Cote d'Ivoire: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Cote d'Ivoire

After two years of growth, the Cote d'Ivoire's diammonium phosphate market decreased by X% to $X in 2023. Overall, consumption saw notable growth. Diammonium phosphate consumption peaked at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Diammonium Phosphate Exports

Exports from Cote d'Ivoire

After four years of growth, overseas shipments of diammonium phosphate decreased by X% to X tons in 2023. Over the period under review, exports, however, continue to indicate a significant increase. 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 reached the peak figure at X tons in 2022, and then contracted dramatically in the following year.

In value terms, diammonium phosphate exports shrank significantly to $X in 2023. Overall, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Niger (X tons) was the main destination for diammonium phosphate exports from Cote d'Ivoire, with a X% share of total exports. Moreover, diammonium phosphate exports to Niger exceeded the volume sent to the second major destination, Burkina Faso (X tons), threefold.

From 2012 to 2023, the average annual growth rate of volume to Niger totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (X% per year) and Mali (X% per year).

In value terms, Niger ($X), Burkina Faso ($X) and Mali ($X) constituted the largest markets for diammonium phosphate exported from Cote d'Ivoire worldwide.

Niger, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average diammonium phosphate export price stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2022 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Mali ($X per ton), while the average price for exports to Niger ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Niger (X%), while the prices for the other major destinations experienced a decline.

Diammonium Phosphate Imports

Imports into Cote d'Ivoire

In 2023, imports of diammonium phosphate into Cote d'Ivoire stood at X tons, increasing by X% compared with 2022 figures. In general, imports enjoyed a temperate increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2023, the growth of imports failed to regain momentum.

In value terms, diammonium phosphate imports contracted to $X in 2023. Overall, imports saw measured 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, imports attained the maximum at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Morocco (X tons) constituted the largest diammonium phosphate supplier to Cote d'Ivoire, accounting for a X% share of total imports. Moreover, diammonium phosphate imports from Morocco exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by Russia (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Morocco amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Russia (X% per year).

In value terms, Morocco ($X), the United States ($X) and Russia ($X) constituted the largest diammonium phosphate suppliers to Cote d'Ivoire, together accounting for X% of total imports.

The United States, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average diammonium phosphate import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Russia ($X per ton), while the price for Morocco ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform