Cote d'Ivoire: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Cote d'Ivoire

The Cote d'Ivoire's ride-on compaction equipment market shrank to $X in 2022, waning by -12% 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, enjoyed resilient growth. Over the period under review, the market reached the maximum level at $X in 2021, and then fell in the following year.

Ride-On Compaction Equipment Exports

Exports from Cote d'Ivoire

In 2022, the amount of ride-on compaction equipment exported from Cote d'Ivoire dropped modestly to X units, which is down by -4.8% on the year before. In general, exports, however, continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2014 with an increase of 329% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, ride-on compaction equipment exports stood at $X in 2022. Over the period under review, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2014 with an increase of 464% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X units) was the main destination for ride-on compaction equipment exports from Cote d'Ivoire, accounting for a 75% share of total exports. Moreover, ride-on compaction equipment exports to Burkina Faso exceeded the volume sent to the second major destination, Mali (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burkina Faso amounted to +1.4%.

In value terms, Burkina Faso ($X) remains the key foreign market for ride-on compaction equipment exports from Cote d'Ivoire, comprising 72% of total exports. The second position in the ranking was held by Mali ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Burkina Faso amounted to +2.3%.

Export Prices by Country

The average ride-on compaction equipment export price stood at $X per unit in 2022, with an increase of 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 32% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mali ($X per unit), while the average price for exports to Burkina Faso totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mali (+75.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ride-On Compaction Equipment Imports

Imports into Cote d'Ivoire

In 2022, ride-on compaction equipment imports into Cote d'Ivoire shrank rapidly to X units, which is down by -22% against 2021. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 when imports increased by 109% against the previous year. Imports peaked at X units in 2021, and then fell significantly in the following year.

In value terms, ride-on compaction equipment imports totaled $X in 2022. Overall, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2017 with an increase of 116%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of ride-on compaction equipment to Cote d'Ivoire, accounting for a 67% share of total imports. Moreover, ride-on compaction equipment imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The United States (X units) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +47.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.3% per year) and the United States (+21.0% per year).

In value terms, China ($X) constituted the largest supplier of ride-on compaction equipment to Cote d'Ivoire, comprising 66% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports. It was followed by the United States, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +40.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.3% per year) and the United States (+14.6% per year).

Import Prices by Country

In 2022, the average ride-on compaction equipment import price amounted to $X per unit, picking up by 33% against the previous year. In general, the import price, however, continues to indicate a deep slump. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Belgium ($X per unit) and the United States ($X per unit), while the price for China ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform