Report Western Africa - Fertilizers - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Western Africa - Fertilizers - Market Analysis, Forecast, Size, Trends and Insights
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Western Africa: Fertilizer Market 2022

Fertilizer Market Size in Western Africa

In 2021, after two years of growth, there was significant decline in the West African fertilizer market, when its value decreased by -7% to $X. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then declined in the following year.

Fertilizer Production in Western Africa

In value terms, fertilizer production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced modestly in the following year.

Fertilizer Exports

Exports in Western Africa

Fertilizer exports soared to X tons in 2021, jumping by 43% on 2020. Over the period under review, exports showed prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by 77%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, fertilizer exports soared to $X in 2021. In general, exports showed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria dominates exports structure, amounting to X tons, which was approx. 76% of total exports in 2021. Mali (X tons) ranks second in terms of the total exports with a 9.7% share, followed by Senegal (7.3%) and Cote d'Ivoire (4.7%).

Nigeria was also the fastest-growing in terms of the fertilizers exports, with a CAGR of +30.2% from 2012 to 2021. At the same time, Senegal (+5.8%) and Cote d'Ivoire (+5.6%) displayed positive paces of growth. By contrast, Mali (-3.4%) illustrated a downward trend over the same period. While the share of Nigeria (+53 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Cote d'Ivoire (-4.7 p.p.), Senegal (-7.1 p.p.) and Mali (-33.8 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) remains the largest fertilizer supplier in Western Africa, comprising 78% of total exports. The second position in the ranking was taken by Mali ($X), with an 8.9% share of total exports. It was followed by Senegal, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value in Nigeria amounted to +31.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Mali (-7.2% per year) and Senegal (+8.2% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, jumping by 54% against the previous year. Overall, the export price, however, showed a slight contraction. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Senegal ($X per ton) and Nigeria ($X per ton), while Cote d'Ivoire ($X per ton) and Mali ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+2.3%), while the other leaders experienced mixed trends in the export price figures.

Fertilizer Imports

Imports in Western Africa

In 2021, supplies from abroad of fertilizers decreased by -7.6% to X tons for the first time since 2018, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 16% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then contracted in the following year.

In value terms, fertilizer imports declined modestly to $X in 2021. Over the period under review, imports showed a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of 13% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Nigeria (X tons) represented the key importer of fertilizers, comprising 32% of total imports. Cote d'Ivoire (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (14%), Mali (10%), Benin (8%), Burkina Faso (6.3%) and Togo (5%).

Imports into Nigeria increased at an average annual rate of +6.0% from 2012 to 2021. At the same time, Togo (+7.2%), Benin (+6.8%), Cote d'Ivoire (+2.8%) and Mali (+2.8%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +7.2% from 2012-2021. By contrast, Burkina Faso (-1.8%) and Ghana (-2.1%) illustrated a downward trend over the same period. Nigeria (+8.5 p.p.), Benin (+2.5 p.p.) and Togo (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Burkina Faso and Ghana saw its share reduced by -2.8% and -6.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fertilizer importing markets in Western Africa were Nigeria ($X), Cote d'Ivoire ($X) and Mali ($X), with a combined 57% share of total imports. These countries were followed by Ghana, Benin, Burkina Faso and Togo, which together accounted for a further 32%.

Benin, with a CAGR of +2.1%, 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 mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, picking up by 5.2% against the previous year. In general, the import price, however, showed a pronounced slump. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Mali ($X per ton) and Burkina Faso ($X per ton), while Ghana ($X per ton) and Nigeria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (-3.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for fertilizers in Western Africa?
+
The country with the largest volume of fertilizer consumption was Nigeria, comprising approx. 63% of total volume. Moreover, fertilizer consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Ghana, ninefold. The third position in this ranking was held by Mali, with a 5.5% share.
What are the largest producers of fertilizers in Western Africa?
+
The country with the largest volume of fertilizer production was Nigeria, accounting for 74% of total volume. Moreover, fertilizer production in Nigeria exceeded the figures recorded by the second-largest producer, Senegal, more than tenfold. Mali ranked third in terms of total production with a 4.7% share.
What are the leading exporters of fertilizers in Western Africa?
+
In value terms, Nigeria remains the largest fertilizer supplier in Western Africa, comprising 78% of total exports. The second position in the ranking was held by Mali, with an 8.9% share of total exports. It was followed by Senegal, with a 7.6% share.
What are the leading importers of fertilizers in Western Africa?
+
In value terms, Nigeria, Cote d'Ivoire and Mali constituted the countries with the highest levels of imports in 2021, together comprising 57% of total imports. These countries were followed by Ghana, Benin, Burkina Faso and Togo, which together accounted for a further 32%.
What is the average export price for fertilizers in Western Africa?
+
The export price in Western Africa stood at $474 per ton in 2021, jumping by 54% against the previous year.
What is the average import price for fertilizers in Western Africa?
+
The import price in Western Africa stood at $300 per ton in 2021, surging by 5.2% against the previous year.

This report provides an in-depth analysis of the fertilizer market in Western Africa. 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 4025 -
• FCL 4004 -
• FCL 4005 -
• FCL 4023 -
• FCL 4001 -
• FCL 4002 -
• FCL 4003 -
• FCL 4006 -
• FCL 4016 -
• FCL 4021 -
• FCL 4014 -
• FCL 4022 -
• FCL 4027 -
• FCL 4024 -
• FCL 4008 -
• FCL 4012 -
• FCL 4013 -
• FCL 4018 -
Country coverage:
• Benin
• Burkina Faso
• Cabo Verde
• Cote d'Ivoire
• Gambia
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Mauritania
• Saint Helena, Ascension and Tristan da Cunha
• Senegal
• Sierra Leone
• Togo

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Western Africa, split by region and country
• Trade (exports and imports) in Western Africa
• 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 2012–2021
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 2012–2021
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
• Mauritania
• Niger
• Nigeria
• Saint Helena, Ascension and Tristan da Cunha
• Senegal
• Sierra Leone
• Togo
• Cote d'Ivoire
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
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, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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