Cote d'Ivoire: Fertilizer Market 2024

Fertilizer Market Size in Cote d'Ivoire

In 2022, the Cote d'Ivoire's fertilizer market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a buoyant expansion. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Fertilizer Production in Cote d'Ivoire

In value terms, fertilizer production dropped to $X in 2022 estimated in export price. Over the period under review, production enjoyed a strong expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Fertilizer Exports

Exports from Cote d'Ivoire

In 2022, shipments abroad of fertilizers increased by X% to X tons, rising for the fourth consecutive year after four years of decline. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, fertilizer exports skyrocketed to $X in 2022. In general, exports posted a significant increase. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Burkina Faso (X tons) was the main destination for fertilizer exports from Cote d'Ivoire, with a X% share of total exports. Moreover, fertilizer exports to Burkina Faso exceeded the volume sent to the second major destination, Mali (X tons), twofold. Ghana (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 Burkina Faso amounted to 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 ($X) remains the key foreign market for fertilizers exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was held by Mali ($X), with a X% share of total exports. It was followed by Ghana, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value 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).

Export Prices by Country

The average fertilizer export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, export price indicated a modest increase 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, fertilizer export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 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 Ghana ($X per ton), while the average price for exports to Mali ($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 Niger (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into Cote d'Ivoire

In 2022, imports of fertilizers into Cote d'Ivoire surged to X tons, increasing by X% against 2021 figures. Over the period under review, total imports indicated strong growth 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 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, fertilizer imports soared to $X in 2022. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Morocco (X tons), Nigeria (X tons) and Canada (X tons) were the main suppliers of fertilizer imports to Cote d'Ivoire, together comprising X% of total imports. Russia, Belarus, Norway, Israel, China and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fertilizer suppliers to Cote d'Ivoire were Morocco ($X), Russia ($X) and Nigeria ($X), with a combined X% share of total imports. Canada, Norway, Spain, Israel, China and Belarus lagged somewhat behind, together accounting for a further X%.

Norway, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average fertilizer import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Spain ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform