Report ECOWAS - Potassic Fertilizers (Mineral and Chemical) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Feb 5, 2023

ECOWAS - Potassic Fertilizers (Mineral and Chemical) - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)

ECOWAS: Potassic Fertilizer Market 2023

Potassic Fertilizer Market Size in ECOWAS

In 2021, the ECOWAS potassic fertilizer market decreased by -72% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption continues to indicate a abrupt decrease. As a result, consumption reached the peak level of $X, and then declined remarkably in the following year.

Potassic Fertilizer Production in ECOWAS

In value terms, potassic fertilizer production skyrocketed to $X in 2021 estimated in export price. In general, production, however, faced a deep slump. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Potassic Fertilizer Exports

Exports in ECOWAS

In 2021, shipments abroad of potassic fertilizers increased by 27% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 48%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, potassic fertilizer exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a abrupt slump. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Mali (X tons), Nigeria (X tons) and Togo (X tons) represented the main exporter of potassic fertilizers in ECOWAS, constituting 80% of total export. It was distantly followed by Cote d'Ivoire (X tons), creating a 15% share of total exports. Senegal (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Nigeria (with a CAGR of +115.9%), while the other leaders experienced more modest paces of growth.

In value terms, Mali ($X), Togo ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 77% of total exports. Nigeria and Senegal lagged somewhat behind, together accounting for a further 22%.

Nigeria, with a CAGR of +92.9%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2021, dropping by -4.4% against the previous year. Over the period under review, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2020 an increase of 8.4%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Senegal ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+1.4%), while the other leaders experienced a decline in the export price figures.

Potassic Fertilizer Imports

Imports in ECOWAS

After two years of growth, supplies from abroad of potassic fertilizers decreased by -68.4% to X tons in 2021. Overall, imports showed a slight contraction. The most prominent rate of growth was recorded in 2020 with an increase of 70%. As a result, imports attained the peak of X tons, and then dropped sharply in the following year.

In value terms, potassic fertilizer imports dropped sharply to $X in 2021. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 50% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then shrank notably in the following year.

Imports by Country

The purchases of the three major importers of potassic fertilizers, namely Mali, Cote d'Ivoire and Senegal, represented more than two-thirds of total import. Ghana (X tons) held a 9.1% share (based on physical terms) of total imports, which put it in second place, followed by Liberia (4.9%). The following importers - Togo (X tons) and Burkina Faso (X tons) - each finished at a 5.3% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Liberia (with a CAGR of +43.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest potassic fertilizer importing markets in ECOWAS were Senegal ($X), Mali ($X) and Cote d'Ivoire ($X), with a combined 79% share of total imports. These countries were followed by Ghana, Liberia, Togo and Burkina Faso, which together accounted for a further 17%.

Liberia, with a CAGR of +32.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2021, picking up by 2.1% against the previous year. Overall, the import price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 17%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Senegal ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (-4.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for potassic fertilizers in ECOWAS?
+
The countries with the highest volumes of consumption in 2021 were Mali, Senegal and Cote d'Ivoire, with a combined 79% share of total consumption. These countries were followed by Ghana, Liberia, Burkina Faso and Nigeria, which together accounted for a further 20%.
What are the largest producers of potassic fertilizers in ECOWAS?
+
The country with the largest volume of potassic fertilizer production was Nigeria, comprising approx. 94% of total volume. Moreover, potassic fertilizer production in Nigeria exceeded the figures recorded by the second-largest producer, Mali, more than tenfold.
What are the leading suppliers of potassic fertilizers in ECOWAS?
+
In value terms, the largest potassic fertilizer supplying countries in ECOWAS were Mali, Togo and Cote d'Ivoire, together accounting for 77% of total exports. Nigeria and Senegal lagged somewhat behind, together comprising a further 22%.
What are the leading importers of potassic fertilizers in ECOWAS?
+
In value terms, Senegal, Mali and Cote d'Ivoire appeared to be the countries with the highest levels of imports in 2021, with a combined 79% share of total imports. Ghana, Liberia, Togo and Burkina Faso lagged somewhat behind, together comprising a further 17%.
What is the average export price for potassic fertilizers in ECOWAS?
+
The export price in ECOWAS stood at $349 per ton in 2021, with a decrease of -4.4% against the previous year.
What is the average import price for potassic fertilizers in ECOWAS?
+
The import price in ECOWAS stood at $293 per ton in 2021, picking up by 2.1% against the previous year.

This report provides an in-depth analysis of the potassic fertilizer market in ECOWAS. 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:
• FCL 4016 -
• FCL 4017 -
Country coverage:
• Benin
• Burkina Faso
• Cabo Verde
• Cote d'Ivoire
• Gambia
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Senegal
• Sierra Leone
• Togo

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in ECOWAS, split by region and country
• Trade (exports and imports) in ECOWAS
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Benin
• Burkina Faso
• Cabo Verde
• Gambia
• Ghana
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Niger
• Nigeria
• Senegal
• Sierra Leone
• Togo
• Cote d'Ivoire
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
Webinar: Decarbonisation and Your Business Strategy - Zero Net Carbon Buildings

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 22nd, 2022 @ 04:00 pm ET

Webinar: Decarbonisation and Your Business Strategy - Tools and Marketplaces

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 8th, 2022 @ 04:00 pm ET

Webinar: Decarbonisation and Your Business Strategy - Steps and Practices

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, January 25th, 2022 @ 04:00 pm ET