Cameroon: Fertilizer Market 2024

Fertilizer Market Size in Cameroon

The Cameroonian fertilizer market reached $X in 2022, leveling off at the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Fertilizer Production in Cameroon

In value terms, fertilizer production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Fertilizer Exports

Exports from Cameroon

In 2022, overseas shipments of fertilizers decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, fertilizer exports fell dramatically to $X in 2022. Overall, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Chad (X tons) was the main destination for fertilizer exports from Cameroon, accounting for a X% share of total exports. Moreover, fertilizer exports to Chad exceeded the volume sent to the second major destination, Central African Republic (X tons), twofold. The third position in this ranking was taken by Congo (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Chad totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Central African Republic (X% per year) and Congo (X% per year).

In value terms, Chad ($X) remains the key foreign market for fertilizers exports from Cameroon, comprising X% of total exports. The second position in the ranking was taken by Congo ($X), with a X% share of total exports. It was followed by Central African Republic, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Chad stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (X% per year) and Central African Republic (X% per year).

Export Prices by Country

The average fertilizer export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price saw a noticeable reduction. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Congo ($X per ton), while the average price for exports to Central African Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Congo (X%), while the prices for the other major destinations experienced a decline.

Fertilizer Imports

Imports into Cameroon

In 2022, imports of fertilizers into Cameroon dropped to X tons, shrinking by X% against 2021. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank slightly in the following year.

In value terms, fertilizer imports declined to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of fertilizer to Cameroon, accounting for a X% share of total imports. Moreover, fertilizer imports from Russia exceeded the figures recorded by the second-largest supplier, Belarus (X tons), twofold. The third position in this ranking was held by Morocco (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Morocco (X% per year).

In value terms, Russia ($X) constituted the largest supplier of fertilizers to Cameroon, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Morocco (X% per year).

Import Prices by Country

In 2022, the average fertilizer import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price showed a noticeable reduction. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform