Cote d'Ivoire: Ether Market 2024

Ether Market Size in Cote d'Ivoire

After two years of growth, the Cote d'Ivoire's ether market decreased by -26.4% to $X in 2022. Overall, consumption, however, saw a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted remarkably in the following year.

Ether Exports

Exports from Cote d'Ivoire

In 2022, after four years of decline, there was significant growth in overseas shipments of ethers, when their volume increased by 62% to X kg. Over the period under review, exports, however, faced a abrupt downturn. The growth pace was the most rapid in 2017 when exports increased by 1,759%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ether exports surged to $X in 2022. Overall, exports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 1,324%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Tanzania (X kg) was the main destination for ether exports from Cote d'Ivoire, accounting for a 48% share of total exports. Moreover, ether exports to Tanzania exceeded the volume sent to the second major destination, France (X kg), twofold. Senegal (X kg) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Tanzania amounted to +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+7.5% per year) and Senegal (-20.5% per year).

In value terms, France ($X) remains the key foreign market for ethers exports from Cote d'Ivoire, comprising 58% of total exports. The second position in the ranking was held by Tanzania ($X), with an 18% share of total exports. It was followed by Senegal, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+15.5% per year) and Senegal (-25.6% per year).

Export Prices by Country

The average ether export price stood at $X per ton in 2022, increasing by 7.8% against the previous year. Overall, the export price enjoyed perceptible growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 64%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Ghana ($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 France (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ether Imports

Imports into Cote d'Ivoire

After two years of growth, overseas purchases of ethers decreased by -26.4% to X tons in 2022. Overall, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 165% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then reduced markedly in the following year.

In value terms, ether imports shrank remarkably to $X in 2022. Over the period under review, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 125% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

South Africa (X tons), China (X tons) and the United States (X tons) were the main suppliers of ether imports to Cote d'Ivoire, with a combined 47% share of total imports. Belgium, France, Norway, the Netherlands, Spain, Brazil and India lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +93.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Norway ($X) and the Netherlands ($X) were the largest ether suppliers to Cote d'Ivoire, with a combined 47% share of total imports.

Among the main suppliers, Norway, with a CAGR of +92.7%, recorded the highest rates of growth with regard to 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 ether import price amounted to $X per ton, stabilizing at the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ether import price increased by +2.2% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 46%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform