Cote d'Ivoire: Animal Feed Market 2024

Animal Feed Market Size in Cote d'Ivoire

In 2022, the Cote d'Ivoire's animal feed market decreased by X% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Animal Feed Production in Cote d'Ivoire

In value terms, animal feed production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Animal Feed Exports

Exports from Cote d'Ivoire

For the fourth consecutive year, Cote d'Ivoire recorded growth in overseas shipments of animal and pet feed, which increased by X% to X tons in 2022. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, animal feed exports soared to $X in 2022. Overall, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Burkina Faso (X tons) was the main destination for animal feed exports from Cote d'Ivoire, with a X% share of total exports. Moreover, animal feed exports to Burkina Faso exceeded the volume sent to the second major destination, Senegal (X tons), twofold. Mali (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Burkina Faso ($X), Senegal ($X) and Mali ($X) constituted the largest markets for animal feed exported from Cote d'Ivoire worldwide, with a combined X% share of total exports.

Senegal, with a CAGR of X%, recorded 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 animal feed export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2015 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 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mali ($X per ton), while the average price for exports to Burkina Faso ($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.

Animal Feed Imports

Imports into Cote d'Ivoire

In 2022, supplies from abroad of animal and pet feed decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, animal feed imports totaled $X in 2022. Over the period under review, imports, however, saw a strong increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest animal feed supplier to Cote d'Ivoire, with a X% share of total imports. Moreover, animal feed imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold.

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

In value terms, the largest animal feed suppliers to Cote d'Ivoire were the Netherlands ($X), France ($X) and Belgium ($X), with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average animal feed import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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