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

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.

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’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.

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.