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AL CIRCLE

Ivory Coast: The aluminium bar rods and profiles importation market during 2018-20 denotes a positive trend

EDITED BY : 2MINS READ

The economy of the Ivory Coast was severely hit by the COVID-19 pandemic, but it remained amongst the few Sub-Saharan African economies that maintained growth. According to the IMF, GDP growth decelerated to 2.3% in 2020, from 6.2% in 2019. Assuming global conditions to normalize gradually, growth is projected to pick up to 6% in 2021 and 6.5% in 2022 (IMF, April 2021), boosted by reviving domestic demand.

Ivory Coast aluminium bar rods and profiles import

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The well-developed economy of the West Africa region, Ivory Coast declared importation of 685 tonnes of aluminium bar rods and profiles during 2018-19 and the revenue expended for the import was $3.84 million. The import for 2020 stood at 954 tonnes and the expenditure remained at $4.02 million. However, when the import volume and expenditure of 2020 gets assorted with the existing two years, it denotes 1639 tonnes and $7.86 million respectively.

Ivory Coast aluminium bar rods and profiles importation

Ivory Coast’s import of aluminium bar rods and profiles in 2018 was recorded at 285 tonnes and the expenditure accounted for $1.49 million, whereas, in 2019, the import illustrated growth by 40.35%, as the import volume rose to 400 tonnes and the expenditure grew to $2.35 million.

In 2020, the import demonstrated powerful growth by 138.50%, as the import volume up-swung to 954 tonnes and the expenditure also jumped to $4.02 million.

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The major trading destinations for Ivory Coast’s import of aluminium bar rods and profiles are France, China, Belgium, Germany, Italy, Portugal, South Africa, Spain, etc.

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