Cote d'Ivoire: Particle Board Market 2024

Particle Board Market Size in Cote d'Ivoire

After three years of growth, the Cote d'Ivoire's particle board market decreased by -30.9% to $X in 2022. In general, consumption, however, posted buoyant growth. Particle board consumption peaked at $X in 2021, and then reduced markedly in the following year.

Particle Board Production in Cote d'Ivoire

In value terms, particle board production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 8.1% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Particle Board Exports

Exports from Cote d'Ivoire

In 2022, after three years of decline, there was significant growth in overseas shipments of particle board, when their volume increased by 45% to X cubic meters. Overall, exports, however, recorded a abrupt descent. The growth pace was the most rapid in 2016 with an increase of 6,081%. As a result, the exports reached the peak of X cubic meters. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, particle board exports surged to $X in 2022. In general, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by 4,904% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X cubic meters) was the main destination for particle board exports from Cote d'Ivoire, accounting for a 76% share of total exports. Moreover, particle board exports to France exceeded the volume sent to the second major destination, Denmark (X cubic meters), more than tenfold. The UK (X cubic meters) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-4.0% per year) and the UK (-4.5% per year).

In value terms, France ($X) remains the key foreign market for particle board exports from Cote d'Ivoire, comprising 73% of total exports. The second position in the ranking was held by Denmark ($X), with an 8.7% share of total exports. It was followed by the UK, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to France totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-2.5% per year) and the UK (-5.5% per year).

Export Prices by Country

The average particle board export price stood at $X per cubic meter in 2022, approximately reflecting 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 2017 an increase of 19% against the previous year. The export price peaked at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per cubic meter), while the average price for exports to Italy ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

Particle Board Imports

Imports into Cote d'Ivoire

Particle board imports into Cote d'Ivoire shrank rapidly to X cubic meters in 2022, dropping by -40.4% on the previous year. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 415% against the previous year. As a result, imports reached the peak of X cubic meters, and then reduced sharply in the following year.

In value terms, particle board imports dropped notably to $X in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 382% against the previous year. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

Turkey (X cubic meters), France (X cubic meters) and Romania (X cubic meters) were the main suppliers of particle board imports to Cote d'Ivoire, together comprising 83% of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +65.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest particle board suppliers to Cote d'Ivoire were Turkey ($X), France ($X) and Romania ($X), together comprising 77% of total imports.

Romania, with a CAGR of +72.5%, 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 particle board import price amounted to $X per cubic meter, standing approx. at the previous year. Over the period under review, the import price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 2.7% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2012; however, from 2013 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 China ($X per cubic meter), while the price for Lebanon ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform