Cote d'Ivoire: Modified Starches Market 2024

Modified Starches Market Size in Cote d'Ivoire

In 2022, after two years of growth, there was decline in the Cote d'Ivoire's modified starches market, when its value decreased by -0.9% to $X. In general, consumption, however, continues to indicate a prominent expansion. Modified starches consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Modified Starches Production in Cote d'Ivoire

In value terms, modified starches production stood at $X in 2022 estimated in export price. Over the period under review, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 74% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Modified Starches Exports

Exports from Cote d'Ivoire

In 2022, overseas shipments of dextrins and other modified starches increased by 0.9% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 99% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, modified starches exports contracted to $X in 2022. Overall, exports, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2015 with an increase of 59%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Mali (X tons) was the main destination for modified starches exports from Cote d'Ivoire, accounting for a 97% share of total exports. It was followed by Burkina Faso (X kg), with a 2.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Mali totaled -6.6%.

In value terms, Burkina Faso ($X) and Mali ($X) appeared to be the largest markets for modified starches exported from Cote d'Ivoire worldwide.

Burkina Faso, with a CAGR of +31.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average modified starches export price stood at $X per ton in 2022, reducing by -6.3% against the previous year. Overall, the export price, however, showed a resilient increase. The growth pace was the most rapid in 2014 an increase of 257% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Mali amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (+124.1%), while the prices for the other major destinations experienced mixed trend patterns.

Modified Starches Imports

Imports into Cote d'Ivoire

In 2022, supplies from abroad of dextrins and other modified starches decreased by -33% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 194%. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, modified starches imports contracted notably to $X in 2022. Overall, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 196%. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

China (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of modified starches imports to Cote d'Ivoire, with a combined 77% share of total imports. Israel, Austria, Italy, Senegal, the United States, France, Denmark and Benin lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of +84.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest modified starches suppliers to Cote d'Ivoire were Germany ($X), the Netherlands ($X) and China ($X), with a combined 69% share of total imports. Israel, the United States, Austria, Senegal, Italy, France, Denmark and Benin lagged somewhat behind, together comprising a further 30%.

In terms of the main suppliers, Senegal, with a CAGR of +68.8%, recorded 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

The average modified starches import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2017 an increase of 28%. The import price peaked at $X per ton in 2013; however, from 2014 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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+32.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform