Cote d'Ivoire: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Cote d'Ivoire

The Cote d'Ivoire's ethylene polymer bag market amounted to $X in 2022, increasing by 3% against the previous year. Over the period under review, consumption enjoyed a resilient increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Ethylene Polymer Bag Production in Cote d'Ivoire

In value terms, ethylene polymer bag production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production posted a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 190%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Ethylene Polymer Bag Exports

Exports from Cote d'Ivoire

In 2022, overseas shipments of sacks and bags of polymers of ethylene increased by 223% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 1,476%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, ethylene polymer bag exports surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 2,141% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Burkina Faso (X tons), Mali (X tons) and Ghana (X tons) were the main destinations of ethylene polymer bag exports from Cote d'Ivoire, with a combined 63% share of total exports. Niger, Cameroon, Guinea and Liberia lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of +1.0%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for ethylene polymer bag exported from Cote d'Ivoire were Burkina Faso ($X), Mali ($X) and Ghana ($X), together comprising 64% of total exports. Niger, Cameroon, Guinea and Liberia lagged somewhat behind, together accounting for a further 22%.

Niger, with a CAGR of -1.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average ethylene polymer bag export price stood at $X per ton in 2022, growing by 51% against the previous year. Overall, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Burkina Faso ($X per ton) and Niger ($X per ton), while the average price for exports to Guinea ($X per ton) and Ghana ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mali (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Ethylene Polymer Bag Imports

Imports into Cote d'Ivoire

In 2022, overseas purchases of sacks and bags of polymers of ethylene decreased by -42.6% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by 557%. As a result, imports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, ethylene polymer bag imports declined sharply to $X in 2022. Overall, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 431% against the previous year. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

France (X tons), China (X tons) and Turkey (X tons) were the main suppliers of ethylene polymer bag imports to Cote d'Ivoire, with a combined 70% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +80.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of sacks and bags of polymers of ethylene to Cote d'Ivoire, comprising 40% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Turkey, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +28.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+24.1% per year) and Turkey (+107.3% per year).

Import Prices by Country

In 2022, the average ethylene polymer bag import price amounted to $X per ton, picking up by 3.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 28%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform