Cote d'Ivoire: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Cote d'Ivoire

In 2022, after two years of growth, there was significant decline in the Cote d'Ivoire's propylene polymer rigid pipes market, when its value decreased by -32.8% to $X. In general, consumption, however, saw a strong increase. As a result, consumption reached the peak level of $X, and then reduced dramatically in the following year.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Exports from Cote d'Ivoire

In 2022, approx. X tons of rigid tubes, pipes and hoses of polymers of propylene were exported from Cote d'Ivoire; rising by 156% on the previous year. In general, exports recorded a significant increase. The growth pace was the most rapid in 2017 when exports increased by 572% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, propylene polymer rigid pipes exports soared to $X in 2022. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 252% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for propylene polymer rigid pipes exports from Cote d'Ivoire, accounting for a 55% share of total exports. Moreover, propylene polymer rigid pipes exports to Burkina Faso exceeded the volume sent to the second major destination, Mali (X tons), threefold. Niger (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burkina Faso amounted to +55.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (+76.5% per year) and Niger (+28.3% per year).

In value terms, Burkina Faso ($X), Mali ($X) and Niger ($X) constituted the largest markets for propylene polymer rigid pipes exported from Cote d'Ivoire worldwide, with a combined 94% share of total exports.

Burkina Faso, with a CAGR of +85.8%, recorded the highest growth rate of the value of exports, in terms of 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 propylene polymer rigid pipes export price stood at $X per ton in 2022, reducing by -9.8% against the previous year. Over the period under review, the export price recorded a perceptible decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 31%. The export price peaked at $X per ton in 2016; however, from 2017 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 Mali ($X per ton), while the average price for exports to Benin ($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 (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Imports into Cote d'Ivoire

In 2022, supplies from abroad of rigid tubes, pipes and hoses of polymers of propylene decreased by -18.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 110% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted markedly in the following year.

In value terms, propylene polymer rigid pipes imports fell sharply to $X in 2022. Over the period under review, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2014 when imports increased by 96%. Imports peaked at $X in 2021, and then shrank sharply in the following year.

Imports by Country

China (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of propylene polymer rigid pipes imports to Cote d'Ivoire, with a combined 60% share of total imports. France, Portugal, the UK and Greece lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +68.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest propylene polymer rigid pipes suppliers to Cote d'Ivoire were China ($X), Italy ($X) and France ($X), with a combined 38% share of total imports. Turkey, Portugal, the UK and Greece lagged somewhat behind, together accounting for a further 24%.

Greece, with a CAGR of +49.0%, saw 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 propylene polymer rigid pipes import price stood at $X per ton in 2022, waning by -2.6% against the previous year. Overall, the import price recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2019 when the average import price increased by 21% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+17.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform