Cote d'Ivoire: Plaster Market 2024

Plaster Market Size in Cote d'Ivoire

In 2022, the Cote d'Ivoire's plaster market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 -11.0% against 2019 indices. Plaster consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Plaster Exports

Exports from Cote d'Ivoire

After three years of growth, shipments abroad of plaster decreased by -12.7% to X tons in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,918%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, plaster exports declined sharply to $X in 2022. Overall, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of 2,481% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Congo (X tons) was the main destination for plaster exports from Cote d'Ivoire, accounting for a 98% share of total exports. It was followed by Burkina Faso (X tons), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Congo amounted to +121.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (-6.9% per year) and Mali (-17.4% per year).

In value terms, Congo ($X) remains the key foreign market for plaster exports from Cote d'Ivoire, comprising 90% of total exports. The second position in the ranking was held by Mali ($X), with an 8.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Congo amounted to +50.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (-2.4% per year) and Burkina Faso (-10.8% per year).

Export Prices by Country

In 2022, the average plaster export price amounted to $X per ton, shrinking by -37.4% against the previous year. Overall, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2015 when the average export price increased by 34%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mali ($X per ton), while the average price for exports to Burkina Faso ($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 Mali (+18.1%), while the prices for the other major destinations experienced a decline.

Plaster Imports

Imports into Cote d'Ivoire

In 2022, purchases abroad of plaster was finally on the rise to reach X tons after two years of decline. In general, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.5% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 55% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, plaster imports amounted to $X in 2022. Overall, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.0% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 24%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Tunisia (X tons) constituted the largest supplier of plaster to Cote d'Ivoire, with a 87% share of total imports. Moreover, plaster imports from Tunisia exceeded the figures recorded by the second-largest supplier, Mauritania (X tons), more than tenfold. The third position in this ranking was held by Turkey (X tons), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Tunisia amounted to +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mauritania (+114.9% per year) and Turkey (+40.5% per year).

In value terms, Tunisia ($X) constituted the largest supplier of plaster to Cote d'Ivoire, comprising 87% of total imports. The second position in the ranking was taken by Turkey ($X), with a 4.4% share of total imports. It was followed by Mauritania, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value from Tunisia amounted to +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+41.4% per year) and Mauritania (+100.4% per year).

Import Prices by Country

In 2022, the average plaster import price amounted to $X per ton, dropping by -8.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 17%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform