Natural latex in primary forms market in Côte d'Ivoire

Earlier Report Observations

From 2018 to 2020, the market volume for natural latex in primary forms in Côte d'Ivoire increased from 495 thousand tons to 687 thousand tons. This growth was driven by the country's stated ambition to become the world's fourth-largest natural rubber producer, which stimulated investments in production capacity and attracted new players to the sector. In 2020, despite the global COVID-19 pandemic redirecting export flows towards Asia, domestic production continued to expand, solidifying Côte d'Ivoire's position as Africa's leading producer.

The market volume surged to 962 thousand tons in 2021 and then stabilized at 944 thousand tons in 2022. By 2023, it reached 1 057 thousand tons. The increase in 2023 was supported by government policies actively encouraging investment in local processing of natural rubber, which contributed to a reported 18% rise in production over the preceding year, thereby lifting the available domestic supply.

In 2024, the government intensified its efforts to ensure the primary processing of all local production by the end of the year, a policy shift altering the local value chain. Concurrently, an anticipated global deficit in natural rubber supported prices, influencing the profitability and investment decisions within the Ivorian sector.

Production natural latex in primary forms in Côte d'Ivoire

In kind, 2017-2020, K t

Between 2017 and 2020, Côte d'Ivoire was one of the world's top producers of natural latex in primary forms, ranking fifth globally by production volume.

Top producers of natural latex in primary forms, 2017-2020

World map of production of natural latex in primary forms, 2017-2020

Côte d'Ivoire's production of natural latex in primary forms grew for the third consecutive year. In 2020, the country produced 936.1 thousand tons, marking a significant 20.0% increase compared to 2019. From 2017 to 2020, production rose by 61.4%, which translates to an average annual growth rate of 17.3%.

Annual dynamics of production in Côte d'Ivoire in kind, 2017-2020, K t

In value, 2017-2020, M $ US

The value of Côte d'Ivoire's natural latex in primary forms production also increased for the third year in a row. In 2020, output was valued at 557.6 million US dollars, showing a solid 19.6% rise from 2019. Over the 2017-2020 period, production value surged by 107.4%, with a compound annual growth rate of 27.5%.

Annual dynamics of production in Côte d'Ivoire in value, 2017-2020, M $ US

Exports natural latex in primary forms from Côte d'Ivoire

Exports in kind, K t

Exports of natural latex in primary forms from Côte d'Ivoire grew for the third consecutive year. In 2020, shipments totaled 249.3 thousand tons, up 34.6% from the previous year. Between 2017 and 2020, exports expanded dramatically by 1 352.5%, averaging an annualized growth rate of 144.0%.

Annual dynamics of product's exports from Côte d'Ivoire in kind, 2017-2020, K t

From 2017 to 2020, Côte d'Ivoire's exports of natural latex in primary forms were heavily concentrated on Malaysia, which accounted for 97.3% of total export volume.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Côte d'Ivoire in kind, 2017-2020

Exports in value, M $ US

The value of natural latex in primary forms exports from Côte d'Ivoire rose for the third year in a row. In 2020, exports reached 148.5 million US dollars, reflecting a sharp 34.2% increase over the prior year. Over the 2017-2020 span, export value soared by 1 766.6%, with an average annual growth rate of 165.3%.

Annual dynamics of product's exports from Côte d'Ivoire in value, 2017-2020, M $ US

During 2017-2020, the export value of natural latex in primary forms from Côte d'Ivoire was dominated by Malaysia, which absorbed 97.3% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Côte d'Ivoire in value, 2017-2020

Imports natural latex in primary forms to Côte d'Ivoire

Imports in kind, K t

Import volumes of natural latex in primary forms into Côte d'Ivoire showed notable fluctuations from 2017 to 2020. The lowest point was in 2018, with 0.0 thousand tons, representing a 98.0% decline. In 2019, imports surged by 3 535.1%, followed by a further 372.7% increase in 2020 to 0.0 thousand tons, which was the peak for the period. Overall, imports swung 172-fold between the trough in 2018 and the peak in 2020.

Annual dynamics of product's imports to Côte d'Ivoire in kind, 2017-2020, K t

Between 2017 and 2020, imports of natural latex in primary forms into Côte d'Ivoire were primarily sourced from China, which held a 99.2% share of total import volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Côte d'Ivoire in kind, 2017-2020

Imports in value, M $ US

The value of natural latex in primary forms imports into Côte d'Ivoire was volatile from 2017 to 2020. The minimum was recorded in 2018 at 0.0 million US dollars, a 97.8% drop. In 2019, import value jumped by 1 110.2%, and in 2020 it rose another 443.0% to 0.0 million US dollars, reaching the period's high. This resulted in a 66-fold swing between the low in 2018 and the high in 2020.

Annual dynamics of product's imports to Côte d'Ivoire in value, 2017-2020, M $ US

From 2017 to 2020, nearly all imports of natural latex in primary forms into Côte d'Ivoire in value terms were linked to China, which accounted for 97.2% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Côte d'Ivoire in value, 2017-2020