Cote d'Ivoire: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Cote d'Ivoire

In 2022, the Cote d'Ivoire's unvulcanized rubber market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption saw a prominent expansion. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Unvulcanized Rubber Exports

Exports from Cote d'Ivoire

In 2022, after three years of growth, there was significant decline in overseas shipments of unvulcanized rubber and articles thereof, when their volume decreased by X% to X tons. In general, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined notably in the following year.

In value terms, unvulcanized rubber exports contracted dramatically to $X in 2022. Overall, exports showed a sharp slump. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then shrank markedly in the following year.

Exports by Country

Burkina Faso (X tons) was the main destination for unvulcanized rubber exports from Cote d'Ivoire, with a X% share of total exports. Moreover, unvulcanized rubber exports to Burkina Faso exceeded the volume sent to the second major destination, Liberia (X tons), twofold. The third position in this ranking was taken by Mali (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Burkina Faso stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Liberia (X% per year) and Mali (X% per year).

In value terms, Burkina Faso ($X) remains the key foreign market for unvulcanized rubber and articles thereof exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was held by Liberia ($X), with a X% share of total exports. It was followed by Mali, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Burkina Faso totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Liberia (X% per year) and Mali (X% per year).

Export Prices by Country

The average unvulcanized rubber export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price reached 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 Burkina Faso ($X per ton), while the average price for exports to Lebanon ($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 Mali (X%), while the prices for the other major destinations experienced a decline.

Unvulcanized Rubber Imports

Imports into Cote d'Ivoire

In 2022, the amount of unvulcanized rubber and articles thereof imported into Cote d'Ivoire shrank to X tons, remaining stable against the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, unvulcanized rubber imports contracted to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest unvulcanized rubber supplier to Cote d'Ivoire, accounting for a X% share of total imports. Moreover, unvulcanized rubber imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold. Germany (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest unvulcanized rubber suppliers to Cote d'Ivoire were China ($X), France ($X) and Germany ($X), with a combined X% share of total imports. Portugal, Turkey, Italy, Egypt, the Netherlands, Poland, Belgium and Thailand lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Turkey, 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 unvulcanized rubber import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then declined in the following year.

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 Poland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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