Cote d'Ivoire: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Cote d'Ivoire

The Cote d'Ivoire's market for tyres for agriculture, forestry, construction, industry and other off the road vehicles expanded to $X in 2022, with an increase of 3.3% 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, however, showed a noticeable setback. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports from Cote d'Ivoire

In 2022, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Cote d'Ivoire fell sharply to X units, dropping by -63.1% on the previous year's figure. Over the period under review, exports, however, recorded a pronounced increase. The pace of growth was the most pronounced in 2018 when exports increased by 5,008%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles reduced rapidly to $X in 2022. Overall, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 1,529%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Niger (X units) and Benin (X units) were the main destinations of exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Cote d'Ivoire.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of +20.9%).

In value terms, Benin ($X) remains the key foreign market for tyres for agriculture, forestry, construction, industry and other off the road vehicles exports from Cote d'Ivoire, comprising 88% of total exports. The second position in the ranking was taken by Niger ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Benin totaled +18.4%.

Export Prices by Country

In 2022, the average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X per unit, growing by 51% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when the average export price increased by 181% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Benin ($X per unit), while the average price for exports to Niger totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+14.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports into Cote d'Ivoire

After five years of decline, supplies from abroad of tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by 17% to X units in 2022. In general, imports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2016 when imports increased by 57%. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off road vehicles hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles shrank slightly to $X in 2022. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its value 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. Based on 2022 figures, imports increased by +28.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 56%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and India (X units) were the main suppliers of imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Cote d'Ivoire, with a combined 65% share of total imports. France, Mali, Sri Lanka, the Czech Republic, the Netherlands, the United States, Brazil, Spain and Canada lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Mali (with a CAGR of +45.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Japan ($X) were the largest agricultural, construction and industrial machinery tyre suppliers to Cote d'Ivoire, with a combined 39% share of total imports. The United States, Brazil, the Czech Republic, France, Spain, the Netherlands, Sri Lanka, Mali and Canada lagged somewhat behind, together comprising a further 29%.

Mali, with a CAGR of +28.4%, 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 tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2022, falling by -18.5% against the previous year. In general, the import price, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2013 when the average import price increased by 73% against the previous year. The import price peaked at $X per unit in 2021, and then fell markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+46.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform