Cote d'Ivoire: Plastic Closure Market 2025

Plastic Closure Market Size in Cote d'Ivoire

The Cote d'Ivoire's plastic closure market reduced to $X in 2022, waning by -8.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +13.8% against 2020 indices. Plastic closure consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Plastic Closure Exports

Exports from Cote d'Ivoire

In 2022, overseas shipments of plastic stoppers, caps and closures decreased by -3.4% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 217%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic closure exports expanded modestly to $X in 2022. Over the period under review, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 194%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Senegal (X tons), Burkina Faso (X tons) and Mali (X tons) were the main destinations of plastic closure exports from Cote d'Ivoire, with a combined 76% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Burkina Faso (with a CAGR of +23.5%), while the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Mali ($X) and Burkina Faso ($X) constituted the largest markets for plastic closure exported from Cote d'Ivoire worldwide, together comprising 73% of total exports.

In terms of the main countries of destination, Burkina Faso, with a CAGR of +17.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average plastic closure export price amounted to $X per ton, rising by 5.8% against the previous year. Over the period under review, the export price, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2018 an increase of 6.7%. The export price peaked at $X per ton in 2013; however, from 2014 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 ($X per ton), while the average price for exports to Burkina Faso ($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 Benin (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Closure Imports

Imports into Cote d'Ivoire

In 2022, the amount of plastic stoppers, caps and closures imported into Cote d'Ivoire reduced to X tons, approximately mirroring the previous year's figure. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.5% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 31% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, plastic closure imports contracted to $X in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +14.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 30%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Lithuania (X tons), China (X tons) and Spain (X tons) were the main suppliers of plastic closure imports to Cote d'Ivoire, with a combined 67% share of total imports. Turkey, France, India and Italy lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +28.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Lithuania ($X) and Spain ($X) appeared to be the largest plastic closure suppliers to Cote d'Ivoire, together comprising 62% of total imports. France, Turkey, India and Italy lagged somewhat behind, together accounting for a further 23%.

In terms of the main suppliers, Turkey, with a CAGR of +28.3%, 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 plastic closure import price stood at $X per ton in 2022, falling by -10.5% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 29% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform