Cote d'Ivoire: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in Cote d'Ivoire

The Cote d'Ivoire's azo- or azoxy-compounds market stood at $X in 2022, growing by 3.5% 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). Over the period under review, consumption saw buoyant growth. Azo- or azoxy-compounds consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Azo- Or Azoxy-Compounds Exports

Exports from Cote d'Ivoire

In 2022, shipments abroad of diazo-, azo- or azoxy-compounds decreased by -18.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 900% against the previous year. The exports peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, azo- or azoxy-compounds exports shrank to $X in 2022. In general, exports, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2020 when exports increased by 978% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Senegal (X tons), Mali (X tons) and Ghana (X kg) were the main destinations of azo- or azoxy-compounds exports from Cote d'Ivoire.

From 2012 to 2022, the biggest increases were recorded for Mali (with a CAGR of +8.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for azo- or azoxy-compounds exported from Cote d'Ivoire were Senegal ($X), Ghana ($X) and Mali ($X).

Senegal, with a CAGR of +7.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average azo- or azoxy-compounds export price amounted to $X per ton, with an increase of 8.1% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, azo- or azoxy-compounds export price decreased by -10.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 29%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average 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 Ghana ($X per ton), while the average price for exports to Mali ($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 Ghana (+20.6%), while the prices for the other major destinations experienced mixed trend patterns.

Azo- Or Azoxy-Compounds Imports

Imports into Cote d'Ivoire

In 2022, the amount of diazo-, azo- or azoxy-compounds imported into Cote d'Ivoire expanded sharply to X tons, increasing by 5.7% on the previous year. Over the period under review, imports recorded a prominent increase. The growth pace was the most rapid in 2016 when imports increased by 81%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, azo- or azoxy-compounds imports rose slightly to $X in 2022. Overall, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 109%. Over the period under review, imports hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of azo- or azoxy-compounds to Cote d'Ivoire, with a 76% share of total imports. Moreover, azo- or azoxy-compounds imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-6.5% per year) and South Korea (+8.2% per year).

In value terms, China ($X) constituted the largest supplier of diazo-, azo- or azoxy-compounds to Cote d'Ivoire, comprising 78% of total imports. The second position in the ranking was taken by South Korea ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+9.9% per year) and Thailand (-7.1% per year).

Import Prices by Country

The average azo- or azoxy-compounds import price stood at $X per ton in 2022, reducing by -2.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2016 when the average import price increased by 15% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 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 South Korea ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform