Cote d'Ivoire: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Cote d'Ivoire

The Cote d'Ivoire's saturated acyclic monocarboxylic acids market was estimated at $X in 2023, increasing by X% against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Saturated acyclic monocarboxylic acids consumption peaked at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Production of Saturated Acyclic Monocarboxylic Acids in Cote d'Ivoire

In value terms, saturated acyclic monocarboxylic acids production rose to $X in 2023 estimated in export price. Overall, production, however, showed buoyant growth. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from Cote d'Ivoire

In 2023, shipments abroad of saturated acyclic monocarboxylic acids decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, saturated acyclic monocarboxylic acids exports declined to $X in 2023. In general, exports saw a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

Exports by Country

Togo (X tons), Liberia (X tons) and Burkina Faso (X tons) were the main destinations of saturated acyclic monocarboxylic acids exports from Cote d'Ivoire, together accounting for X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Togo (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Burkina Faso ($X), Togo ($X) and Liberia ($X) were the largest markets for saturated acyclic monocarboxylic acids exported from Cote d'Ivoire worldwide, with a combined X% share of total exports.

Togo, with a CAGR of X%, saw the highest growth rate of 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

The average saturated acyclic monocarboxylic acids export price stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the export price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2022, and then shrank slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Ghana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into Cote d'Ivoire

In 2023, approx. X tons of saturated acyclic monocarboxylic acids were imported into Cote d'Ivoire; rising by X% compared with the previous year's figure. In general, imports enjoyed temperate growth. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2023, the growth of imports remained at a lower figure.

In value terms, saturated acyclic monocarboxylic acids imports skyrocketed to $X in 2023. Over the period under review, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Indonesia (X tons) constituted the largest saturated acyclic monocarboxylic acids supplier to Cote d'Ivoire, with a X% share of total imports. Moreover, saturated acyclic monocarboxylic acids imports from Indonesia exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Indonesia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of saturated acyclic monocarboxylic acids to Cote d'Ivoire, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Malaysia, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Indonesia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2023, the average saturated acyclic monocarboxylic acids import price amounted to $X per ton, declining by X% against the previous year. Overall, import price indicated moderate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, saturated acyclic monocarboxylic acids import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform