Cote d'Ivoire: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Cote d'Ivoire

After two years of decline, the Cote d'Ivoire's glass in the mass market increased by 20% to $X in 2022. Overall, consumption saw a strong increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Glass in The Mass in Cote d'Ivoire

In value terms, glass in the mass production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2015 when the production volume increased by 14%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Exports of Glass in The Mass

Exports from Cote d'Ivoire

In 2022, after two years of growth, there was significant decline in overseas shipments of glass in the mass, when their volume decreased by -36.2% to X tons. Overall, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 106% against the previous year. Over the period under review, the glass in mass exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass in the mass exports reduced to $X in 2022. In general, exports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2015 with an increase of 126%. Over the period under review, the glass in mass exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Cameroon (X tons) was the main destination for glass in the mass exports from Cote d'Ivoire, with a 88% share of total exports. Moreover, glass in the mass exports to Cameroon exceeded the volume sent to the second major destination, Morocco (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cameroon totaled -7.6%.

In value terms, the largest markets for glass in the mass exported from Cote d'Ivoire were Cameroon ($X) and Morocco ($X).

Among the main countries of destination, Morocco, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average glass in the mass export price amounted to $X per ton, with an increase of 48% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while the average price for exports to Cameroon totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (-3.3%).

Imports of Glass in The Mass

Imports into Cote d'Ivoire

Glass in the mass imports into Cote d'Ivoire rose significantly to X tons in 2022, growing by 11% against 2021 figures. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 8,230%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, glass in the mass imports dropped sharply to $X in 2022. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 13,750% against the previous year. Over the period under review, glass in mass imports hit record highs at $X in 2021, and then contracted significantly in the following year.

Imports by Country

Italy (X tons), Turkey (X tons) and China (X kg) were the main suppliers of glass in the mass imports to Cote d'Ivoire, together comprising 66% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +54.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of glass in the mass to Cote d'Ivoire, comprising 42% of total imports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total imports. It was followed by France, with a 4% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +81.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-9.7% per year) and France (+7.2% per year).

Import Prices by Country

In 2022, the average glass in the mass import price amounted to $X per ton, which is down by -32% against the previous year. Over the period under review, the import price saw a perceptible downturn. The growth pace was the most rapid in 2021 an increase of 138%. As a result, import price attained the peak level of $X per ton, and then declined remarkably 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 France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform