Cote d'Ivoire: Market for Lifts, Elevators, Moving Stairways and Draglines 2024

Market Size for Lifts, Elevators, Moving Stairways and Draglines in Cote d'Ivoire

The Cote d'Ivoire's market for lifts, elevators, moving stairways and draglines expanded modestly to $X in 2022, increasing by 4.6% 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 continues to indicate a remarkable increase. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports from Cote d'Ivoire

In 2022, the amount of lifts, elevators, moving stairways and draglines exported from Cote d'Ivoire amounted to X units, approximately mirroring 2021 figures. Overall, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2017 when exports increased by 400%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, lift, elevator, stairway and dragline exports soared to $X in 2022. In general, exports saw strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 280%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X units) and Ghana (X units) were the main destinations of lift, elevator, stairway and dragline exports from Cote d'Ivoire.

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 +11.6%).

In value terms, Burkina Faso ($X) remains the key foreign market for lifts, elevators, moving stairways and draglines exports from Cote d'Ivoire, comprising 82% of total exports. The second position in the ranking was held by Ghana ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Burkina Faso stood at +8.5%.

Export Prices by Country

The average export price for lifts, elevators, moving stairways and draglines stood at $X per unit in 2022, surging by 28% against the previous year. Overall, the export price posted a perceptible increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 300%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Burkina Faso ($X per unit), while the average price for exports to Ghana totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+791.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports into Cote d'Ivoire

In 2022, approx. X units of lifts, elevators, moving stairways and draglines were imported into Cote d'Ivoire; with an increase of 3% on 2021. In general, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 154% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, lift, elevator, stairway and dragline imports rose rapidly to $X in 2022. Over the period under review, imports showed buoyant growth. The growth pace was the most rapid in 2021 with an increase of 148%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X units) constituted the largest lift, elevator, stairway and dragline supplier to Cote d'Ivoire, with a 54% share of total imports. Moreover, lift, elevator, stairway and dragline imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X units), fourfold. The third position in this ranking was held by China (X units), with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +62.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+11.7% per year) and China (+28.7% per year).

In value terms, Germany ($X) constituted the largest supplier of lifts, elevators, moving stairways and draglines to Cote d'Ivoire, comprising 54% of total imports. The second position in the ranking was taken by Spain ($X), with a 14% share of total imports. It was followed by China, with a 6% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +63.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+6.4% per year) and China (+22.2% per year).

Import Prices by Country

In 2022, the average import price for lifts, elevators, moving stairways and draglines amounted to $X per unit, with an increase of 3% against the previous year. Over the period under review, the import price, however, saw a slight descent. The pace of growth appeared the most rapid in 2020 an increase of 102% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 the United States ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform