Cote d’Ivoire - Automotive Parts, Passenger Cars, Trucks and Buses Cote d’Ivoire - Automotive Parts
The rapid rise in wealth of the Ivoirian consumer class makes this is an important industry sector for this country.
Overview
Total imports in this sector have held steady in the past five years. However, the used automobile market has been growing for the past several years with a rising share of American cars. The Ivoirian government’s passage of a law in 2018 limiting the importing of vehicles more than a certain number of years old will limit some of this resale market. Market liberalization measures related to used vehicles and weak credit availability for potential buyers of new cars are prime factors in the growth of the second-hand car market, which represents 78% of the market. To reduce used vehicles and boost new vehicle trade, used vehicles are taxed according to the age.
Spare parts and accessories are a potential lucrative sector in the automobile market. Currently, spare parts and accessories in Côte d’Ivoire are expensive. The market for such products should grow due to the age of the existing automobile fleet and the increasing number of used vehicles. Côte d’Ivoire’s automotive trade professionals are grouped within an association (Groupement Interprofessionnel Automobiles et Matériels et Equipements – GIPAME). The sector provided approximately $64 million of tax revenue to the government.
NOTE: All figures are in millions of U.S. dollars; N/A =Not Available
|
|
2015 |
2016 |
2017 |
2018 (Jan-April) |
|
Total Local Production |
N/A |
N/A |
N/A |
N/A |
|
Total Exports |
18,7 |
18,219 |
1,772 |
1,925 |
|
Total Imports |
287,9 |
319,537 |
99,502 |
350,120 |
|
Imports from the US |
10,3 |
17,191 |
6,078 |
7,527 |
(total market size = (total local production + imports) - exports)
Leading Sub-Sectors
Best sales prospects include:
• Consumables: oil and air filters, wiper blades, rubber blades, hoses, gaskets and rings, engine parts, brake parts, exhaust system parts, car body parts
• Accessories: wheel covers, car/truck bed covers, car batteries, exterior accessory lights
• Auto security products: alarms and steering wheel locks
• Service equipment for electronic diagnosis, monitoring, testing and analyzing, wheel balancing, tire changing, oil changing
• Battery chargers, quick repair kits, tools, and paints
Opportunities
Excellent opportunities exist in importing U.S. second-hand cars and buses (seven-year age limit), spare parts, security/anti-theft devices and safety devices.
Web Resources
Côte d’Ivoire’s Investment Promotion Centre (CEPICI)
Chambre de Commerce et d‘Industrie de Côte d’Ivoire
Bureau National d‘Etudes et de Développement (BNETD)
Ivoirian Customs Office