
Cote d'Ivoire - Carob - Market Analysis, Forecast, Size, Trends and Insights
Cote d'Ivoire: Carob Market 2023
Carob Market Size in Cote d'Ivoire
In 2022, the Cote d'Ivoire's carob market increased by 1,014% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a abrupt slump. Carob consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.
Carob Production in Cote d'Ivoire
In value terms, carob production declined slightly to $X in 2022 estimated in export price. Overall, production showed prominent growth. The pace of growth was the most pronounced in 2019 with an increase of 49%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.
The average yield of carob in Cote d'Ivoire amounted to less than X kg per ha in 2022, leveling off at 2021. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2022, the harvested area of carob in Cote d'Ivoire totaled less than X ha, standing approx. at 2021. Over the period under review, the harvested area showed a relatively flat trend pattern.
Carob Exports
Exports from Cote d'Ivoire
In 2022, after three years of growth, there was significant decline in shipments abroad of carob, when their volume decreased by -11.1% to X tons. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 3,587%. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted in the following year.
In value terms, carob exports expanded modestly to $X in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 2,604% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Exports by Country
The United States (X tons) was the main destination for carob exports from Cote d'Ivoire, with a approx. 92% share of total exports.
From 2016 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest.
In value terms, the United States ($X) emerged as the key foreign market for carob exports from Cote d'Ivoire.
From 2016 to 2022, the average annual growth rate of value to the United States was relatively modest.
Export Prices by Country
The average carob export price stood at $X per ton in 2022, rising by 17% against the previous year. Overall, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2016 to 2022, the rate of growth in terms of prices for Australia amounted to -30.2% per year.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the carob market in Cote d'Ivoire. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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