Cote d'Ivoire: Cranks And Crankshafts Market 2025

Cranks And Crankshafts Market Size in Cote d'Ivoire

The Cote d'Ivoire's cranks and crankshafts market reduced to $X in 2022, dropping by -5.9% 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). In general, consumption, however, continues to indicate a resilient increase. Cranks and crankshafts consumption peaked at $X in 2021, and then reduced in the following year.

Cranks And Crankshafts Exports

Exports from Cote d'Ivoire

In 2022, shipments abroad of cranks and crankshafts was finally on the rise to reach X kg after two years of decline. Over the period under review, exports showed a strong increase. The pace of growth was the most pronounced in 2014 when exports increased by 1,076% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, cranks and crankshafts exports stood at $X in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2014 when exports increased by 1,780% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Burkina Faso (X kg), Mali (X kg) and the Netherlands (X kg) were the main destinations of cranks and crankshafts exports from Cote d'Ivoire, with a combined 70% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Burkina Faso (with a CAGR of +44.8%), while the other leaders experienced more modest paces of growth.

In value terms, Burkina Faso ($X) remains the key foreign market for cranks and crankshafts exports from Cote d'Ivoire, comprising 64% of total exports. The second position in the ranking was taken by Belgium ($X), with an 8% share of total exports. It was followed by Liberia, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Burkina Faso totaled +55.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+28.9% per year) and Liberia (+12.1% per year).

Export Prices by Country

In 2022, the average cranks and crankshafts export price amounted to $X per ton, which is down by -19.7% against the previous year. In general, the export price, however, showed resilient growth. The pace of growth was the most pronounced in 2020 an increase of 311% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Liberia ($X per ton), while the average price for exports to Mali ($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 Egypt (+198.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cranks And Crankshafts Imports

Imports into Cote d'Ivoire

In 2022, approx. X tons of cranks and crankshafts were imported into Cote d'Ivoire; shrinking by -5.1% against the previous year. Overall, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2019 with an increase of 283% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, cranks and crankshafts imports declined to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 87%. Over the period under review, imports reached the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of cranks and crankshafts to Cote d'Ivoire, with a 76% share of total imports. Moreover, cranks and crankshafts imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold. The third position in this ranking was held by Pakistan (X tons), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +41.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+20.4% per year) and Pakistan (+5.3% per year).

In value terms, China ($X) constituted the largest supplier of cranks and crankshafts to Cote d'Ivoire, comprising 48% of total imports. The second position in the ranking was held by France ($X), with an 11% share of total imports. It was followed by Germany, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +39.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.6% per year) and Germany (-1.7% per year).

Import Prices by Country

In 2022, the average cranks and crankshafts import price amounted to $X per ton, with a decrease of -2.8% against the previous year. In general, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2020 an increase of 38% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 France ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform