Report Update Nov 1, 2024

Ghana - Mixed Fertilizers - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Ghana

The Ghanian mixed fertilizer market surged to $X in 2022, increasing by 96% 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). In general, consumption saw a remarkable increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Mixed Fertilizer Exports

Exports from Ghana

In 2022, after three years of growth, there was significant decline in shipments abroad of mixed fertilizers, when their volume decreased by -14.9% to X tons. Overall, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by 162% against the previous year. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, mixed fertilizer exports dropped sharply to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 105% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Togo (X tons) was the main destination for mixed fertilizer exports from Ghana, accounting for a 100% share of total exports. It was followed by Burkina Faso (X tons), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Togo amounted to +50.3%.

In value terms, Togo ($X) emerged as the key foreign market for mixed fertilizers exports from Ghana, comprising 100% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Togo stood at +24.3%.

Export Prices by Country

In 2022, the average mixed fertilizer export price amounted to $X per ton, dropping by -6.5% against the previous year. Overall, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Burkina Faso ($X per ton), while the average price for exports to Togo totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+29.3%), while the prices for the other major destinations experienced a decline.

Mixed Fertilizer Imports

Imports into Ghana

In 2022, approx. X tons of mixed fertilizers were imported into Ghana; growing by 104% against 2021. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 216%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, mixed fertilizer imports surged to $X in 2022. In general, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 215% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Morocco (X tons), Belgium (X tons) and Turkey (X tons) were the main suppliers of mixed fertilizer imports to Ghana, together comprising 64% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +142.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X) constituted the largest supplier of mixed fertilizers to Ghana, comprising 36% of total imports. The second position in the ranking was held by Belgium ($X), with an 18% share of total imports. It was followed by Turkey, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Morocco stood at +87.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+29.5% per year) and Turkey (+113.2% per year).

Import Prices by Country

The average mixed fertilizer import price stood at $X per ton in 2022, falling by -11.9% against the previous year. In general, the import price saw a pronounced setback. The pace of growth was the most pronounced in 2021 an increase of 24%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mixed fertilizers in the world?

The countries with the highest volumes of in 2021 were China, Brazil and the United States, together accounting for 48% of global consumption. These countries were followed by India, Indonesia, Russia, Canada, Vietnam, Germany and Egypt, which together accounted for a further 24%.

What are the largest producers of mixed fertilizers in the world?

China remains the largest mixed fertilizer producing country worldwide, accounting for 29% of total volume. Moreover, mixed fertilizer production in China exceeded the figures recorded by the second-largest producer, Brazil, threefold. Russia ranked third in terms of total production with a 9.9% share.

What are the leading suppliers of mixed fertilizers to Ghana?

In value terms, Belgium constituted the largest supplier of mixed fertilizer to Ghana, comprising 62% of total imports. The second position in the ranking was occupied by the Netherlands, with a 16% share of total imports. It was followed by Russia, with a 5.7% share.

What are the leading importers of mixed fertilizers from Ghana?

In value terms, Burkina Faso remains the key foreign market for mixed fertilizer exports from Ghana.

What is the average export price for mixed fertilizers in Ghana?

In 2021, the average mixed fertilizer export price amounted to $67 per ton, waning by -36.4% against the previous year.

What is the average import price for mixed fertilizers in Ghana?

The average mixed fertilizer import price stood at $303 per ton in 2021, with an increase of 3.6% against the previous year.

This report provides an in-depth analysis of the mixed fertilizer market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20157130 -
Prodcom 20157180 -
Prodcom 20157200 - Diammonium hydrogenorthophosphate (diammonium phosphate) (excluding in tablets or similar forms or in packages of a weight of . .10 kg)
Prodcom 20157300 - Ammonium dihydrogenorthophosphate (monoammonium phosphate)
Prodcom 20157400 - Other mineral or chemical fertilisers containing the two fertilising elements nitrogen and phosphorus
Prodcom 20157500 - Mineral or chemical fertilisers containing the two fertilising elements phosphorus and potassium
Prodcom 20157100 - Mineral or chemical fertilisers containing the three fertilising elements nitrogen, phosphorus and potassium (excluding those in tablets or similar forms, or in packages with a gross weight of . .10 kg)
Prodcom 20157200 - Diammonium hydrogenorthophosphate (diammonium phosphate) (excluding in tablets or similar forms or in packages of a weight of . .10 kg)
Prodcom 20157300 - Ammonium dihydrogenorthophosphate (monoammonium phosphate)
Prodcom 20157400 - Other mineral or chemical fertilisers containing the two fertilising elements nitrogen and phosphorus
Prodcom 20157500 - Mineral or chemical fertilisers containing the two fertilising elements phosphorus and potassium

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023