Cote d'Ivoire: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Cote d'Ivoire

After two years of growth, the Cote d'Ivoire's market for coconut, abaca, ramie and other vegetable textile fibres decreased by -10.2% to $X in 2022. Over the period under review, consumption, however, recorded a resilient increase. Consumption of peaked at $X in 2021, and then reduced in the following year.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Cote d'Ivoire

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres totaled $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 18%. Production of peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of coconut, abaca, ramie and other vegetable textile fibres in Cote d'Ivoire amounted to less than X kg per ha, remaining constant against the previous year's figure. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The harvested area of coconut, abaca, ramie and other vegetable textile fibres in Cote d'Ivoire was estimated at less than X ha in 2022, approximately mirroring 2021 figures. In general, the harvested area recorded a relatively flat trend pattern.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Cote d'Ivoire

In 2022, after two years of decline, there was growth in shipments abroad of coconut, abaca, ramie and other vegetable textile fibres, when their volume increased by 4.4% to X tons. In general, exports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2019 with an increase of 84% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres expanded to $X in 2022. Over the period under review, exports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of 92%. Over the period under review, the exports of hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), France (X tons) and Ghana (X tons) were the main destinations of exports of coconut, abaca, ramie and other vegetable textile fibres from Cote d'Ivoire.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of +49.2%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for coconut, abaca, ramie and other vegetable textile fibre exported from Cote d'Ivoire were France ($X), the Netherlands ($X) and Ghana ($X).

Among the main countries of destination, Ghana, with a CAGR of +49.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price showed a perceptible decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 29%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to the Netherlands ($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 Ghana (+0.3%), while the prices for the other major destinations experienced a decline.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Cote d'Ivoire

In 2022, after four years of growth, there was significant decline in supplies from abroad of coconut, abaca, ramie and other vegetable textile fibres, when their volume decreased by -37.9% to X tons. Overall, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2016 when imports increased by 254% against the previous year. Imports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres dropped sharply to $X in 2022. Over the period under review, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 414% against the previous year. Over the period under review, imports of attained the maximum at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

Kenya (X tons), Madagascar (X tons) and Tanzania (X tons) were the main suppliers of imports of coconut, abaca, ramie and other vegetable textile fibres to Cote d'Ivoire.

From 2012 to 2022, the biggest increases were recorded for Madagascar (with a CAGR of +20.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Kenya ($X) constituted the largest supplier of coconut, abaca, ramie and other vegetable textile fibres to Cote d'Ivoire, comprising 65% of total imports. The second position in the ranking was held by Madagascar ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Kenya totaled +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (+15.3% per year) and Tanzania (+4.1% per year).

Import Prices by Country

In 2022, the average import price for coconut, abaca, ramie and other vegetable textile fibres amounted to $X per ton, growing by 3.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 53%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 Tanzania ($X per ton), while the price for Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform