Cote d'Ivoire: Cereal Market 2024

Cereal Market Size in Cote d'Ivoire

The Cote d'Ivoire's cereal market expanded rapidly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Cereal consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Cereal Production in Cote d'Ivoire

In value terms, cereal production fell modestly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. Cereal production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

In 2022, the average yield of cereals in Cote d'Ivoire shrank slightly to X tons per ha, therefore, remained relatively stable against the year before. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. The cereal yield peaked at X tons per ha in 2018; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the cereal harvested area in Cote d'Ivoire contracted slightly to X ha, approximately mirroring 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2016 to 2022, the growth of the cereal harvested area remained at a somewhat lower figure.

Cereal Exports

Exports from Cote d'Ivoire

In 2022, approx. X tons of cereals were exported from Cote d'Ivoire; rising by X% on the year before. Overall, exports posted a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, cereal exports skyrocketed to $X in 2022. Over the period under review, exports posted resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mali (X tons), Burkina Faso (X tons) and Senegal (X tons) were the main destinations of cereal exports from Cote d'Ivoire, together comprising X% of total exports. Niger, Mauritania and Guinea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guinea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Burkina Faso ($X) remains the key foreign market for cereals exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was taken by Mali ($X), with a X% share of total exports. It was followed by Senegal, with an X% share.

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

Export Prices by Country

In 2022, the average cereal export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price continues to indicate a pronounced expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

Cereal Imports

Imports into Cote d'Ivoire

For the third year in a row, Cote d'Ivoire recorded growth in purchases abroad of cereals, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, cereal imports surged to $X in 2022. Overall, imports continue to indicate noticeable growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Argentina (X tons) and Lithuania (X tons) were the main suppliers of cereal imports to Cote d'Ivoire, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Argentina ($X) and Lithuania ($X) appeared to be the largest cereal suppliers to Cote d'Ivoire, with a combined X% share of total imports. Poland, Russia and Ukraine lagged somewhat behind, together comprising a further X%.

Ukraine, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cereal import price amounted to $X per ton, rising by X% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price 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, cereal import price increased by X% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Ukraine ($X per ton) and Poland ($X per ton), while the price for Argentina ($X per ton) and France ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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