Cote d'Ivoire: Personal Weighing Machine Market 2024

Personal Weighing Machine Market Size in Cote d'Ivoire

In 2022, the Cote d'Ivoire's personal weighing machine market decreased by -42.5% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, continues to indicate a resilient increase. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Personal Weighing Machine Exports

Exports from Cote d'Ivoire

In 2022, the amount of personal weighing machines exported from Cote d'Ivoire skyrocketed to X units, rising by 82% against the previous year's figure. In general, exports posted a prominent increase. The growth pace was the most rapid in 2020 when exports increased by 307%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, personal weighing machine exports surged to $X in 2022. Overall, exports enjoyed buoyant growth. The growth pace was the most rapid in 2020 when exports increased by 600% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Mali (X units) was the main destination for personal weighing machine exports from Cote d'Ivoire, accounting for a 52% share of total exports. Moreover, personal weighing machine exports to Mali exceeded the volume sent to the second major destination, Niger (X units), threefold. Senegal (X units) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mali stood at +33.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+42.7% per year) and Senegal (-4.7% per year).

In value terms, Mali ($X) remains the key foreign market for personal weighing machines exports from Cote d'Ivoire, comprising 55% of total exports. The second position in the ranking was held by Niger ($X), with an 18% share of total exports. It was followed by Senegal, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value to Mali stood at +41.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+53.6% per year) and Senegal (+3.2% per year).

Export Prices by Country

The average personal weighing machine export price stood at $X per unit in 2022, picking up by 11% against the previous year. In general, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 72%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per unit), while the average price for exports to Benin ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Personal Weighing Machine Imports

Imports into Cote d'Ivoire

After two years of growth, supplies from abroad of personal weighing machines decreased by -43.2% to X units in 2022. Overall, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 638%. As a result, imports reached the peak of X units, and then declined notably in the following year.

In value terms, personal weighing machine imports dropped significantly to $X in 2022. In general, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 546%. As a result, imports reached the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2022, China (X units) was the main personal weighing machine supplier to Cote d'Ivoire, with a 93% share of total imports. It was followed by Singapore (X units), with a 1.5% share of total imports. The third position in this ranking was held by France (X units), with a 0.2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +25.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+42.6% per year) and France (-18.9% per year).

In value terms, China ($X) constituted the largest supplier of personal weighing machines to Cote d'Ivoire, comprising 84% of total imports. The second position in the ranking was taken by Singapore ($X), with a 5.8% share of total imports. It was followed by France, with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +23.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+61.0% per year) and France (-7.3% per year).

Import Prices by Country

The average personal weighing machine import price stood at $X per unit in 2022, surging by 1.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 30% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform