Cote d'Ivoire: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Cote d'Ivoire

The Cote d'Ivoire's market for malt extract and food preparations of flour, meal, and starches shrank significantly to $X in 2022, which is down by -36% against the previous year. Overall, consumption, however, enjoyed buoyant growth. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Cote d'Ivoire

In value terms, production of malt extract and food preparations of flour, meal, and starches soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a sharp decrease. Production of peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Cote d'Ivoire

Exports of malt extract and food preparations of flour, meal, and starches from Cote d'Ivoire skyrocketed to X tons in 2022, picking up by 259% on the year before. In general, exports saw notable growth. The pace of growth appeared the most rapid in 2016 when exports increased by 358%. Over the period under review, the exports of attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of malt extract and food preparations of flour, meal, and starches surged to $X in 2022. Overall, exports showed a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 319%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Mali (X tons), Canada (X tons) and Burkina Faso (X tons) were the main destinations of exports of malt extract and food preparations of flour, meal, and starches from Cote d'Ivoire, with a combined 57% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mali (with a CAGR of +128.5%), while the other leaders experienced more modest paces of growth.

In value terms, Mali ($X), Gabon ($X) and Canada ($X) appeared to be the largest markets for malt extract and food preparations of flour, meal, and starch exported from Cote d'Ivoire worldwide, with a combined 71% share of total exports.

In terms of the main countries of destination, Mali, with a CAGR of +87.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, surging by 10% against the previous year. In general, the export price saw strong growth. The pace of growth was the most pronounced in 2015 an increase of 67%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Gabon ($X per ton), while the average price for exports to Niger ($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 Gabon (+24.5%), while the prices for the other major destinations experienced a decline.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Cote d'Ivoire

Imports of malt extract and food preparations of flour, meal, and starches into Cote d'Ivoire contracted notably to X tons in 2022, which is down by -33.5% compared with 2021. In general, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 204% against the previous year. As a result, imports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, imports of malt extract and food preparations of flour, meal, and starches declined notably to $X in 2022. Overall, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 247%. As a result, imports reached the peak of $X, and then fell dramatically in the following year.

Imports by Country

The Netherlands (X tons), Ireland (X tons) and Poland (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Cote d'Ivoire, with a combined 78% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +60.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Ireland ($X) and Poland ($X) were the largest malt extract and food preparations of flour, meal, and starch suppliers to Cote d'Ivoire, with a combined 81% share of total imports.

Poland, with a CAGR of +58.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, falling by -3.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 15% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then contracted in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Ghana ($X per ton) and the Netherlands ($X per ton), while the price for France ($X per ton) and Ireland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform