Cote d'Ivoire: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Cote d'Ivoire

In 2022, after two years of growth, there was decline in the Cote d'Ivoire's synthetic organic colouring matters market, when its value decreased by -0.7% to $X. In general, consumption saw a slight slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Other Synthetic Organic Colouring Matters in Cote d'Ivoire

In value terms, synthetic organic colouring matters production totaled $X in 2022 estimated in export price. In general, production, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of 32% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Other Synthetic Organic Colouring Matters

Exports from Cote d'Ivoire

In 2022, the amount of other synthetic organic colouring matters exported from Cote d'Ivoire declined remarkably to X tons, reducing by -41.9% compared with the previous year's figure. In general, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 98%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, synthetic organic colouring matters exports shrank significantly to $X in 2022. Overall, exports saw a abrupt contraction. The growth pace was the most rapid in 2014 with an increase of 76% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ghana (X tons) was the main destination for synthetic organic colouring matters exports from Cote d'Ivoire, accounting for a 35% share of total exports. Moreover, synthetic organic colouring matters exports to Ghana exceeded the volume sent to the second major destination, Togo (X tons), twofold. Mali (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ghana stood at -10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (-12.5% per year) and Mali (-11.2% per year).

In value terms, Ghana ($X) remains the key foreign market for other synthetic organic colouring matters exports from Cote d'Ivoire, comprising 32% of total exports. The second position in the ranking was taken by Togo ($X), with a 15% share of total exports. It was followed by Burkina Faso, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Ghana amounted to -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (-14.2% per year) and Burkina Faso (-6.7% per year).

Export Prices by Country

In 2022, the average synthetic organic colouring matters export price amounted to $X per ton, with an increase of 6.2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 22%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 ($X per ton), while the average price for exports to Niger ($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 Burkina Faso (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Other Synthetic Organic Colouring Matters

Imports into Cote d'Ivoire

In 2022, purchases abroad of other synthetic organic colouring matters decreased by -21.6% to X tons for the first time since 2014, thus ending a seven-year rising trend. Overall, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 55%. As a result, imports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, synthetic organic colouring matters imports declined modestly to $X in 2022. Over the period under review, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 66%. As a result, imports attained the peak of $X, and then reduced slightly in the following year.

Imports by Country

Brazil (X tons), India (X tons) and China (X tons) were the main suppliers of synthetic organic colouring matters imports to Cote d'Ivoire, with a combined 47% share of total imports. The United Arab Emirates, Germany, Spain, France, South Korea, Belgium and Greece lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +42.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Germany ($X) and China ($X) constituted the largest synthetic organic colouring matters suppliers to Cote d'Ivoire, together accounting for 46% of total imports. Spain, France, South Korea, the United Arab Emirates, Brazil, Belgium and Greece lagged somewhat behind, together accounting for a further 37%.

Among the main suppliers, Spain, with a CAGR of +41.5%, saw the highest growth rate of 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 synthetic organic colouring matters import price stood at $X per ton in 2022, growing by 22% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 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 South Korea ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform