Cote d'Ivoire: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Cote d'Ivoire

In 2022, the Cote d'Ivoire's industrial sewing machines (non-automatic) market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption posted buoyant growth. Industrial sewing machines (non-automatic) consumption peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Cote d'Ivoire

In 2022, the amount of industrial sewing machines (non-automatic) exported from Cote d'Ivoire fell rapidly to X units, dropping by X% against 2021 figures. In general, exports saw a noticeable decline. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial sewing machines (non-automatic) exports skyrocketed to $X in 2022. Overall, exports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Togo (X units), Ghana (X units) and the United States (X units) were the main destinations of industrial sewing machines (non-automatic) exports from Cote d'Ivoire, with a combined X% share of total exports.

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

In value terms, Ghana ($X) emerged as the key foreign market for industrial sewing machines (non-automatic) exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Ghana was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Togo (X% per year).

Export Prices by Country

The average industrial sewing machines (non-automatic) export price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Cote d'Ivoire

In 2022, purchases abroad of industrial sewing machines (non-automatic) increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, industrial sewing machines (non-automatic) imports skyrocketed to $X in 2022. In general, imports posted strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial sewing machines (non-automatic) to Cote d'Ivoire, with a X% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was taken by Australia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Australia (X% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Cote d'Ivoire, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Australia (X% per year).

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 China ($X per unit), while the price for Switzerland ($X per unit) 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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