Cote d'Ivoire: Market for Asphalt or Bitumen Articles 2024

Market Size for Asphalt or Bitumen Articles in Cote d'Ivoire

After two years of growth, the Cote d'Ivoire's asphalt or bitumen article market decreased by -0.7% to $X in 2022. In general, consumption recorded a mild setback. Asphalt or bitumen article consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Asphalt or Bitumen Articles in Cote d'Ivoire

In value terms, asphalt or bitumen article production shrank to $X in 2022 estimated in export price. In general, production, however, saw a noticeable descent. The pace of growth was the most pronounced in 2014 with an increase of 28%. Asphalt or bitumen article production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Asphalt or Bitumen Articles

Exports from Cote d'Ivoire

In 2022, shipments abroad of asphalt or bitumen articles was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 125% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, asphalt or bitumen article exports skyrocketed to $X in 2022. In general, exports, however, showed a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 85%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for asphalt or bitumen article exports from Cote d'Ivoire, with a 74% share of total exports. Moreover, asphalt or bitumen article exports to Burkina Faso exceeded the volume sent to the second major destination, Mali (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burkina Faso totaled -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (-4.0% per year) and Niger (-10.9% per year).

In value terms, Burkina Faso ($X) remains the key foreign market for asphalt or bitumen articles exports from Cote d'Ivoire, comprising 80% of total exports. The second position in the ranking was held by Mali ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Burkina Faso amounted to -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (-10.1% per year) and Niger (-15.3% per year).

Export Prices by Country

In 2022, the average asphalt or bitumen article export price amounted to $X per ton, increasing by 45% against the previous year. Overall, the export price, however, saw a abrupt slump. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Mali ($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 Gabon (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Asphalt or Bitumen Articles

Imports into Cote d'Ivoire

In 2022, after ten years of growth, there was decline in purchases abroad of asphalt or bitumen articles, when their volume decreased by -1.3% to X tons. Overall, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2019 when imports increased by 56%. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, asphalt or bitumen article imports contracted to $X in 2022. In general, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of 73%. Over the period under review, imports attained the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

Egypt (X tons), China (X tons) and France (X tons) were the main suppliers of asphalt or bitumen article imports to Cote d'Ivoire, together comprising 66% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +51.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of asphalt or bitumen articles to Cote d'Ivoire, comprising 41% of total imports. The second position in the ranking was held by Egypt ($X), with a 13% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+39.7% per year) and Spain (+15.1% per year).

Import Prices by Country

The average asphalt or bitumen article import price stood at $X per ton in 2022, which is down by -2.9% against the previous year. In general, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2013 an increase of 12%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform