Cote d'Ivoire: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Cote d'Ivoire

The Cote d'Ivoire's gearboxes and speed changers market surged 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). Over the period under review, consumption continues to indicate a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Gearboxes and Speed Changers

Exports from Cote d'Ivoire

In 2022, overseas shipments of gearboxes and speed changers were finally on the rise to reach X tons after two years of decline. In general, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, gearboxes and speed changers exports surged to $X in 2022. Over the period under review, exports recorded temperate growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X tons) was the main destination for gearboxes and speed changers exports from Cote d'Ivoire, accounting for a X% share of total exports. Moreover, gearboxes and speed changers exports to South Africa exceeded the volume sent to the second major destination, France (X tons), sixfold. The United States (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Africa totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the United States (X% per year).

In value terms, South Africa ($X) emerged as the key foreign market for gearboxes and speed changers exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Africa amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Democratic Republic of the Congo (X% per year).

Export Prices by Country

In 2022, the average gearboxes and speed changers export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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 Democratic Republic of the Congo ($X per ton), while the average price for exports to Senegal ($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 Democratic Republic of the Congo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gearboxes and Speed Changers

Imports into Cote d'Ivoire

In 2022, the amount of gearboxes and speed changers imported into Cote d'Ivoire soared to X tons, picking up by X% against the previous year's figure. Overall, imports posted strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, gearboxes and speed changers imports surged to $X in 2022. In general, imports posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), South Africa (X tons) and Malaysia (X tons) were the main suppliers of gearboxes and speed changers imports to Cote d'Ivoire, with a combined X% share of total imports. France, the Netherlands, the United States, Germany, Spain, Turkey, India, Belgium and Australia lagged somewhat behind, together comprising a further X%.

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

In value terms, the Netherlands ($X), France ($X) and South Africa ($X) were the largest gearboxes and speed changers suppliers to Cote d'Ivoire, together comprising X% of total imports. Germany, China, the United States, Malaysia, Spain, Australia, Turkey, Belgium and India lagged somewhat behind, together accounting for a further X%.

Australia, with a CAGR of X%, recorded 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 gearboxes and speed changers import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for China ($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 more modest paces of growth.

Source: IndexBox Platform

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