Cote d'Ivoire: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Cote d'Ivoire

The Cote d'Ivoire's market for plastics pipes and pipe fittings reduced to $X in 2022, waning by -7.5% against the previous year. In general, consumption, however, saw a prominent increase. Over the period under review, the market hit record highs at $X in 2021, and then fell in the following year.

Production of Plastics Pipes And Pipe Fittings in Cote d'Ivoire

In value terms, plastics pipe and pipe fitting production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a prominent increase. The growth pace was the most rapid in 2016 with an increase of 29% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Plastics Pipes And Pipe Fittings

Exports from Cote d'Ivoire

In 2022, the amount of plastics pipes and pipe fittings exported from Cote d'Ivoire soared to X tons, rising by 34% compared with 2021 figures. Over the period under review, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 37%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, plastics pipe and pipe fitting exports skyrocketed to $X in 2022. Overall, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.9% against 2019 indices. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for plastics pipe and pipe fitting exports from Cote d'Ivoire, accounting for a 42% share of total exports. Moreover, plastics pipe and pipe fitting exports to Burkina Faso exceeded the volume sent to the second major destination, Mali (X tons), twofold. Niger (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Burkina Faso totaled +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (+19.8% per year) and Niger (+16.4% per year).

In value terms, Burkina Faso ($X), Mali ($X) and Benin ($X) appeared to be the largest markets for plastics pipe and pipe fitting exported from Cote d'Ivoire worldwide, together comprising 66% of total exports. Niger, Senegal, Togo, Guinea and Ghana lagged somewhat behind, together accounting for a further 25%.

Togo, with a CAGR of +45.6%, 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 export price for plastics pipes and pipe fittings stood at $X per ton in 2022, waning by -5.9% against the previous year. Overall, the export price continues to indicate a noticeable setback. The growth pace was the most rapid in 2021 an increase of 9.9% against the previous year. Over the period under review, the average export prices hit record highs 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Niger ($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 Togo (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into Cote d'Ivoire

In 2022, after five years of growth, there was significant decline in purchases abroad of plastics pipes and pipe fittings, when their volume decreased by -14.2% to X tons. In general, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 99% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, plastics pipe and pipe fitting imports shrank dramatically to $X in 2022. Overall, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 84% against the previous year. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

Spain (X tons), China (X tons) and Australia (X tons) were the main suppliers of plastics pipe and pipe fitting imports to Cote d'Ivoire, together accounting for 74% of total imports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +99.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastics pipe and pipe fitting suppliers to Cote d'Ivoire were Spain ($X), France ($X) and China ($X), together comprising 61% of total imports. Australia, Ghana, Italy and Turkey lagged somewhat behind, together comprising a further 23%.

Australia, with a CAGR of +70.3%, recorded the highest rates of growth with regard to 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 import price for plastics pipes and pipe fittings amounted to $X per ton, falling by -10.1% against the previous year. Over the period under review, the import price showed a perceptible slump. The pace of growth appeared the most rapid in 2021 an increase of 38% against the previous year. Over the period under review, average import prices attained the maximum 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 France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform