Cote d'Ivoire: Market for Process Control, Gate, Globe and Other Valves 2024

Market Size for Process Control, Gate, Globe and Other Valves in Cote d'Ivoire

In 2022, the Cote d'Ivoire's market for process control, gate, globe and other valves decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, saw a resilient increase. As a result, consumption reached the peak level of $X, and then dropped notably in the following year.

Exports of Process Control, Gate, Globe and Other Valves

Exports from Cote d'Ivoire

In 2022, overseas shipments of process control, gate, globe and other valves decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of process control, gate, globe and other valves skyrocketed to $X in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X tons), Ghana (X tons) and Burkina Faso (X tons) were the main destinations of exports of process control, gate, globe and other valves from Cote d'Ivoire, with a combined X% share of total exports. Democratic Republic of the Congo, Benin, Mali, Niger, Vietnam and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Benin (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the UK ($X) and Ghana ($X) constituted the largest markets for process control, gate, globe and other valves exported from Cote d'Ivoire worldwide, together comprising X% of total exports. Burkina Faso, Benin, Mali, France, Niger and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X%.

Benin, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

The average export price for process control, gate, globe and other valves stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price continues to indicate prominent growth. As a result, the export price attained 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 Vietnam ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Process Control, Gate, Globe and Other Valves

Imports into Cote d'Ivoire

After three years of growth, overseas purchases of process control, gate, globe and other valves decreased by X% to X tons in 2022. Overall, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, imports of process control, gate, globe and other valves shrank rapidly to $X in 2022. Over the period under review, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest process control, gate, globe and other valves supplier to Cote d'Ivoire, with a X% share of total imports. Moreover, imports of process control, gate, globe and other valves from China exceeded the figures recorded by the second-largest supplier, France (X tons), eightfold. The third position in this ranking was taken by Spain (X tons), with a X% share.

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

In value terms, the largest process control, gate, globe and other valves suppliers to Cote d'Ivoire were France ($X), the UK ($X) and China ($X), together accounting for X% of total imports.

Among the main suppliers, the UK, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for process control, gate, globe and other valves stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price recorded a pronounced decrease. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 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 UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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