Cote d'Ivoire: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in Cote d'Ivoire

The Cote d'Ivoire's plastic reservoir market was estimated at $X in 2022, increasing by 8.6% against the previous year. In general, consumption, however, showed a perceptible reduction. Plastic reservoir consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Plastic Reservoir Production in Cote d'Ivoire

In value terms, plastic reservoir production rose slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 32%. Plastic reservoir production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Plastic Reservoir Exports

Exports from Cote d'Ivoire

In 2022, the amount of plastic reservoirs, tanks and vats exported from Cote d'Ivoire surged to X tons, growing by 22% compared with the year before. In general, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 172%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, plastic reservoir exports surged to $X in 2022. Over the period under review, exports, however, showed a sharp curtailment. The growth pace was the most rapid in 2020 when exports increased by 192%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Niger (X tons) was the main destination for plastic reservoir exports from Cote d'Ivoire, accounting for a 69% share of total exports. Moreover, plastic reservoir exports to Niger exceeded the volume sent to the second major destination, Burkina Faso (X tons), fourfold. Mali (X kg) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume to Niger stood at -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+26.9% per year) and Mali (-19.6% per year).

In value terms, Burkina Faso ($X), Liberia ($X) and Ghana ($X) were the largest markets for plastic reservoir exported from Cote d'Ivoire worldwide, together accounting for 82% of total exports.

Burkina Faso, with a CAGR of +21.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic reservoir export price stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the export price, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2018 an increase of 76%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Guinea ($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 Ghana (+46.6%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Reservoir Imports

Imports into Cote d'Ivoire

In 2022, plastic reservoir imports into Cote d'Ivoire soared to X tons, rising by 186% against the year before. Overall, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2020 with an increase of 299% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, plastic reservoir imports surged to $X in 2022. Over the period under review, imports saw a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 510%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of plastic reservoir to Cote d'Ivoire, accounting for a 41% share of total imports. Moreover, plastic reservoir imports from Malaysia exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. China (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia totaled +71.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+17.4% per year) and China (+21.9% per year).

In value terms, Malaysia ($X) constituted the largest supplier of plastic reservoirs, tanks and vats to Cote d'Ivoire, comprising 55% of total imports. The second position in the ranking was held by France ($X), with a 16% share of total imports. It was followed by Portugal, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia totaled +67.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+8.9% per year) and Portugal (+40.5% per year).

Import Prices by Country

In 2022, the average plastic reservoir import price amounted to $X per ton, shrinking by -8.8% against the previous year. Over the period under review, the import price recorded a slight descent. The pace of growth appeared the most rapid in 2020 when the average import price increased by 53%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for India ($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 (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform