Cote d'Ivoire: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Cote d'Ivoire

The Cote d'Ivoire's polyphenols and phenol-alcohols market expanded slightly to $X in 2022, rising by 3.7% 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). Over the period under review, consumption, however, showed a resilient expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Polyphenols And Phenol-Alcohols Exports

Exports from Cote d'Ivoire

In 2022, after two years of growth, there was significant decline in overseas shipments of polyphenols and phenol-alcohols, when their volume decreased by -62.4% to X tons. In general, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 518%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols exports dropped rapidly to $X in 2022. Overall, exports continue to indicate a deep slump. The growth pace was the most rapid in 2015 when exports increased by 265% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then plummeted in the following year.

Exports by Country

Senegal (X tons) was the main destination for polyphenols and phenol-alcohols exports from Cote d'Ivoire, accounting for a 60% share of total exports. Moreover, polyphenols and phenol-alcohols exports to Senegal exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X tons), fourfold. The third position in this ranking was taken by Togo (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Senegal totaled -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+26.5% per year) and Togo (-15.4% per year).

In value terms, Senegal ($X) remains the key foreign market for polyphenols and phenol-alcohols exports from Cote d'Ivoire, comprising 60% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a 25% share of total exports. It was followed by Togo, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value to Senegal stood at -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+32.4% per year) and Togo (-21.5% per year).

Export Prices by Country

In 2022, the average polyphenols and phenol-alcohols export price amounted to $X per ton, with a decrease of -33.4% against the previous year. Overall, the export price saw a perceptible contraction. The most prominent rate of growth was recorded in 2017 an increase of 46%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 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 Democratic Republic of the Congo ($X per ton), while the average price for exports to Burkina Faso ($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 Democratic Republic of the Congo (+4.7%), while the prices for the other major destinations experienced a decline.

Polyphenols And Phenol-Alcohols Imports

Imports into Cote d'Ivoire

In 2022, imports of polyphenols and phenol-alcohols into Cote d'Ivoire declined to X tons, waning by -13.9% on the previous year's figure. Overall, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2019 when imports increased by 118% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, polyphenols and phenol-alcohols imports expanded significantly to $X in 2022. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 125% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Italy (X tons), France (X tons) and Germany (X tons) were the main suppliers of polyphenols and phenol-alcohols imports to Cote d'Ivoire, with a combined 62% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +37.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyphenols and phenol-alcohols suppliers to Cote d'Ivoire were Germany ($X), Italy ($X) and Japan ($X), with a combined 66% share of total imports.

Germany, with a CAGR of +38.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyphenols and phenol-alcohols import price stood at $X per ton in 2022, surging by 33% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform