Cote d'Ivoire: Animal Guts Market 2024

Animal Guts Market Size in Cote d'Ivoire

The Cote d'Ivoire's animal guts market reached $X in 2022, with an increase of 8.8% against the previous year. In general, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.5% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Animal Guts Production in Cote d'Ivoire

In value terms, animal guts production surged to $X in 2022 estimated in export price. In general, production enjoyed measured growth. The most prominent rate of growth was recorded in 2019 with an increase of 2,816%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Animal Guts Exports

Exports from Cote d'Ivoire

For the fourth consecutive year, Cote d'Ivoire recorded decline in shipments abroad of guts, bladders and stomachs of animals, which decreased by -15.8% to X tons in 2017. Overall, exports continue to indicate a abrupt slump. The smallest decline of -15.8% was in 2014. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2017, the exports stood at a somewhat lower figure.

In value terms, animal guts exports reduced to $X in 2017. Over the period under review, exports recorded a perceptible slump. The pace of growth appeared the most rapid in 2016 when exports increased by 2.6%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Senegal (X tons) was the main destination for animal guts exports from Cote d'Ivoire, accounting for a approx. 100% share of total exports.

From 2013 to 2017, the average annual growth rate of volume to Senegal was relatively modest.

In value terms, Senegal ($X) emerged as the key foreign market for guts, bladders and stomachs of animals exports from Cote d'Ivoire.

From 2013 to 2017, the average annual growth rate of value to Senegal was relatively modest.

Export Prices by Country

The average animal guts export price stood at $X per ton in 2017, increasing by 2.9% against the previous year. Overall, the export price showed a significant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 45%. Over the period under review, the average export prices attained the peak figure in 2017 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Senegal.

From 2013 to 2017, the rate of growth in terms of prices for Ghana amounted to 0.0% per year.

Animal Guts Imports

Imports into Cote d'Ivoire

In 2022, approx. X tons of guts, bladders and stomachs of animals were imported into Cote d'Ivoire; with a decrease of -14.7% on the year before. In general, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 273% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, animal guts imports dropped to $X in 2022. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 251% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of animal guts to Cote d'Ivoire, accounting for a 54% share of total imports. Moreover, animal guts imports from Argentina exceeded the figures recorded by the second-largest supplier, the UK (X tons), eightfold. Paraguay (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina amounted to +58.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+33.4% per year) and Paraguay (+48.3% per year).

In value terms, Argentina ($X) constituted the largest supplier of guts, bladders and stomachs of animals to Cote d'Ivoire, comprising 43% of total imports. The second position in the ranking was taken by the UK ($X), with a 9.2% share of total imports. It was followed by Paraguay, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from Argentina stood at +49.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+30.5% per year) and Paraguay (+53.2% per year).

Import Prices by Country

In 2022, the average animal guts import price amounted to $X per ton, rising by 4.2% against the previous year. Over the period under review, the import price, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 9.2%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 France ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+354.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform