Western Africa: Dicalcium Phosphate Market 2024

Dicalcium Phosphate Market Size in Western Africa

The West African dicalcium phosphate market fell to $X in 2023, declining by X% against the previous year. Over the period under review, consumption enjoyed strong growth. Over the period under review, the market attained the maximum level at $X in 2022, and then declined in the following year.

Dicalcium Phosphate Production in Western Africa

In value terms, dicalcium phosphate production reached $X in 2023 estimated in export price. The total production indicated a mild increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. 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 most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Dicalcium Phosphate Exports

Exports in Western Africa

In 2023, exports of calcium hydrogenorthophosphate (dicalcium phosphate) in Western Africa contracted dramatically to X tons, waning by X% against the previous year's figure. Overall, exports recorded a perceptible downturn. The pace of growth was the most pronounced in 2022 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, dicalcium phosphate exports fell remarkably to $X in 2023. Over the period under review, exports showed a mild slump. The growth pace was the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then reduced notably in the following year.

Exports by Country

In 2023, Senegal (X tons) was the key exporter of calcium hydrogenorthophosphate (dicalcium phosphate), creating X% of total exports. It was distantly followed by Ghana (X tons), comprising an X% share of total exports.

Exports from Senegal decreased at an average annual rate of X% from 2012 to 2023. Ghana (X%) illustrated a downward trend over the same period. Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while Senegal saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Senegal ($X) emerged as the largest dicalcium phosphate supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Senegal stood at X%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, picking up by X% against the previous year. Export price indicated a noticeable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Dicalcium Phosphate Imports

Imports in Western Africa

Dicalcium phosphate imports rose significantly to X tons in 2023, with an increase of X% on the year before. Over the period under review, imports recorded a noticeable increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, dicalcium phosphate imports contracted to $X in 2023. Overall, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, Nigeria (X tons) represented the major importer of calcium hydrogenorthophosphate (dicalcium phosphate), comprising X% of total imports. It was distantly followed by Ghana (X tons) and Cote d'Ivoire (X tons), together generating a X% share of total imports. Senegal (X tons) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to dicalcium phosphate imports into Nigeria stood at X%. At the same time, Ghana (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. Senegal experienced a relatively flat trend pattern. From 2012 to 2023, the share of Ghana and Cote d'Ivoire increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Nigeria, dicalcium phosphate imports expanded 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, waning by X% against the previous year. Import price indicated a mild increase from 2012 to 2023: its price 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, dicalcium phosphate import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank significantly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Ghana ($X per ton) and Cote d'Ivoire ($X per ton), while Senegal ($X per ton) and Nigeria ($X per ton) were 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