Cote d'Ivoire: Market for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers 2024

Market Size for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in Cote d'Ivoire

The Cote d'Ivoire's spindles and spindle flyer market totaled $X in 2022, standing approx. at the previous year. In general, consumption, however, continues to indicate a deep setback. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in Cote d'Ivoire

In value terms, spindles and spindle flyer production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2014 with an increase of 15%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers

Exports from Cote d'Ivoire

In 2019, overseas shipments of spindles and spindle flyers, spinning ring and ring travellers increased by 30% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, spindles and spindle flyer exports declined notably to $X in 2019. In general, exports saw a significant increase. The smallest decline of -43.6% was in 2015. The exports peaked at $X in 2018, and then shrank sharply in the following year.

Exports by Country

Nigeria (X tons) was the main destination for spindles and spindle flyer exports from Cote d'Ivoire, with a approx. 100% share of total exports.

From 2014 to 2019, the average annual growth rate of volume to Nigeria was relatively modest.

In value terms, Nigeria ($X) emerged as the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from Cote d'Ivoire.

From 2014 to 2019, the average annual growth rate of value to Nigeria was relatively modest.

Export Prices by Country

In 2019, the average spindles and spindle flyer export price amounted to $X per ton, declining by -61.1% against the previous year. In general, the export price recorded a precipitous decrease. The pace of growth appeared the most rapid in 2015 a decrease of -46.1%. The export price peaked at $X per ton in 2014; however, from 2015 to 2019, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Nigeria.

From 2014 to 2019, the rate of growth in terms of prices for Nigeria amounted to 0.0% per year.

Imports of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers

Imports into Cote d'Ivoire

After two years of decline, overseas purchases of spindles and spindle flyers, spinning ring and ring travellers increased by 16% to X kg in 2022. Over the period under review, imports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 389%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, spindles and spindle flyer imports amounted to $X in 2022. Overall, imports, however, faced a dramatic decline. The growth pace was the most rapid in 2019 when imports increased by 419% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X kg) constituted the largest supplier of spindles and spindle flyer to Cote d'Ivoire, with a 50% share of total imports. Moreover, spindles and spindle flyer imports from China exceeded the figures recorded by the second-largest supplier, India (X kg), twofold. Tanzania (X kg) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-27.9% per year) and Tanzania (0.0% per year).

In value terms, India ($X) constituted the largest supplier of spindles and spindle flyers, spinning ring and ring travellers to Cote d'Ivoire, comprising 36% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Tanzania, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to -25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.4% per year) and Tanzania (0.0% per year).

Import Prices by Country

The average spindles and spindle flyer import price stood at $X per ton in 2022, remaining constant against the previous year. In general, the import price continues to indicate a pronounced contraction. The growth pace was the most rapid in 2021 an increase of 79%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 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 Tanzania ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform