Cote d'Ivoire: Other Chemical Products Market 2024

Other Chemical Products Market Size in Cote d'Ivoire

After four years of growth, the Cote d'Ivoire's other chemical products market decreased by -2.6% to $X in 2022. Overall, consumption saw a perceptible setback. Other chemical products consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Other Chemical Products Exports

Exports from Cote d'Ivoire

In 2022, approx. X tons of other chemical products were exported from Cote d'Ivoire; surging by 9.9% on the previous year. In general, exports, however, recorded a dramatic decline. The most prominent rate of growth was recorded in 2019 with an increase of 219% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, other chemical products exports soared to $X in 2022. Over the period under review, exports, however, showed a dramatic decrease. The pace of growth was the most pronounced in 2019 with an increase of 228% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Ghana (X tons) was the main destination for other chemical products exports from Cote d'Ivoire, with a 56% share of total exports. Moreover, other chemical products exports to Ghana exceeded the volume sent to the second major destination, Gabon (X tons), twofold. Guinea (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ghana stood at -31.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gabon (-23.2% per year) and Guinea (-11.7% per year).

In value terms, Gabon ($X) remains the key foreign market for other chemical products exports from Cote d'Ivoire, comprising 57% of total exports. The second position in the ranking was taken by Ghana ($X), with a 14% share of total exports. It was followed by Guinea, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Gabon amounted to -21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-36.8% per year) and Guinea (-14.4% per year).

Export Prices by Country

The average other chemical products export price stood at $X per ton in 2022, increasing by 5.8% against the previous year. In general, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, other chemical products export price increased by +39.6% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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 Gabon ($X per ton), while the average price for exports to Ghana ($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 Mauritania (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Cote d'Ivoire

In 2022, overseas purchases of other chemical products decreased by -3.9% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 76%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, other chemical products imports fell modestly to $X in 2022. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2014 when imports increased by 82% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of other chemical products to Cote d'Ivoire, accounting for a 48% share of total imports. Moreover, other chemical products imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Spain (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.5% per year) and Spain (+7.5% per year).

In value terms, the largest other chemical products suppliers to Cote d'Ivoire were Germany ($X), Italy ($X) and Belgium ($X), together comprising 53% of total imports. Spain, France, South Africa, China, Egypt, Vietnam and the United States lagged somewhat behind, together comprising a further 35%.

In terms of the main suppliers, Vietnam, with a CAGR of +15.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average other chemical products import price stood at $X per ton in 2022, growing by 2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 31% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Belgium ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform