Western Africa: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Western Africa

In 2022, the West African ammonium sulphate market decreased by -14.5% to $X for the first time since 2019, thus ending a two-year rising trend. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then declined in the following year.

Ammonium Sulphate Production in Western Africa

In value terms, ammonium sulphate production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 35%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Ammonium Sulphate Exports

Exports in Western Africa

After three years of growth, overseas shipments of ammonium sulphate decreased by -93.9% to X tons in 2022. Over the period under review, exports faced a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 371%. Over the period under review, the exports hit record highs at X tons in 2021, and then fell dramatically in the following year.

In value terms, ammonium sulphate exports declined dramatically to $X in 2022. Overall, exports saw a abrupt contraction. The growth pace was the most rapid in 2020 when exports increased by 393%. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced notably in the following year.

Exports by Country

In 2022, Mali (X tons) was the key exporter of ammonium sulphate, creating 81% of total exports. Togo (X tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Mauritania (4.8%).

Exports from Mali decreased at an average annual rate of -12.4% from 2012 to 2022. At the same time, Togo (+18.0%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +18.0% from 2012-2022. By contrast, Mauritania (-2.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Togo, Mali and Mauritania increased by +14, +9.1 and +3.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mali ($X) remains the largest ammonium sulphate supplier in Western Africa, comprising 83% of total exports. The second position in the ranking was taken by Togo ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Mali amounted to -16.8%. In the other countries, the average annual rates were as follows: Togo (+15.5% per year) and Mauritania (-11.9% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, with a decrease of -20.9% against the previous year. In general, the export price showed a noticeable reduction. The growth pace was the most rapid in 2021 when the export price increased by 17% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mali ($X per ton), while Mauritania ($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 (-2.1%), while the other leaders experienced a decline in the export price figures.

Ammonium Sulphate Imports

Imports in Western Africa

In 2022, after three years of growth, there was significant decline in supplies from abroad of ammonium sulphate, when their volume decreased by -18.9% to X tons. Over the period under review, imports, however, saw moderate growth. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. As a result, imports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, ammonium sulphate imports reduced sharply to $X in 2022. In general, imports, however, recorded tangible growth. The pace of growth was the most pronounced in 2021 with an increase of 88% against the previous year. As a result, imports reached the peak of $X, and then reduced markedly in the following year.

Imports by Country

Nigeria (X tons), Mali (X tons) and Ghana (X tons) represented roughly 89% of total imports in 2022. It was distantly followed by Cote d'Ivoire (X tons), mixing up a 7.2% share of total imports. Togo (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +20.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ammonium sulphate importing markets in Western Africa were Nigeria ($X), Mali ($X) and Ghana ($X), with a combined 90% share of total imports.

Nigeria, with a CAGR of +19.6%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, reducing by -6% against the previous year. Overall, the import price showed a noticeable setback. The pace of growth appeared the most rapid in 2021 when the import price increased by 18%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (-0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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