Cameroon: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Cameroon

After two years of growth, the Cameroonian mixed fertilizer market decreased by -24.3% to $X in 2022. In general, consumption continues to indicate a mild decrease. Mixed fertilizer consumption peaked at $X in 2021, and then plummeted in the following year.

Mixed Fertilizer Exports

Exports from Cameroon

In 2022, after two years of growth, there was decline in shipments abroad of mixed fertilizers, when their volume decreased by -2.3% to X tons. Over the period under review, total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +6.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 31%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, mixed fertilizer exports fell to $X in 2022. Overall, exports recorded a mild descent. The most prominent rate of growth was recorded in 2017 when exports increased by 106%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Chad (X tons) was the main destination for mixed fertilizer exports from Cameroon, with a 56% share of total exports. Moreover, mixed fertilizer exports to Chad exceeded the volume sent to the second major destination, Congo (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Chad totaled +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (+23.7% per year) and Central African Republic (-8.3% per year).

In value terms, Chad ($X), Congo ($X) and Central African Republic ($X) appeared to be the largest markets for mixed fertilizer exported from Cameroon worldwide, together comprising 100% of total exports.

Congo, with a CAGR of +21.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average mixed fertilizer export price stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2017 an increase of 57% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas 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 (-1.4%), while the prices for the other major destinations experienced a decline.

Mixed Fertilizer Imports

Imports into Cameroon

In 2022, supplies from abroad of mixed fertilizers decreased by -20.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 206% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, mixed fertilizer imports fell dramatically to $X in 2022. In general, imports recorded a mild shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 185%. Over the period under review, imports hit record highs at $X in 2021, and then dropped sharply in the following year.

Imports by Country

In 2022, Morocco (X tons) constituted the largest supplier of mixed fertilizer to Cameroon, accounting for a 47% share of total imports. Moreover, mixed fertilizer imports from Morocco exceeded the figures recorded by the second-largest supplier, Norway (X tons), twofold. The third position in this ranking was held by Vietnam (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Morocco totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-8.2% per year) and Vietnam (+7.0% per year).

In value terms, Morocco ($X) constituted the largest supplier of mixed fertilizers to Cameroon, comprising 58% of total imports. The second position in the ranking was taken by Norway ($X), with a 12% share of total imports. It was followed by Vietnam, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Morocco amounted to +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-13.8% per year) and Vietnam (+5.8% per year).

Import Prices by Country

The average mixed fertilizer import price stood at $X per ton in 2022, with a decrease of -4.6% against the previous year. Over the period under review, the import price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 an increase of 39% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 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 Morocco ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform