Cote d'Ivoire: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Cote d'Ivoire

In 2022, after five years of growth, there was significant decline in the Cote d'Ivoire's polypropylene in primary forms market, when its value decreased by -13.9% to $X. Over the period under review, consumption, however, enjoyed a remarkable increase. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Exports of Polypropylene in Primary Forms

Exports from Cote d'Ivoire

In 2022, the amount of polypropylene in primary forms exported from Cote d'Ivoire reduced to X tons, declining by -5% against the year before. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 401% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, polypropylene in primary forms exports shrank modestly to $X in 2022. Over the period under review, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 375% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X tons), Ghana (X tons) and Mali (X tons) were the main destinations of polypropylene in primary forms exports from Cote d'Ivoire, together accounting for 86% of total exports. Democratic Republic of the Congo and Angola lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +44.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Burkina Faso ($X) and Mali ($X) constituted the largest markets for polypropylene in primary forms exported from Cote d'Ivoire worldwide, with a combined 80% share of total exports. Democratic Republic of the Congo and Angola lagged somewhat behind, together comprising a further 16%.

Democratic Republic of the Congo, with a CAGR of +29.5%, recorded the highest growth rate of 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

In 2022, the average polypropylene in primary forms export price amounted to $X per ton, approximately reflecting the previous year. In general, the export price, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2019 when the average export price increased by 32%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Burkina Faso ($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 Angola (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polypropylene in Primary Forms

Imports into Cote d'Ivoire

In 2022, after three years of growth, there was decline in purchases abroad of polypropylene in primary forms, when their volume decreased by -3.3% to X tons. Overall, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced slightly in the following year.

In value terms, polypropylene in primary forms imports declined significantly to $X in 2022. In general, imports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 54%. As a result, imports attained the peak of $X, and then declined sharply in the following year.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest polypropylene in primary forms supplier to Cote d'Ivoire, accounting for a 51% share of total imports. Moreover, polypropylene in primary forms imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. South Africa (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia amounted to +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+30.2% per year) and South Africa (-6.6% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of polypropylene in primary forms to Cote d'Ivoire, comprising 54% of total imports. The second position in the ranking was taken by South Korea ($X), with a 16% share of total imports. It was followed by South Africa, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia totaled +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+34.3% per year) and South Africa (-9.3% per year).

Import Prices by Country

In 2022, the average polypropylene in primary forms import price amounted to $X per ton, declining by -14.7% against the previous year. In general, the import price saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 44%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($X per ton) and the United Arab Emirates ($X per ton), while the price for France ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform