Cote d'Ivoire: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in Cote d'Ivoire

The Cote d'Ivoire's natural rubber and gum market expanded markedly to $X in 2022, with an increase of 9.7% against the previous year. Over the period under review, consumption recorded a strong increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Natural Rubber And Gums in Cote d'Ivoire

In value terms, natural rubber and gum production rose to $X in 2022 estimated in export price. Over the period under review, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 74% against the previous year. Natural rubber and gum production peaked at $X in 2020; afterwards, it flattened through to 2022.

In 2022, the average natural rubber and gum yield in Cote d'Ivoire was estimated at X tons per ha, remaining relatively unchanged against 2021. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by 0.2%. The natural rubber and gum yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of natural rubber and gums were harvested in Cote d'Ivoire; with an increase of 14% on 2021. In general, the harvested area saw resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 30% against the previous year. The natural rubber and gum harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Exports of Natural Rubber And Gums

Exports from Cote d'Ivoire

In 2022, after three years of growth, there was decline in shipments abroad of natural rubber and gums, when their volume decreased by -2% to X tons. Over the period under review, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2013 with an increase of 13% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, natural rubber and gum exports dropped to $X in 2022. Overall, exports faced a precipitous slump. The growth pace was the most rapid in 2020 with an increase of 3.4% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for natural rubber and gum exports from Cote d'Ivoire, with a 95% share of total exports. It was followed by Italy (X tons), with a 3.1% share of total exports. The third position in this ranking was taken by the United States (X tons), with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at -14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-26.4% per year) and the United States (-47.3% per year).

In value terms, Malaysia ($X) remains the key foreign market for natural rubber and gums exports from Cote d'Ivoire, comprising 88% of total exports. The second position in the ranking was taken by Italy ($X), with a 7.7% share of total exports. It was followed by Germany, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia stood at -18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-28.0% per year) and Germany (-44.0% per year).

Export Prices by Country

The average natural rubber and gum export price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the export price, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 24%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States ($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 Vietnam (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Natural Rubber And Gums

Imports into Cote d'Ivoire

Natural rubber and gum imports into Cote d'Ivoire surged to X tons in 2022, rising by 50% against the previous year's figure. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 883% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, natural rubber and gum imports soared to $X in 2022. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 443%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main natural rubber and gum supplier to Cote d'Ivoire, with a 100% share of total imports. It was followed by France (X kg), with a 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +58.7%.

In value terms, China ($X) constituted the largest supplier of natural rubber and gums to Cote d'Ivoire, comprising 89% of total imports. The second position in the ranking was taken by France ($X), with a 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +40.7%.

Import Prices by Country

In 2022, the average natural rubber and gum import price amounted to $X per ton, dropping by -2.7% against the previous year. Over the period under review, the import price faced a abrupt decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 29%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+33.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform