Cote d'Ivoire: Potassium Nitrate Market 2024

Potassium Nitrate Market Size in Cote d'Ivoire

The Cote d'Ivoire's potassium nitrate market declined notably to $X in 2022, with a decrease of -16.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a abrupt setback. Potassium nitrate consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Potassium Nitrate Exports

Exports from Cote d'Ivoire

In 2022, potassium nitrate exports from Cote d'Ivoire totaled X tons, standing approx. at the previous year's figure. Over the period under review, exports faced a dramatic curtailment. The growth pace was the most rapid in 2021 with an increase of 12%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, potassium nitrate exports reached $X in 2022. Overall, exports saw a dramatic downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for potassium nitrate exports from Cote d'Ivoire, accounting for a 83% share of total exports. Moreover, potassium nitrate exports to the United States exceeded the volume sent to the second major destination, Burkina Faso (X kg), eightfold. The third position in this ranking was held by Guinea (X kg), with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (-33.5% per year) and Guinea (-32.3% per year).

In value terms, the United States ($X) emerged as the key foreign market for potassium nitrates exports from Cote d'Ivoire, comprising 76% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a 21% share of total exports. It was followed by Guinea, with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (-36.3% per year) and Guinea (-42.1% per year).

Export Prices by Country

In 2022, the average potassium nitrate export price amounted to $X per ton, standing approx. at the previous year. Overall, the export price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 6% 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Guinea ($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 Burkina Faso (-4.3%), while the prices for the other major destinations experienced a decline.

Potassium Nitrate Imports

Imports into Cote d'Ivoire

In 2022, the amount of potassium nitrates imported into Cote d'Ivoire dropped to X tons, with a decrease of -14.1% against the year before. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when imports increased by 126%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, potassium nitrate imports declined remarkably to $X in 2022. Overall, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2014 when imports increased by 124%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Russia (X tons), China (X tons) and Israel (X tons) were the main suppliers of potassium nitrate imports to Cote d'Ivoire, with a combined 80% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of -1.5%), while purchases for the other leaders experienced a decline.

In value terms, Israel ($X) constituted the largest supplier of potassium nitrates to Cote d'Ivoire, comprising 43% of total imports. The second position in the ranking was taken by Russia ($X), with a 20% share of total imports. It was followed by China, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from Israel stood at -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-7.3% per year) and China (-7.8% per year).

Import Prices by Country

In 2022, the average potassium nitrate import price amounted to $X per ton, waning by -4.6% against the previous year. Overall, the import price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 12% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 Israel ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform