Cote d'Ivoire: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Cote d'Ivoire

The Cote d'Ivoire's plastic ornamental articles market declined remarkably to $X in 2022, waning by -48.6% 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, posted significant growth. As a result, consumption reached the peak level of $X, and then reduced markedly in the following year.

Plastic Ornamental Articles Exports

Exports from Cote d'Ivoire

Plastic ornamental articles exports from Cote d'Ivoire expanded significantly to X kg in 2022, surging by 11% against 2021 figures. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 545% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, plastic ornamental articles exports dropped to $X in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 204%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Gabon (X kg) was the main destination for plastic ornamental articles exports from Cote d'Ivoire, accounting for a 71% share of total exports. Moreover, plastic ornamental articles exports to Gabon exceeded the volume sent to the second major destination, the United States (X kg), sixfold. The third position in this ranking was taken by Lebanon (X kg), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Gabon totaled +82.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+53.4% per year) and Lebanon (+39.0% per year).

In value terms, Gabon ($X), France ($X) and the United States ($X) appeared to be the largest markets for plastic ornamental articles exported from Cote d'Ivoire worldwide, together accounting for 74% of total exports.

Gabon, with a CAGR of +92.9%, recorded the highest rates of growth with regard to 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 plastic ornamental articles export price stood at $X per ton in 2022, dropping by -22.2% against the previous year. Overall, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of 142% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then dropped remarkably in the following year.

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 France ($X per ton), while the average price for exports to Lebanon ($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 Burkina Faso (+41.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Imports

Imports into Cote d'Ivoire

Plastic ornamental articles imports into Cote d'Ivoire shrank rapidly to X tons in 2022, reducing by -49.1% on 2021. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,739% against the previous year. As a result, imports reached the peak of X tons, and then dropped notably in the following year.

In value terms, plastic ornamental articles imports contracted notably to $X in 2022. In general, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 2,925% against the previous year. As a result, imports reached the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic ornamental articles to Cote d'Ivoire, with a 77% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. France (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +25.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+76.2% per year) and France (+18.3% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Cote d'Ivoire, comprising 55% of total imports. The second position in the ranking was taken by France ($X), with an 11% share of total imports. It was followed by Germany, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +31.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+27.0% per year) and Germany (+113.3% per year).

Import Prices by Country

The average plastic ornamental articles import price stood at $X per ton in 2022, stabilizing at the previous year. In general, the import price recorded a temperate increase. The most prominent rate of growth was recorded in 2020 an increase of 99% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

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 Italy ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform