Cote d'Ivoire: Market for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines 2024

Market Size for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Cote d'Ivoire

In 2022, after three years of growth, there was significant decline in the Cote d'Ivoire's market for line pipe of steel other than stainless steel for oil or gas pipelines, when its value decreased by -37.1% to $X. In general, consumption, however, enjoyed a strong increase. As a result, consumption attained the peak level of $X, and then reduced markedly in the following year.

Exports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Exports from Cote d'Ivoire

In 2022, after two years of growth, there was decline in overseas shipments of line pipe of steel other than stainless steel for oil or gas pipelines, when their volume decreased by -0.9% to X tons. In general, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 345%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of line pipe of steel other than stainless steel for oil or gas pipelines contracted slightly to $X in 2022. Overall, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 683% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana (X tons) and Burkina Faso (X tons) were the main destinations of exports of line pipe of steel other than stainless steel for oil or gas pipelines 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 Ghana (with a CAGR of +30.5%).

In value terms, Ghana ($X) remains the key foreign market for line pipe of steel other than stainless steel for oil or gas pipelines exports from Cote d'Ivoire, comprising 93% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a 6.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Ghana totaled +26.2%.

Export Prices by Country

The average export price for line pipe of steel other than stainless steel for oil or gas pipelines stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 an increase of 76% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Burkina Faso stood at $X per ton.

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

Imports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Imports into Cote d'Ivoire

After three years of growth, purchases abroad of line pipe of steel other than stainless steel for oil or gas pipelines decreased by -37.3% to X tons in 2022. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 299% against the previous year. As a result, imports attained the peak of X tons, and then plummeted in the following year.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines contracted notably to $X in 2022. Overall, imports, however, continue to indicate a slight increase. The pace of growth appeared the most rapid in 2021 when imports increased by 256% against the previous year. As a result, imports attained the peak of $X, and then declined markedly in the following year.

Imports by Country

Brazil (X tons), Germany (X tons) and China (X tons) were the main suppliers of imports of line pipe of steel other than stainless steel for oil or gas pipelines to Cote d'Ivoire, together accounting for 95% of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +73.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Brazil ($X) and China ($X) were the largest line pipe of steel other than stainless steel for oil or gas pipelines suppliers to Cote d'Ivoire, together comprising 92% of total imports.

Brazil, with a CAGR of +64.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for line pipe of steel other than stainless steel for oil or gas pipelines amounted to $X per ton, increasing by 2.2% against the previous year. Overall, the import price, however, saw a abrupt downturn. The growth pace was the most rapid in 2019 when the average import price increased by 22% against the previous year. The import price peaked at $X per ton 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 ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform