Cote d'Ivoire: Phosphoric Acid Market 2025

Phosphoric Acid Market Size in Cote d'Ivoire

The Cote d'Ivoire's phosphoric acid market reached $X in 2022, picking up by 9.1% 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, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.7% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Phosphoric Acid Exports

Exports from Cote d'Ivoire

In 2022, phosphoric acid exports from Cote d'Ivoire soared to X tons, jumping by 17% against the previous year. Overall, exports showed resilient growth. The pace of growth was the most pronounced in 2019 when exports increased by 105% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, phosphoric acid exports rose remarkably to $X in 2022. Over the period under review, exports showed resilient growth. The growth pace was the most rapid in 2018 when exports increased by 75% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mali (X tons) was the main destination for phosphoric acid exports from Cote d'Ivoire, with a 98% share of total exports. It was followed by Burkina Faso (X kg), with a 1.7% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Mali stood at +11.5%.

In value terms, Mali ($X) remains the key foreign market for phosphoric acid and polyphosphoric acids exports from Cote d'Ivoire, comprising 100% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Mali totaled +14.9%.

Export Prices by Country

The average phosphoric acid export price stood at $X per ton in 2022, shrinking by -3.1% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphoric acid export price increased by +2.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 30% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mali ($X per ton), while the average price for exports to Burkina Faso amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mali (+3.1%).

Phosphoric Acid Imports

Imports into Cote d'Ivoire

In 2022, approx. X tons of phosphoric acid and polyphosphoric acids were imported into Cote d'Ivoire; surging by 9.1% compared with the previous year. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.7% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 75% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, phosphoric acid imports rose significantly to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.7% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by 64%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest phosphoric acid supplier to Cote d'Ivoire, with a 71% share of total imports. Moreover, phosphoric acid imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. Belgium (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+131.4% per year) and Belgium (+26.8% per year).

In value terms, China ($X) constituted the largest supplier of phosphoric acid and polyphosphoric acids to Cote d'Ivoire, comprising 63% of total imports. The second position in the ranking was taken by Brazil ($X), with a 9% share of total imports. It was followed by Belgium, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-2.8% per year) and Belgium (+29.1% per year).

Import Prices by Country

The average phosphoric acid import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 17%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform