Cote d'Ivoire: Market for Steering Wheels, Steering Columns And Steering Boxes 2025

Market Size for Steering Wheels, Steering Columns And Steering Boxes in Cote d'Ivoire

The Cote d'Ivoire's steering wheels and columns market was estimated at $X in 2022, growing by 9.1% 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). Over the period under review, consumption enjoyed prominent growth. Steering wheels and columns consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Exports of Steering Wheels, Steering Columns And Steering Boxes

Exports from Cote d'Ivoire

In 2022, after two years of growth, there was significant decline in overseas shipments of steering wheels, steering columns and steering boxes, when their volume decreased by -19.4% to X kg. In general, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 506% against the previous year. Over the period under review, the exports attained the maximum at X kg in 2021, and then contracted dramatically in the following year.

In value terms, steering wheels and columns exports dropped to $X in 2022. Over the period under review, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 816%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Belgium (X kg) was the main destination for steering wheels and columns exports from Cote d'Ivoire, with a 88% share of total exports. Moreover, steering wheels and columns exports to Belgium exceeded the volume sent to the second major destination, the United States (X kg), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at +24.9%.

In value terms, Belgium ($X) remains the key foreign market for steering wheels, steering columns and steering boxes exports from Cote d'Ivoire, comprising 79% of total exports. The second position in the ranking was taken by the United States ($X), with a 9.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium amounted to +33.6%.

Export Prices by Country

The average steering wheels and columns export price stood at $X per ton in 2022, increasing by 6.2% against the previous year. In general, the export price, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2017 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+7.0%).

Imports of Steering Wheels, Steering Columns And Steering Boxes

Imports into Cote d'Ivoire

Steering wheels and columns imports into Cote d'Ivoire reached X tons in 2022, surging by 13% compared with 2021. In general, imports showed a buoyant increase. The pace of growth was the most pronounced in 2014 when imports increased by 83%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, steering wheels and columns imports rose significantly to $X in 2022. Overall, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 92%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of steering wheels and columns to Cote d'Ivoire, with a 41% share of total imports. Moreover, steering wheels and columns imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The UK (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +32.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+43.2% per year) and the UK (+27.8% per year).

In value terms, China ($X) constituted the largest supplier of steering wheels, steering columns and steering boxes to Cote d'Ivoire, comprising 61% of total imports. The second position in the ranking was taken by France ($X), with a 4.6% share of total imports. It was followed by Japan, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +34.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.7% per year) and Japan (+13.2% per year).

Import Prices by Country

In 2022, the average steering wheels and columns import price amounted to $X per ton, reducing by -6.5% against the previous year. Overall, the import price recorded a mild contraction. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 France ($X per ton), while the price for Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform