Cote d'Ivoire: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Cote d'Ivoire

In 2022, after six years of growth, there was significant decline in the Cote d'Ivoire's market for turbo, rotary and reciporating displacement compressors, when its value decreased by -10.7% to $X. In general, consumption, however, posted a significant increase. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped in the following year.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Cote d'Ivoire

In 2022, overseas shipments of turbo, rotary and reciporating displacement compressors were finally on the rise to reach X units after two years of decline. Overall, exports, however, faced a abrupt slump. Over the period under review, the exports of attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of turbo, rotary and reciporating displacement compressors skyrocketed to $X in 2022. Over the period under review, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2017 when exports increased by 601%. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for exports of turbo, rotary and reciporating displacement compressors from Cote d'Ivoire, accounting for a 72% share of total exports. Moreover, exports of turbo, rotary and reciporating displacement compressors to the UK exceeded the volume sent to the second major destination, Ghana (X units), more than tenfold. The third position in this ranking was held by Senegal (X units), with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-28.7% per year) and Senegal (+25.9% per year).

In value terms, the UK ($X) remains the key foreign market for turbo, rotary and reciporating displacement compressors exports from Cote d'Ivoire, comprising 73% of total exports. The second position in the ranking was held by Ghana ($X), with a 4.9% share of total exports. It was followed by Burkina Faso, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-24.2% per year) and Burkina Faso (-14.6% per year).

Export Prices by Country

The average export price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, falling by -15.8% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 94%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while the average price for exports to Congo ($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 South Africa (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Cote d'Ivoire

After six years of growth, overseas purchases of turbo, rotary and reciporating displacement compressors decreased by -10.5% to X units in 2022. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 149%. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, imports of turbo, rotary and reciporating displacement compressors expanded significantly to $X in 2022. Over the period under review, imports, however, saw resilient growth. The growth pace was the most rapid in 2018 when imports increased by 85% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest turbo, rotary and reciporating displacement compressor supplier to Cote d'Ivoire, accounting for a 68% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from China exceeded the figures recorded by the second-largest supplier, France (X units), fivefold. Turkey (X units) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +37.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+10.2% per year) and Turkey (+35.6% per year).

In value terms, the largest turbo, rotary and reciporating displacement compressor suppliers to Cote d'Ivoire were France ($X), China ($X) and Italy ($X), together comprising 43% of total imports. Germany, Turkey, Sweden and Singapore lagged somewhat behind, together comprising a further 10%.

Turkey, with a CAGR of +31.5%, saw 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 import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, rising by 22% against the previous year. In general, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 an increase of 46% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform