Cote d'Ivoire: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Cote d'Ivoire

The Cote d'Ivoire's polycarboxylic acid market fell to $X in 2022, which is down by -5.1% 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, consumption, however, continues to indicate a relatively flat trend pattern. Polycarboxylic acid consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Polycarboxylic Acid Exports

Exports from Cote d'Ivoire

In 2022, after two years of growth, there was decline in overseas shipments of polycarboxylic acids, when their volume decreased by -0.2% to X tons. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 957% against the previous year. The exports peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, polycarboxylic acid exports reduced to $X in 2022. Overall, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2017 with an increase of 986% against the previous year. The exports peaked at $X in 2021, and then declined slightly in the following year.

Exports by Country

Senegal (X tons) and Mali (X tons) were the main destinations of polycarboxylic acid exports from Cote d'Ivoire.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of +50.0%).

In value terms, Senegal ($X) remains the key foreign market for polycarboxylic acids exports from Cote d'Ivoire, comprising 75% of total exports. The second position in the ranking was taken by Mali ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Senegal stood at +29.3%.

Export Prices by Country

The average polycarboxylic acid export price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 72% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while the average price for exports to Mali amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mali (-11.6%).

Polycarboxylic Acid Imports

Imports into Cote d'Ivoire

In 2022, purchases abroad of polycarboxylic acids increased by 0.1% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated notable growth from 2012 to 2022: its volume 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, imports decreased by -4.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 110%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, polycarboxylic acid imports dropped to $X in 2022. Overall, imports, however, saw a noticeable decrease. The pace of growth appeared the most rapid in 2014 when imports increased by 88% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of polycarboxylic acid to Cote d'Ivoire, accounting for a 38% share of total imports. Moreover, polycarboxylic acid imports from South Korea exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (0.0% per year) and China (+45.4% per year).

In value terms, South Korea ($X) constituted the largest supplier of polycarboxylic acids to Cote d'Ivoire, comprising 41% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 16% share of total imports. It was followed by the United States, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea totaled -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-11.5% per year) and the United States (0.0% per year).

Import Prices by Country

In 2022, the average polycarboxylic acid import price amounted to $X per ton, falling by -7% against the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 21% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 the Netherlands ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform