Cote d'Ivoire: Zinc Oxide Market 2024

Zinc Oxide Market Size in Cote d'Ivoire

The Cote d'Ivoire's zinc oxide market rose slightly to $X in 2022, growing by X% 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, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Zinc Oxide Exports

Exports from Cote d'Ivoire

In 2022, overseas shipments of zinc oxide and zinc peroxide increased by X% to X kg for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, recorded a sharp decrease. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, zinc oxide exports totaled $X in 2022. In general, exports, however, recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana (X kg) was the main destination for zinc oxide exports from Cote d'Ivoire, accounting for a X% share of total exports. It was followed by Togo (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Ghana amounted to X%.

In value terms, Ghana ($X) remains the key foreign market for zinc oxide and zinc peroxide exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was held by Togo ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Ghana stood at X%.

Export Prices by Country

In 2022, the average zinc oxide export price amounted to $X per ton, declining by X% against the previous year. In general, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 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 Togo ($X per ton), while the average price for exports to Ghana totaled $X per ton.

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

Zinc Oxide Imports

Imports into Cote d'Ivoire

In 2022, imports of zinc oxide and zinc peroxide into Cote d'Ivoire shrank to X tons, dropping by X% on the year before. Overall, imports, however, posted notable growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, zinc oxide imports totaled $X in 2022. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X tons), China (X tons) and Spain (X tons) were the main suppliers of zinc oxide imports to Cote d'Ivoire, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), China ($X) and Germany ($X) appeared to be the largest zinc oxide suppliers to Cote d'Ivoire, together accounting for X% of total imports. India, Spain, Peru and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Spain, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average zinc oxide import price amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform