Cote d'Ivoire: Market for Clays For Construction and Industrial Use 2024

Market Size for Clays For Construction and Industrial Use in Cote d'Ivoire

After two years of growth, the Cote d'Ivoire's market for clays for construction and industrial use decreased by -0.8% to $X in 2022. Over the period under review, consumption, however, posted a significant increase. Over the period under review, the market reached the peak level at $X in 2021, and then dropped modestly in the following year.

Exports of Clays For Construction and Industrial Use

Exports from Cote d'Ivoire

Exports of clays for construction and industrial use from Cote d'Ivoire shrank remarkably to X tons in 2022, reducing by -22.7% compared with the year before. In general, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 351%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of clays for construction and industrial use reduced dramatically to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 225%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X tons), the UK (X tons) and France (X tons) were the main destinations of exports of clays for construction and industrial use from Cote d'Ivoire, together accounting for 76% of total exports. Mali, Morocco, Italy and Canada lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +54.7%), while the other leaders experienced more modest paces of growth.

In value terms, Burkina Faso ($X) remains the key foreign market for clays for construction and industrial use exports from Cote d'Ivoire, comprising 67% of total exports. The second position in the ranking was taken by Mali ($X), with a 16% share of total exports. It was followed by France, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Burkina Faso stood at +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (+3.5% per year) and France (+28.2% per year).

Export Prices by Country

The average export price for clays for construction and industrial use stood at $X per ton in 2022, falling by -11.9% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 81%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to the UK ($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 (+10.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Clays For Construction and Industrial Use

Imports into Cote d'Ivoire

In 2022, after three years of growth, there was decline in overseas purchases of clays for construction and industrial use, when their volume decreased by -1.2% to X tons. Over the period under review, imports, however, posted significant growth. The pace of growth was the most pronounced in 2016 with an increase of 188% against the previous year. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, imports of clays for construction and industrial use shrank slightly to $X in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 228%. Over the period under review, imports of attained the peak figure at $X in 2021, and then dropped modestly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest clays for construction and industrial use supplier to Cote d'Ivoire, with a 72% share of total imports. Moreover, imports of clays for construction and industrial use from the United States exceeded the figures recorded by the second-largest supplier, Syrian Arab Republic (X tons), sevenfold. China (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +95.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Syrian Arab Republic (+6.2% per year) and China (+36.1% per year).

In value terms, the United States ($X) constituted the largest supplier of clays for construction and industrial use to Cote d'Ivoire, comprising 80% of total imports. The second position in the ranking was taken by Spain ($X), with a 5.1% share of total imports. It was followed by Syrian Arab Republic, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +58.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+17.8% per year) and Syrian Arab Republic (+9.6% per year).

Import Prices by Country

The average import price for clays for construction and industrial use stood at $X per ton in 2022, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2014 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform