This is a best prospect industry sector for this country. Includes a market overview and trade data.
Côte d’Ivoire has large agriculture export potential as Bureau National d‘Etudes et de Développement (BNETD) estimates 53 percent of the national territory is dedicated to agricultural use. Agriculture accounts for 16 percent of GDP and approximately 60 percent of export receipts, according to the World Bank, and employs two-thirds of the population. Côte d’Ivoire is a net exporter of major cash crops grown by small- and large-scale farmers including cocoa, coffee, rubber, cotton, palm oil, cashew nuts, and bananas. The country imports wheat, cornmeal, and dairy products and has become the fifth-largest rice importer in the world.
The country’s main agricultural products are, for the most part, exported unprocessed. The government is keen to promote the processing of cashew nuts, cocoa, palm oil (bio-fuels), and other value-added products. Domestic cashew production reached 900,000 tons in 2020, of which less than 10 percent will likely be domestically processed. To increase local cashew processing, the Ivoirian government offers an incentive of $0.69 per kg of cashew processed to companies that process cashew nuts. (http://www.cepici.gouv.ci/en/?tmp=image-top&p=investment-code).
Rough rice, rice seeds and rice cultivation equipment could offer business opportunities since the Ivoirian government aims to be self -sufficient in rice production by 2030. The government appointed a Minister for Rice Promotion in August 2019 to oversee this initiative. To meet the demands of its growing consumer class, Côte d’Ivoire has become a major importer of cereals, prepared fruits, nuts, and vegetables. There is also a growing demand for beverages, spirits, meats, and prepared foods.