Cote d'Ivoire: Market for Equipment For Internal Combustion Engines 2025

Market Size for Equipment For Internal Combustion Engines in Cote d'Ivoire

The Cote d'Ivoire's internal combustion engine equipment market rose markedly to $X in 2022, increasing by 13% 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 saw a buoyant expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Equipment For Internal Combustion Engines

Exports from Cote d'Ivoire

In 2022, shipments abroad of equipment for internal combustion engines decreased by -11.7% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, saw a moderate increase. The most prominent rate of growth was recorded in 2016 when exports increased by 36%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, internal combustion engine equipment exports shrank to $X in 2022. In general, exports, however, enjoyed mild growth. The pace of growth was the most pronounced in 2019 when exports increased by 29%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for internal combustion engine equipment exports from Cote d'Ivoire, with a 66% share of total exports. Moreover, internal combustion engine equipment exports to France exceeded the volume sent to the second major destination, Burkina Faso (X units), twofold. Ghana (X units) ranked third in terms of total exports with a 0.3% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at +29.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+50.2% per year) and Ghana (-17.7% per year).

In value terms, the largest markets for internal combustion engine equipment exported from Cote d'Ivoire were France ($X), Burkina Faso ($X) and Ghana ($X), together accounting for 98% of total exports.

Burkina Faso, with a CAGR of +56.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average internal combustion engine equipment export price stood at $X per unit in 2022, remaining stable against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 12% 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($X per unit), while the average price for exports to Belgium ($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 Burkina Faso (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Equipment For Internal Combustion Engines

Imports into Cote d'Ivoire

Internal combustion engine equipment imports into Cote d'Ivoire soared to X units in 2022, jumping by 16% on 2021 figures. Over the period under review, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 396% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, internal combustion engine equipment imports expanded remarkably to $X in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 468% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Canada (X units), China (X units) and Germany (X units) were the main suppliers of internal combustion engine equipment imports to Cote d'Ivoire, together comprising 60% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +92.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest internal combustion engine equipment suppliers to Cote d'Ivoire were Burkina Faso ($X), China ($X) and Canada ($X), with a combined 40% share of total imports.

Canada, with a CAGR of +94.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average internal combustion engine equipment import price stood at $X per unit in 2022, falling by -7.6% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, internal combustion engine equipment import price increased by +70.9% against 2017 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 43%. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then fell in the following year.

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 the United States ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform