Africa Potash Fertilizer Market Size

Statistics for the 2023 & 2024 Africa Potash Fertilizer market size, created by Mordor Intelligence™ Industry Reports. Africa Potash Fertilizer size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Africa Potash Fertilizer Industry

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Africa potash fertilizer market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.40 %
Market Concentration Low

Major Players

Africa potash fertilizer market size

*Disclaimer: Major Players sorted in no particular order

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Africa Potash Fertilizer Market Analysis

The increasing investments in the region's fertilizer sector is a clear indication of the potassic fertilizer expansion in the years to come, thereby anticipating record relatively higher CAGR for potassic fertilizers at 7.4% as compared to other chemical fertilizers in the African region. As part of expansion activities, Ethiopia is even preparing to mine and export potash, which is likely to cap down the production costs of fertilizer, accompanied by the accruing raw material supply in the African region. The study clearly indicates that many countries, such as Kenya, Nigeria, Mali, and Burkina Faso, have recorded a very less potassic fertilizer usage, which is capping down the potassic fertilizer sales in the region. Hence, targeting these markets by improving the regulatory policies across the region may potentially enhance the market in the years to come.

Africa Potash Fertilizer Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)