With West Africa (mainly Nigeria and Ghana) economic development and population growth, agricultural chemicals market in the region will be stable development of the total market in 2010 increased to $ 487.9 million from 2017 to $ 586.4 million.
Frost & Sullivan pointed out that the driving force of the West African agrochemical market is mainly the following: First, the population growth rate in West Africa has not shown signs of slowing, and population growth will inevitably lead to increased demand for food; secondly, land in West Africa is mostly poor. If farmers do not use agrochemicals, local residents will face the risk of food crop failure. Third, the climate conditions in West Africa are very bad and droughts and floods often occur. This places high demands on grain production in West Africa. Finally, food The export of crops is an important source of income for the local people. This makes the West African government refrain from neglecting the development of agriculture. Agrochemicals play a crucial role in solving the above problems.
The West African agrochemical market also has some limiting factors that cannot be ignored. Among them, the rise in the prices of agrochemicals will cause the decline in purchasing power to be a major challenge. In recent years, the price of crude oil has risen all the way, causing the cost of agricultural chemicals to rise. For the economically underdeveloped West Africa region, the high prices of agrochemicals are unbearable to local farmers. Inconvenient transportation is another important factor limiting the development of the local agrochemical market. As the saying goes, road traffic has become an imperfect road transport system in West Africa, which has become a limiting factor in many product markets, and the agrochemical market has not been spared. In addition, the inefficiency of regional transactions and the war that may erupt in the region at any time are also negative factors affecting the local agrochemical market.
Since 2007, there have been more and more competitors in the agrochemical market in West Africa. Among them, five companies wienco (Ghana), Yara, Chemico, Golden Stork and Calli Ghana play an important role, occupying up to 95% of the market.
Wienco (Ghana) Co., Ltd. is the leading agricultural chemicals market in West Africa and its main business is the import and sale of agricultural chemicals. The company has branches in 4 cities in Ghana and has its own sales network. In the future, Wienco will continue to increase its market share and better serve the development of Ghanaian agriculture. Calli Ghana also engages in the import and sale of agrochemicals, and has a certain share of the agrochemical market in Ghana. At the same time, the company also provided some agricultural appliances to local farmers and expanded its main business scope. Golden Stock, a subsidiary of the French listed company SSI Group, is a comprehensive company that integrates production and sales. It provides a variety of agrochemicals for the West African market.
Chemico Co., Ltd. is a large global company that produces 180,000 tons of fertilizer, 3 million liters of pesticides and a considerable amount of fungicides each year. The company generally imports agrochemicals from Eastern Europe and sells them to local residents in West Africa. Acme Co., Ltd. wins with the quality of its products. The quality of its sales of agrochemicals is among the best among these companies. In recent years, investment in Tama, a famous city in Ghana, will make it more useful in the future West African market. Take a place.
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