Cote d'Ivoire: Market for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers 2024

Market Size for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in Cote d'Ivoire

In 2022, the Cote d'Ivoire's market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a sharp slump. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in Cote d'Ivoire

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers rose to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild decline. The growth pace was the most rapid in 2020 when the production volume increased by 12% against the previous year. Over the period under review, production of attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers

Exports from Cote d'Ivoire

In 2022, the amount of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exported from Cote d'Ivoire fell significantly to X tons, dropping by -24.6% on 2021. Overall, exports faced a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of 109% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers shrank significantly to $X in 2022. In general, exports saw a dramatic decrease. The growth pace was the most rapid in 2018 when exports increased by 99%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons), Liberia (X tons) and Mali (X kg) were the main destinations of exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from Cote d'Ivoire, with a combined 97% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Liberia (with a CAGR of -7.2%), while shipments for the other leaders experienced a decline.

In value terms, Burkina Faso ($X) remains the key foreign market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exports from Cote d'Ivoire, comprising 52% of total exports. The second position in the ranking was taken by Togo ($X), with an 18% share of total exports. It was followed by Mali, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Burkina Faso amounted to -33.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (-15.4% per year) and Mali (-35.4% per year).

Export Prices by Country

The average export price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers stood at $X per ton in 2022, approximately equating the previous year. Overall, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2017 when the average export price increased by 1.5%. 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 Togo ($X per ton), while the average price for exports to Liberia ($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 Mali (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers

Imports into Cote d'Ivoire

In 2022, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers into Cote d'Ivoire declined modestly to X tons, approximately equating the year before. Overall, imports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 293%. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers declined to $X in 2022. In general, imports showed a significant curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 252%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Egypt (X tons) constituted the largest supplier of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Cote d'Ivoire, accounting for a 60% share of total imports. Moreover, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from Egypt exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Canada (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Egypt amounted to +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.1% per year) and Canada (-41.3% per year).

In value terms, India ($X), Egypt ($X) and the United States ($X) appeared to be the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers suppliers to Cote d'Ivoire, with a combined 93% share of total imports.

In terms of the main suppliers, India, with a CAGR of +33.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers amounted to $X per ton, falling by -3.6% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers increased by +30.1% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 38% against the previous year. The import price peaked at $X per ton in 2021, and then fell in the following year.

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 India ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform