Cote d'Ivoire: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2024

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Cote d'Ivoire

In 2022, after two years of growth, there was significant decline in the Cote d'Ivoire's stainless steel household articles market, when its value decreased by -7.4% to $X. Over the period under review, consumption, however, continues to indicate a significant increase. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from Cote d'Ivoire

In 2022, exports of table, kitchen or household articles and parts of stainless steel from Cote d'Ivoire rose markedly to X units, surging by 6.3% on 2021 figures. Overall, exports posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 7,806%. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, stainless steel household articles exports surged to $X in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 6,716% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Mali (X units), Nigeria (X units) and Burkina Faso (X units) were the main destinations of stainless steel household articles exports from Cote d'Ivoire, together accounting for 74% of total exports. Niger, Benin, Senegal, Chad and Cameroon lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Benin (with a CAGR of +78.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for stainless steel household articles exported from Cote d'Ivoire were Nigeria ($X), Mali ($X) and Burkina Faso ($X), with a combined 70% share of total exports. Niger, Chad, Cameroon, Benin and Senegal lagged somewhat behind, together comprising a further 23%.

Among the main countries of destination, Niger, with a CAGR of +88.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average stainless steel household articles export price stood at $X per unit in 2022, picking up by 9.3% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average export price increased by 58%. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Chad ($X per unit), while the average price for exports to Senegal ($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 Burkina Faso (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into Cote d'Ivoire

In 2022, approx. X units of table, kitchen or household articles and parts of stainless steel were imported into Cote d'Ivoire; shrinking by -7.8% on 2021 figures. Overall, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 175%. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, stainless steel household articles imports reduced to $X in 2022. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2015 with an increase of 271% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of stainless steel household articles to Cote d'Ivoire, with a 84% share of total imports. Moreover, stainless steel household articles imports from China exceeded the figures recorded by the second-largest supplier, India (X units), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +18.6%.

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of stainless steel to Cote d'Ivoire, comprising 86% of total imports. The second position in the ranking was taken by India ($X), with a 9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +33.2%.

Import Prices by Country

The average stainless steel household articles import price stood at $X per unit in 2022, remaining constant against the previous year. In general, the import price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 an increase of 37% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for India totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.2%).

Source: IndexBox Platform