Cote d'Ivoire: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Cote d'Ivoire

The Cote d'Ivoire's barium or aluminium sulphates market rose markedly to $X in 2022, picking up by 8.3% 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). In general, consumption enjoyed prominent growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Exports of Sulphates Of Barium Or Aluminium

Exports from Cote d'Ivoire

In 2022, shipments abroad of sulphates of barium or aluminium increased by 8.3% to X tons, rising for the second consecutive year after three years of decline. In general, exports, however, continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2017 with an increase of 268% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, barium or aluminium sulphates exports declined slightly to $X in 2022. Overall, exports, however, recorded a significant curtailment. The pace of growth was the most pronounced in 2017 with an increase of 153%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Ghana (X tons) was the main destination for barium or aluminium sulphates exports from Cote d'Ivoire, with a 89% share of total exports. Moreover, barium or aluminium sulphates exports to Ghana exceeded the volume sent to the second major destination, Burkina Faso (X tons), more than tenfold. Togo (X kg) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume to Ghana totaled -26.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (-12.4% per year) and Togo (-36.5% per year).

In value terms, Ghana ($X) remains the key foreign market for sulphates of barium or aluminium exports from Cote d'Ivoire, comprising 95% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a 3.6% share of total exports. It was followed by Togo, with a 1% share.

From 2012 to 2022, the average annual growth rate of value to Ghana totaled -24.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (-19.3% per year) and Togo (-38.9% per year).

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2022, which is down by -10.6% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 an increase of 53% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Mali ($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 Ghana (+2.8%), while the prices for the other major destinations experienced a decline.

Imports of Sulphates Of Barium Or Aluminium

Imports into Cote d'Ivoire

In 2022, the amount of sulphates of barium or aluminium imported into Cote d'Ivoire expanded notably to X tons, surging by 7.8% on 2021 figures. Overall, imports saw a strong increase. The growth pace was the most rapid in 2018 with an increase of 61%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, barium or aluminium sulphates imports expanded significantly to $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 53% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Turkey (X tons), Sweden (X tons) and Morocco (X tons) were the main suppliers of barium or aluminium sulphates imports to Cote d'Ivoire, with a combined 91% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +76.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest barium or aluminium sulphates suppliers to Cote d'Ivoire were Sweden ($X), Turkey ($X) and Morocco ($X), with a combined 89% share of total imports.

Turkey, with a CAGR of +63.4%, recorded the highest growth rate of 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

The average barium or aluminium sulphates import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price, however, saw a pronounced setback. The pace of growth appeared the most rapid in 2021 when the average import price increased by 11%. 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 Morocco ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform