

The Czech Republic (X tons) was the main destination for chemically modified oils exports from Cote d'Ivoire, accounting for a 82% share of total exports. Moreover, chemically modified oils exports to the Czech Republic exceeded the volume sent to the second major destination, Burkina Faso (X tons), eightfold. The third position in this ranking was held by Mali (X tons), with an 8% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic totaled +133.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+42.0% per year) and Mali (-5.1% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for animal or vegetable fats and oils chemically modified exports from Cote d'Ivoire, comprising 93% of total exports. The second position in the ranking was held by Mali ($X), with a 4.1% share of total exports. It was followed by Burkina Faso, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic totaled +73.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (-17.6% per year) and Burkina Faso (+21.9% per year).

Export Prices by Country

In 2022, the average chemically modified oils export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 130%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+58.1%), while the prices for the other major destinations experienced a decline.

Chemically Modified Oils Imports

Imports into Cote d'Ivoire

In 2022, the amount of animal or vegetable fats and oils chemically modified imported into Cote d'Ivoire reached X tons, with an increase of 2.6% against the year before. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 29% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, chemically modified oils imports contracted to $X in 2022. Over the period under review, imports, however, recorded a slight reduction. The pace of growth was the most pronounced in 2020 with an increase of 38% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) constituted the largest chemically modified oils supplier to Cote d'Ivoire, accounting for a 84% share of total imports. Moreover, chemically modified oils imports from Brazil exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled +9.5%.

In value terms, Brazil ($X) constituted the largest supplier of animal or vegetable fats and oils chemically modified to Cote d'Ivoire, comprising 86% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to +8.2%.

Import Prices by Country

In 2022, the average chemically modified oils import price amounted to $X per ton, which is down by -10.1% against the previous year. In general, the import price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 an increase of 24%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Germany amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform