Cote d'Ivoire: Crawler Dozer Market 2024

Crawler Dozer Market Size in Cote d'Ivoire

The Cote d'Ivoire's crawler dozer market soared to $X in 2022, growing by 25% 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). Overall, consumption posted a resilient expansion. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Crawler Dozer Exports

Exports from Cote d'Ivoire

In 2022, overseas shipments of crawler dozers decreased by -8.3% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports showed a perceptible curtailment. The growth pace was the most rapid in 2020 with an increase of 57%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, crawler dozer exports declined markedly to $X in 2022. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 225%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X units) was the main destination for crawler dozer exports from Cote d'Ivoire, with a 45% share of total exports. Moreover, crawler dozer exports to Burkina Faso exceeded the volume sent to the second major destination, Ghana (X units), fivefold. The third position in this ranking was taken by Togo (X units), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to Burkina Faso stood at +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-14.9% per year) and Togo (0.0% per year).

In value terms, Burkina Faso ($X) remains the key foreign market for crawler dozers exports from Cote d'Ivoire, comprising 78% of total exports. The second position in the ranking was taken by Mali ($X), with an 8.4% share of total exports. It was followed by Togo, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value to Burkina Faso totaled +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (-4.1% per year) and Togo (+2.5% per year).

Export Prices by Country

In 2022, the average crawler dozer export price amounted to $X per unit, dropping by -13.9% against the previous year. Overall, the export price recorded a perceptible curtailment. The pace of growth was the most pronounced in 2015 an increase of 150% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while the average price for exports to Benin ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Togo (+2.5%), while the prices for the other major destinations experienced a decline.

Crawler Dozer Imports

Imports into Cote d'Ivoire

In 2022, imports of crawler dozers into Cote d'Ivoire soared to X units, picking up by 30% against the previous year's figure. Overall, imports posted buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 157%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, crawler dozer imports rose markedly to $X in 2022. In general, imports showed a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of 78%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X units), China (X units) and Japan (X units) were the main suppliers of crawler dozer imports to Cote d'Ivoire, together accounting for 41% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +42.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crawler dozer suppliers to Cote d'Ivoire were China ($X), Japan ($X) and Brazil ($X), together comprising 52% of total imports. Thailand, the Netherlands, Mali, Lebanon, Germany, Belgium, the United Arab Emirates, Benin, Spain and Turkey lagged somewhat behind, together accounting for a further 34%.

In terms of the main suppliers, the Netherlands, with a CAGR of +68.9%, saw the highest growth rate of the value of imports, 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 crawler dozer import price amounted to $X per unit, which is down by -12.6% against the previous year. Overall, the import price recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 an increase of 104%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average 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 Brazil ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform