Cote d'Ivoire: Wheat Starch Market 2024

Wheat Starch Market Size in Cote d'Ivoire

The Cote d'Ivoire's wheat starch market reduced modestly to $X in 2023, with a decrease of X% against the previous year. Overall, the total consumption indicated a notable 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 increased by X% against 2021 indices. Wheat starch consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Wheat Starch Production in Cote d'Ivoire

In value terms, wheat starch production contracted to $X in 2023 estimated in export price. Over the period under review, the total production indicated a notable 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, production increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Wheat starch production peaked at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.

Wheat Starch Exports

Exports from Cote d'Ivoire

In 2023, shipments abroad of wheat starch increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, wheat starch exports soared to $X in 2023. In general, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X kg), Mali (X kg) and France (X kg) were the main destinations of wheat starch exports from Cote d'Ivoire.

From 2012 to 2023, the biggest increases were recorded for Burkina Faso (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mali ($X), Burkina Faso ($X) and France ($X) were the largest markets for wheat starch exported from Cote d'Ivoire worldwide.

Burkina Faso, with a CAGR of X%, saw the highest rates of growth with regard to 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 wheat starch export price stood at $X per ton in 2023, declining by X% against the previous year. In general, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2023, the average export prices remained at a lower figure.

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

Wheat Starch Imports

Imports into Cote d'Ivoire

In 2023, overseas purchases of wheat starch increased by X% to X kg for the first time since 2015, thus ending a seven-year declining trend. Over the period under review, imports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, wheat starch imports rose remarkably to $X in 2023. In general, imports, however, continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Egypt (X kg) constituted the largest supplier of wheat starch to Cote d'Ivoire, with a X% share of total imports. Moreover, wheat starch imports from Egypt exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), twofold. Belgium (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Egypt stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Belgium (X% per year).

In value terms, Egypt ($X), the Netherlands ($X) and Senegal ($X) appeared to be the largest wheat starch suppliers to Cote d'Ivoire, together comprising X% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2023, the average wheat starch import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Senegal ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform