Cote d'Ivoire: Cold-Rolled Steel Products Market 2024

Cold-Rolled Steel Products Market Size in Cote d'Ivoire

In 2022, after two years of growth, there was significant decline in the Cote d'Ivoire's cold-rolled steel products market, when its value decreased by -18.3% to $X. Over the period under review, consumption, however, showed a buoyant increase. As a result, consumption reached the peak level of $X, and then contracted notably in the following year.

Cold-Rolled Steel Products Exports

Exports from Cote d'Ivoire

In 2022, cold-rolled steel products exports from Cote d'Ivoire plummeted to X tons, declining by -33.7% against the year before. In general, exports recorded a noticeable descent. The pace of growth was the most pronounced in 2021 when exports increased by 206% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, cold-rolled steel products exports fell markedly to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 67%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Mali (X tons), Ghana (X tons) and Congo (X tons) were the main destinations of cold-rolled steel products exports from Cote d'Ivoire, together accounting for 55% of total exports. Cameroon, Niger, Gabon and Burkina Faso lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Burkina Faso (with a CAGR of +21.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cold-rolled steel products exported from Cote d'Ivoire were Ghana ($X), Mali ($X) and Cameroon ($X), together comprising 29% of total exports. Gabon, Congo, Niger and Burkina Faso lagged somewhat behind, together comprising a further 15%.

Among the main countries of destination, Burkina Faso, with a CAGR of +17.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cold-rolled steel products export price stood at $X per ton in 2022, with an increase of 21% against the previous year. In general, the export price saw pronounced growth. The growth pace was the most rapid in 2020 an increase of 119% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 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 Cameroon ($X per ton), while the average price for exports to Burkina Faso ($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 Cameroon (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cold-Rolled Steel Products Imports

Imports into Cote d'Ivoire

In 2022, overseas purchases of flat-rolled products of iron or steel (not further worked than cold-rolled) decreased by -11.7% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 41% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, cold-rolled steel products imports contracted dramatically to $X in 2022. Overall, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 101% against the previous year. As a result, imports reached the peak of $X, and then declined markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest cold-rolled steel products supplier to Cote d'Ivoire, accounting for a 73% share of total imports. Moreover, cold-rolled steel products imports from China exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +33.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-5.3% per year) and Italy (+26.5% per year).

In value terms, China ($X) constituted the largest supplier of flat-rolled products of iron or steel (not further worked than cold-rolled) to Cote d'Ivoire, comprising 72% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 21% share of total imports. It was followed by Italy, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +31.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-4.5% per year) and Italy (+21.5% per year).

Import Prices by Country

The average cold-rolled steel products import price stood at $X per ton in 2022, with a decrease of -10.4% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 52% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Ukraine ($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 (+14.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform