Cote d'Ivoire: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in Cote d'Ivoire

The Cote d'Ivoire's industrial roundwood (non-coniferous) market declined to $X in 2022, leveling off at the previous year. Overall, consumption, however, continues to indicate a pronounced decrease. Industrial roundwood (non-coniferous) consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Production in Cote d'Ivoire

In value terms, industrial roundwood (non-coniferous) production reduced to $X in 2022 estimated in export price. Overall, production recorded a pronounced slump. The growth pace was the most rapid in 2014 when the production volume increased by 49%. Over the period under review, (non-coniferous) production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Industrial Roundwood (Non-Coniferous) Exports

Exports from Cote d'Ivoire

After two years of growth, shipments abroad of industrial roundwood decreased by -57.1% to X cubic meters in 2022. Overall, exports saw a dramatic slump. The pace of growth appeared the most rapid in 2013 when exports increased by 392% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2014 to 2022, the growth of the (non-coniferous) exports failed to regain momentum.

In value terms, industrial roundwood (non-coniferous) exports reduced rapidly to $X in 2022. In general, exports showed a sharp descent. The pace of growth was the most pronounced in 2013 with an increase of 292%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the (non-coniferous) exports remained at a somewhat lower figure.

Exports by Country

Vietnam (X cubic meters) was the main destination for industrial roundwood (non-coniferous) exports from Cote d'Ivoire, accounting for a 47% share of total exports. Moreover, industrial roundwood (non-coniferous) exports to Vietnam exceeded the volume sent to the second major destination, India (X cubic meters), twofold. The Dominican Republic (X cubic meters) ranked third in terms of total exports with a 22% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam stood at +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-34.8% per year) and the Dominican Republic (+31.7% per year).

In value terms, the largest markets for industrial roundwood (non-coniferous) exported from Cote d'Ivoire were the Dominican Republic ($X), Vietnam ($X) and India ($X), with a combined 92% share of total exports.

The Dominican Republic, with a CAGR of +41.2%, saw 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

The average industrial roundwood (non-coniferous) export price stood at $X per cubic meter in 2022, with an increase of 58% against the previous year. Overall, the export price recorded a notable increase. 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per cubic meter), while the average price for exports to Vietnam ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood (Non-Coniferous) Imports

Imports into Cote d'Ivoire

In 2022, the amount of industrial roundwood imported into Cote d'Ivoire soared to X cubic meters, jumping by 29% on the previous year. In general, imports, however, faced a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 266% against the previous year. Imports peaked at X cubic meters in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, industrial roundwood (non-coniferous) imports stood at $X in 2022. Over the period under review, imports, however, saw a precipitous curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 187% against the previous year. Over the period under review, (non-coniferous) imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X cubic meters) was the main supplier of industrial roundwood (non-coniferous) to Cote d'Ivoire, accounting for a 91% share of total imports. Moreover, industrial roundwood (non-coniferous) imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from France stood at +1.1%.

In value terms, France ($X) constituted the largest supplier of industrial roundwood to Cote d'Ivoire, comprising 79% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from France amounted to -2.7%.

Import Prices by Country

The average industrial roundwood (non-coniferous) import price stood at $X per cubic meter in 2022, declining by -18.7% against the previous year. In general, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of 51%. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per cubic meter), while the price for France amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-3.7%).

Source: IndexBox Platform

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