Cote d'Ivoire: Market for Asphalt or Bitumen Articles 2024

Market Size for Asphalt or Bitumen Articles in Cote d'Ivoire

The Cote d'Ivoire's asphalt or bitumen article market reduced modestly to $X in 2022, dropping by X% against the previous year. Overall, consumption showed a slight decrease. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Asphalt or Bitumen Articles in Cote d'Ivoire

In value terms, asphalt or bitumen article production declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Asphalt or Bitumen Articles

Exports from Cote d'Ivoire

In 2022, exports of asphalt or bitumen articles from Cote d'Ivoire dropped slightly to X tons, waning by X% compared with the year before. Over the period under review, exports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, asphalt or bitumen article exports skyrocketed to $X in 2022. In general, exports, however, recorded a noticeable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Niger (X tons) was the main destination for asphalt or bitumen article exports from Cote d'Ivoire, with a X% share of total exports. Moreover, asphalt or bitumen article exports to Niger exceeded the volume sent to the second major destination, Mali (X tons), fivefold. The third position in this ranking was held by Burkina Faso (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Niger amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (X% per year) and Burkina Faso (X% per year).

In value terms, Niger ($X) remains the key foreign market for asphalt or bitumen articles exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was taken by Benin ($X), with an X% share of total exports. It was followed by Mali, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Niger totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (X% per year) and Mali (X% per year).

Export Prices by Country

The average asphalt or bitumen article export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price showed a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the average price for exports to Burkina Faso ($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 Niger (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Asphalt or Bitumen Articles

Imports into Cote d'Ivoire

For the third consecutive year, Cote d'Ivoire recorded growth in purchases abroad of asphalt or bitumen articles, which increased by X% to X tons in 2022. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, asphalt or bitumen article imports reduced dramatically to $X in 2022. Overall, imports saw a resilient increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then fell markedly in the following year.

Imports by Country

Italy (X tons), Egypt (X tons) and France (X tons) were the main suppliers of asphalt or bitumen article imports to Cote d'Ivoire, with a combined X% share of total imports. Spain, China, Turkey and Morocco lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest asphalt or bitumen article suppliers to Cote d'Ivoire were France ($X), Italy ($X) and Spain ($X), together accounting for X% of total imports. China, Egypt, Turkey and Morocco lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers 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 asphalt or bitumen article import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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