Cote d'Ivoire: Biological Product Market 2025

Biological Product Market Size in Cote d'Ivoire

After two years of growth, the Cote d'Ivoire's biological product market decreased by X% to $X in 2022. Over the period under review, consumption recorded a remarkable increase. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Biological Product Exports

Exports from Cote d'Ivoire

In 2022, shipments abroad of biological products increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, biological product exports reduced sharply to $X in 2022. Over the period under review, exports, however, saw a dramatic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Benin (X tons) was the main destination for biological product exports from Cote d'Ivoire, with a X% share of total exports. It was followed by France (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Benin amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the United States (X% per year).

In value terms, Benin ($X) emerged as the key foreign market for biological products exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Benin was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average biological product export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price faced a dramatic decline. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Benin ($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 France (X%), while the prices for the other major destinations experienced a decline.

Biological Product Imports

Imports into Cote d'Ivoire

In 2022, overseas purchases of biological products increased by X% to X tons, rising for the third year in a row after three years of decline. In general, imports posted buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, biological product imports dropped to $X in 2022. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

China (X tons), the Netherlands (X tons) and India (X tons) were the main suppliers of biological product imports to Cote d'Ivoire, with a combined X% share of total imports. France, Belgium, South Korea, Argentina, the United States and Hungary lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X), India ($X) and Belgium ($X) constituted the largest biological product suppliers to Cote d'Ivoire, together accounting for X% of total imports. The Netherlands, France, the United States, South Korea, Argentina and Hungary lagged somewhat behind, together comprising a further X%.

Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average biological product import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price recorded a pronounced downturn. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then contracted notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform