ECOWAS - Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution - Market Analysis, Forecast, Size, Trends and Insights
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View PricingECOWAS: Market for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution 2024
Market Size for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in ECOWAS
The ECOWAS market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution amounted to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.
Production of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in ECOWAS
In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution stood at $X in 2023 estimated in export price. The total production indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2021; afterwards, it flattened through to 2023.
Exports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution
Exports in ECOWAS
After two years of growth, overseas shipments of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution decreased by X% to X tons in 2023. In general, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports of reached the maximum at X tons in 2022, and then reduced remarkably in the following year.
In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution fell sharply to $X in 2023. Overall, exports, however, saw prominent growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then fell sharply in the following year.
Exports by Country
Nigeria represented the largest exporter of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in ECOWAS, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Ghana (X tons), achieving an X% share of total exports.
Nigeria was also the fastest-growing in terms of the mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exports, with a CAGR of X% from 2012 to 2023. At the same time, Ghana (X%) displayed positive paces of growth. Nigeria (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Nigeria ($X) and Ghana ($X) were the countries with the highest levels of exports in 2023.
Nigeria, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.
Export Prices by Country
The export price in ECOWAS stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the export price saw a noticeable shrinkage. The pace of growth was the most pronounced in 2013 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Nigeria amounted to $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%).
Imports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution
Imports in ECOWAS
In 2023, supplies from abroad of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports of failed to regain momentum.
In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution contracted to $X in 2023. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. The level of import peaked at $X in 2022, and then dropped in the following year.
Imports by Country
Mali was the major importing country with an import of around X tons, which finished at X% of total imports. Niger (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (X%) and Nigeria (X%).
Mali was also the fastest-growing in terms of the mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution imports, with a CAGR of X% from 2012 to 2023. At the same time, Niger (X%) and Ghana (X%) displayed positive paces of growth. By contrast, Nigeria (X%) illustrated a downward trend over the same period. While the share of Mali (X p.p.), Niger (X p.p.) and Ghana (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Nigeria (X p.p.) displayed negative dynamics.
In value terms, Mali ($X) constitutes the largest market for imported mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Niger ($X), with a X% share of total imports. It was followed by Nigeria, with an X% share.
From 2012 to 2023, the average annual rate of growth in terms of value in Mali stood at X%. In the other countries, the average annual rates were as follows: Niger (X% per year) and Nigeria (X% per year).
Import Prices by Country
In 2023, the import price in ECOWAS amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell remarkably in the following year.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Mali ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced mixed trends in the import price figures.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution 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 4006 - Urea and ammonium nitrate solutions (UAN)
Country coverage:
- Benin
- Burkina Faso
- Cabo Verde
- Cote d'Ivoire
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- 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:
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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