Western Africa: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Western Africa

The West African ammonium sulphate market rose remarkably 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; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2023 and is expected to retain growth in the near future.

Ammonium Sulphate Production in Western Africa

In value terms, ammonium sulphate production rose markedly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Ammonium Sulphate Exports

Exports in Western Africa

In 2023, approx. X tons of ammonium sulphate were exported in Western Africa; growing by X% compared with 2022 figures. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, ammonium sulphate exports shrank to $X in 2023. In general, exports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Mali represented the major exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Niger (X tons) and Mauritania (X tons), together comprising a X% share of total exports. Ghana (X tons) held a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to ammonium sulphate exports from Mali stood at X%. Niger (X%), Mauritania (X%) and Ghana (X%) illustrated a downward trend over the same period. Niger (X p.p.), Ghana (X p.p.) and Mauritania (X p.p.) significantly strengthened its position in terms of the total exports, while Mali saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Mali ($X) remains the largest ammonium sulphate supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with an X% share of total exports. It was followed by Niger, with a X% share.

In Mali, ammonium sulphate exports shrank by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Niger (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Niger (X%), while the other leaders experienced a decline in the export price figures.

Ammonium Sulphate Imports

Imports in Western Africa

In 2023, purchases abroad of ammonium sulphate increased by X% to X tons, rising for the third consecutive year after three years of decline. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are likely to continue growth in years to come.

In value terms, ammonium sulphate imports rose notably to $X in 2023. Over the period under review, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are likely to see steady growth in the near future.

Imports by Country

In 2023, Nigeria (X tons) represented the largest importer of ammonium sulphate, constituting X% of total imports. Ghana (X tons) ranks second in terms of the total imports with an X% share, followed by Cote d'Ivoire (X%). The following importers - Senegal (X tons) and Mali (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to ammonium sulphate imports into Nigeria stood at X%. At the same time, Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. Ghana experienced a relatively flat trend pattern. By contrast, Mali (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) and Senegal (X p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire, Ghana and Mali saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

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

In Nigeria, ammonium sulphate imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price, however, saw a mild increase. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform