Western Africa: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Western Africa

The West African animal or vegetable fertilisers market fell modestly to $X in 2022, remaining stable against the previous year. Overall, consumption, however, recorded buoyant growth. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Production of Animal Or Vegetable Fertilisers in Western Africa

In value terms, animal or vegetable fertilisers production dropped to $X in 2022 estimated in export price. Overall, production, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Animal Or Vegetable Fertilisers

Exports in Western Africa

For the seventh year in a row, Western Africa recorded growth in overseas shipments of animal or vegetable fertilisers, which increased by X% to X tons in 2022. Over the period under review, exports saw prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, animal or vegetable fertilisers exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Mauritania prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. Cote d'Ivoire (X tons) held the second position in the ranking, followed by Burkina Faso (X tons). All these countries together held near X% share of total exports. Senegal (X tons) and Ghana (X tons) followed a long way behind the leaders.

Exports from Mauritania increased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%), Cote d'Ivoire (X%) and Burkina Faso (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) illustrated a downward trend over the same period. While the share of Mauritania (X p.p.), Cote d'Ivoire (X p.p.), Senegal (X p.p.) and Burkina Faso (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, Mauritania ($X) remains the largest animal or vegetable fertilisers supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mauritania amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, showed a deep setback. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Imports of Animal Or Vegetable Fertilisers

Imports in Western Africa

In 2022, approx. X tons of animal or vegetable fertilisers were imported in Western Africa; waning by X% against the previous year. In general, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, animal or vegetable fertilisers imports shrank to $X in 2022. Overall, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Ghana was the main importing country with an import of around X tons, which recorded X% of total imports. Cote d'Ivoire (X tons) ranks second in terms of the total imports with a X% share, followed by Senegal (X%), Mali (X%) and Guinea (X%). Burkina Faso (X tons) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the animal or vegetable fertilisers imports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%), Guinea (X%), Senegal (X%), Mali (X%) and Burkina Faso (X%) displayed positive paces of growth. While the share of Ghana (X p.p.), Cote d'Ivoire (X p.p.), Senegal (X p.p.), Mali (X p.p.) and Guinea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Burkina Faso (X p.p.) displayed negative dynamics.

In value terms, Ghana ($X) constitutes the largest market for imported animal or vegetable fertilisers in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

In Ghana, animal or vegetable fertilisers imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 Cote d'Ivoire ($X per ton), while Mali ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :