Cote d'Ivoire: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in Cote d'Ivoire

The Cote d'Ivoire's synthetic latex rubber market amounted to $X in 2022, rising by X% against the previous year. Overall, consumption, however, saw a noticeable curtailment. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Synthetic Latex Rubber Production in Cote d'Ivoire

In value terms, synthetic latex rubber production rose modestly to $X in 2022 estimated in export price. In general, production, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Synthetic latex rubber production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Synthetic Latex Rubber Exports

Exports from Cote d'Ivoire

In 2022, approx. X tons of synthetic latex rubber were exported from Cote d'Ivoire; jumping by X% on the previous year. Overall, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, synthetic latex rubber exports skyrocketed to $X in 2022. In general, exports, however, recorded a sharp decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Ghana (X tons) was the main destination for synthetic latex rubber exports from Cote d'Ivoire, with a X% share of total exports. It was followed by France (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Ghana totaled X%.

In value terms, Ghana ($X) remains the key foreign market for synthetic latex rubber exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Ghana totaled X%.

Export Prices by Country

In 2022, the average synthetic latex rubber export price amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat 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 Ghana totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%).

Synthetic Latex Rubber Imports

Imports into Cote d'Ivoire

In 2022, overseas purchases of synthetic latex rubber were finally on the rise to reach X tons after two years of decline. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, synthetic latex rubber imports skyrocketed to $X in 2022. Over the period under review, imports showed a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Belgium (X tons) constituted the largest synthetic latex rubber supplier to Cote d'Ivoire, with a X% share of total imports. Moreover, synthetic latex rubber imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. France (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 Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of synthetic latex rubber to Cote d'Ivoire, comprising X% of total imports. The second position in the ranking was taken by France ($X), with an X% share of total imports. It was followed by Germany, with an X% share.

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

Import Prices by Country

In 2022, the average synthetic latex rubber import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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