Cameroon: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in Cameroon

The Cameroonian potassic fertilizer market dropped to $X in 2022, reducing by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Potassic fertilizer consumption peaked at $X in 2021, and then shrank in the following year.

Potassic Fertilizer Production in Cameroon

In value terms, potassic fertilizer production stood at $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Potassic fertilizer production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Potassic Fertilizer Exports

Exports from Cameroon

In 2022, the amount of potassic fertilizers exported from Cameroon skyrocketed to X tons, growing by X% against 2021. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, potassic fertilizer exports skyrocketed to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chad (X tons) was the main destination for potassic fertilizer exports from Cameroon, with a X% share of total exports. Moreover, potassic fertilizer exports to Chad exceeded the volume sent to the second major destination, Central African Republic (X tons), sixfold. Gabon (X tons) ranked third in terms of total exports with a X% share.

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

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

From 2012 to 2022, the average annual growth rate of value 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 Gabon (X% per year).

Export Prices by Country

The average potassic fertilizer export price stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the export price, however, continues to indicate a pronounced slump. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained 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 Gabon ($X per ton), while the average price for exports to Congo ($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 Gabon (X%), while the prices for the other major destinations experienced a decline.

Potassic Fertilizer Imports

Imports into Cameroon

In 2022, the amount of potassic fertilizers imported into Cameroon reduced to X tons, shrinking by X% against 2021. Overall, imports, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, potassic fertilizer imports reduced to $X in 2022. In general, imports showed a perceptible contraction. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Belarus (X tons) constituted the largest supplier of potassic fertilizer to Cameroon, accounting for a X% share of total imports. Moreover, potassic fertilizer imports from Belarus exceeded the figures recorded by the second-largest supplier, Canada (X tons), fourfold. France (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Canada ($X), Belarus ($X) and France ($X) were the largest potassic fertilizer suppliers to Cameroon, together accounting for X% of total imports. Russia, Chile and the Netherlands lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average potassic fertilizer import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform