Cote d'Ivoire: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in Cote d'Ivoire

The Cote d'Ivoire's potassium chloride (MOP) market dropped remarkably to $X in 2023, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then reduced notably in the following year.

Potassium Chloride (Mop) Exports

Exports from Cote d'Ivoire

In 2023, potassium chloride (mop) exports from Cote d'Ivoire soared to X tons, increasing by X% on the year before. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, potassium chloride (MOP) exports rose significantly to $X in 2023. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for potassium chloride (MOP) exports from Cote d'Ivoire, with a X% share of total exports. Moreover, potassium chloride (MOP) exports to Burkina Faso exceeded the volume sent to the second major destination, Mali (X tons), threefold. The third position in this ranking was taken by Liberia (X tons), with a X% share.

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

In value terms, the largest markets for potassium chloride (MOP) exported from Cote d'Ivoire were Burkina Faso ($X), Mali ($X) and Liberia ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Burkina Faso, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average potassium chloride (MOP) export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price recorded a pronounced reduction. 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 reached the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Gabon ($X per ton), while the average price for exports to Burkina Faso ($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 Mali (X%), while the prices for the other major destinations experienced mixed trend patterns.

Potassium Chloride (Mop) Imports

Imports into Cote d'Ivoire

Potassium chloride (MOP) imports into Cote d'Ivoire declined rapidly to X tons in 2023, falling by X% compared with 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, potassium chloride (MOP) imports shrank rapidly to $X in 2023. Overall, imports, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced remarkably in the following year.

Imports by Country

Belarus (X tons), Russia (X tons) and Canada (X tons) were the main suppliers of potassium chloride (MOP) imports to Cote d'Ivoire, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Belarus ($X) and Russia ($X) constituted the largest potassium chloride (MOP) suppliers to Cote d'Ivoire, with a combined X% share of total imports.

Among the main suppliers, Canada, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average potassium chloride (MOP) import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price, however, enjoyed a measured increase. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined modestly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform