Cote d'Ivoire: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Cote d'Ivoire

The Cote d'Ivoire's self-propelled boring machinery market declined sharply to $X in 2022, reducing by -19.3% against the previous year. Over the period under review, consumption, however, continues to indicate a strong increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Self-Propelled Boring Machinery Production in Cote d'Ivoire

In value terms, self-propelled boring machinery production amounted to $X in 2022 estimated in export price. In general, production showed a slight slump. The most prominent rate of growth was recorded in 2017 with an increase of 14% against the previous year. Self-propelled boring machinery production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Self-Propelled Boring Machinery Exports

Exports from Cote d'Ivoire

In 2022, shipments abroad of self-propelled boring or sinking machinery increased by 20% to X units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 120%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, self-propelled boring machinery exports surged to $X in 2022. Over the period under review, exports, however, recorded a abrupt descent. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X units), Ghana (X units) and Guinea (X units) were the main destinations of self-propelled boring machinery exports from Cote d'Ivoire, with a combined 67% share of total exports. Moreover, self-propelled boring machinery exports in Burkina Faso exceeded the figures recorded by the second-largest exporter, Ghana, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Burkina Faso (with a CAGR of +7.2%), while the other leaders experienced more modest paces of growth.

In value terms, Burkina Faso ($X) remains the key foreign market for self-propelled boring or sinking machinery exports from Cote d'Ivoire, comprising 56% of total exports. The second position in the ranking was held by Ghana ($X), with a 23% share of total exports. It was followed by Mali, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to Burkina Faso was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-12.9% per year) and Mali (-18.5% per year).

Export Prices by Country

The average self-propelled boring machinery export price stood at $X per unit in 2022, picking up by 387% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while the average price for exports to Guinea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+50.2%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Boring Machinery Imports

Imports into Cote d'Ivoire

In 2022, supplies from abroad of self-propelled boring or sinking machinery decreased by -22.4% to X units, falling for the third year in a row after four years of growth. Overall, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2014 with an increase of 72%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, self-propelled boring machinery imports declined rapidly to $X in 2022. In general, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 252% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Sweden (X units) constituted the largest supplier of self-propelled boring machinery to Cote d'Ivoire, with a 26% share of total imports. Moreover, self-propelled boring machinery imports from Sweden exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. Finland (X units) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden amounted to +34.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+23.1% per year) and Finland (+19.6% per year).

In value terms, the largest self-propelled boring machinery suppliers to Cote d'Ivoire were Sweden ($X), Finland ($X) and Spain ($X), together comprising 48% of total imports. Japan, Australia, France, Belgium, Congo, Italy, South Africa, the United Arab Emirates, China and Ghana lagged somewhat behind, together accounting for a further 37%.

Belgium, with a CAGR of +113.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average self-propelled boring machinery import price amounted to $X per unit, rising by 9.6% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, self-propelled boring machinery import price increased by +101.3% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 104%. The import price peaked in 2022 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 Japan ($X per unit), while the price for Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+91.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform