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The French Insurance Company for Foreign Trade ( COFACE ), in its economic publication counting for the month of June 2018, revealed that between 2001-2017, France recorded a strong decline in market share in French-speaking African countries.
In the field of machinery exports, France lost nearly 20 percentage points in all the countries of the region, as in Algeria, Morocco, Ivory Coast or Cameroon, and even up to 25 points in Senegal
" This drop, according to the French Insurance Company for Foreign Trade (COFACE) was mainly for the benefit of China, which recorded considerable market share gains (between 15 and 20 percentage points and even 24 points in Cameroon), in all the countries of the region, image of the trend on the whole continent . "
The same is true of the pharmaceutical industry. In the 2000s, France had considerable market shares in this industry in French-speaking African countries (around 50% in the DRC, Madagascar or the Maghreb, nearly 80% in Côte d'Ivoire, Cameroon or Togo), these shares have fallen sharply. In all of these countries, according to COFACE, market share losses amount to about 20 points.
On the other hand, while Belgium has also made considerable progress in Cameroon and Côte d'Ivoire, in the DRC, Togo, Burkina Faso and the Central African Republic, other actors such as China and, especially, India have been particularly successful in French-speaking Africa over the period.
COFACE recalls that between 2001 and 2011, the value of trade between France and African countries has multiplied by 2.6 to reach more than 77 billion US dollars. However, from 2011, the value of merchandise trade between France and African partners stagnated, and even declined slightly, before collapsing in 2015 and 2016, along with oil prices.
In 2017, the trade surplus halved after reaching a record $ 6 billion in 2015 and 2016.
Burkina 24
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