Cote d'Ivoire: Wire And Cable Market 2024

Wire And Cable Market Size in Cote d'Ivoire

In 2022, the Cote d'Ivoire's wire and cable market decreased by X% to $X, falling for the second consecutive year after nine years of growth. In general, consumption, however, enjoyed a buoyant expansion. Wire and cable consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Wire And Cable Exports

Exports from Cote d'Ivoire

In 2022, overseas shipments of insulated wire and cable increased by X% to X tons, rising for the second consecutive year after five years of decline. Over the period under review, exports showed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wire and cable exports skyrocketed to $X in 2022. In general, exports recorded mild growth. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Congo (X tons) was the main destination for wire and cable exports from Cote d'Ivoire, with a X% share of total exports. Moreover, wire and cable exports to Congo exceeded the volume sent to the second major destination, Burkina Faso (X tons), more than tenfold. Benin (X tons) 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 Congo stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (X% per year) and Benin (X% per year).

In value terms, Burkina Faso ($X), Congo ($X) and Benin ($X) constituted the largest markets for wire and cable exported from Cote d'Ivoire worldwide, together accounting for X% of total exports. Senegal, Niger and Ghana lagged somewhat behind, together accounting for a further X%.

Senegal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wire and cable export price amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price faced a abrupt curtailment. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Congo ($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 Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Cote d'Ivoire

In 2022, overseas purchases of insulated wire and cable decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, wire and cable imports rose sharply to $X in 2022. Overall, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Morocco (X tons) and Tunisia (X tons) were the main suppliers of wire and cable imports to Cote d'Ivoire, with a combined X% share of total imports. France, Turkey, Egypt, Algeria, India, Portugal, Senegal, the United Arab Emirates and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of X.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of insulated wire and cable to Cote d'Ivoire, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

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

Import Prices by Country

In 2022, the average wire and cable import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 Spain ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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