Cote d'Ivoire: Metal Spring Washer Market 2025

Metal Spring Washer Market Size in Cote d'Ivoire

The Cote d'Ivoire's metal spring washer market skyrocketed to $X in 2022, with an increase of 164% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Metal Spring Washer Exports

Exports from Cote d'Ivoire

In 2022, shipments abroad of iron or steel spring washers decreased by -29.1% to X kg, falling for the fourth consecutive year after three years of growth. Overall, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2016 with an increase of 429% against the previous year. The exports peaked at X kg in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal spring washer exports reduced markedly to $X in 2022. Over the period under review, exports faced a abrupt setback. The pace of growth was the most pronounced in 2017 when exports increased by 1,123% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cameroon (X kg) was the main destination for metal spring washer exports from Cote d'Ivoire, accounting for a 90% share of total exports. Moreover, metal spring washer exports to Cameroon exceeded the volume sent to the second major destination, Ghana (X kg), more than tenfold. The third position in this ranking was held by the Netherlands (X kg), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume to Cameroon amounted to -16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-38.8% per year) and the Netherlands (-6.7% per year).

In value terms, the largest markets for metal spring washer exported from Cote d'Ivoire were Belgium ($X), Cameroon ($X) and Ghana ($X), together accounting for 100% of total exports.

Among the main countries of destination, Belgium, with a CAGR of +38.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average metal spring washer export price stood at $X per ton in 2022, surging by 15% against the previous year. Overall, the export price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 194%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

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 Belgium ($X per ton), while the average price for exports to the Netherlands ($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 Norway (+122.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Spring Washer Imports

Imports into Cote d'Ivoire

In 2022, imports of iron or steel spring washers into Cote d'Ivoire soared to X tons, rising by 234% compared with 2021. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal spring washer imports skyrocketed to $X in 2022. Overall, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 118% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of metal spring washer to Cote d'Ivoire, accounting for a 90% share of total imports. Moreover, metal spring washer imports from China exceeded the figures recorded by the second-largest supplier, Denmark (X tons), more than tenfold. The third position in this ranking was held by the United Arab Emirates (X kg), with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +35.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+87.0% per year) and the United Arab Emirates (+28.1% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel spring washers to Cote d'Ivoire, comprising 60% of total imports. The second position in the ranking was held by Denmark ($X), with a 3.8% share of total imports. It was followed by France, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +41.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+48.2% per year) and France (-17.7% per year).

Import Prices by Country

In 2022, the average metal spring washer import price amounted to $X per ton, declining by -61.9% against the previous year. Overall, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 209% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform