Cote d'Ivoire: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Cote d'Ivoire

The Cote d'Ivoire's animal or vegetable fertilisers market shrank modestly to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Animal or vegetable fertilisers consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Animal Or Vegetable Fertilisers in Cote d'Ivoire

In value terms, animal or vegetable fertilisers production reduced slightly to $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 throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Animal or vegetable fertilisers production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Animal Or Vegetable Fertilisers

Exports from Cote d'Ivoire

In 2022, shipments abroad of animal or vegetable fertilisers increased by X% to X tons, rising for the second consecutive year after four years of decline. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, animal or vegetable fertilisers exports skyrocketed to $X in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Burkina Faso (X tons) was the main destination for animal or vegetable fertilisers exports from Cote d'Ivoire, accounting for a X% share of total exports. Moreover, animal or vegetable fertilisers exports to Burkina Faso exceeded the volume sent to the second major destination, Mali (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burkina Faso totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (X% per year) and Ghana (X% per year).

In value terms, Burkina Faso ($X), Mali ($X) and Ghana ($X) were the largest markets for animal or vegetable fertilisers exported from Cote d'Ivoire worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Burkina Faso, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average animal or vegetable fertilisers export price amounted to $X per ton, shrinking by X% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price 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, animal or vegetable fertilisers export price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Burkina Faso ($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 Nigeria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Animal Or Vegetable Fertilisers

Imports into Cote d'Ivoire

In 2022, approx. X tons of animal or vegetable fertilisers were imported into Cote d'Ivoire; jumping by X% compared with 2021. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, animal or vegetable fertilisers imports soared to $X in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Italy (X tons), France (X tons) and Ghana (X tons) were the main suppliers of animal or vegetable fertilisers imports to Cote d'Ivoire, with a combined X% share of total imports. Spain, the Netherlands, Belgium and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Spain ($X) were the largest animal or vegetable fertilisers suppliers to Cote d'Ivoire, with a combined X% share of total imports.

Italy, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers 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 animal or vegetable fertilisers import price amounted to $X per ton, remaining stable against the previous year. In general, the import price faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform