Africa: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Africa

The African animal or vegetable fertilisers market declined modestly to $X in 2023, waning by X% against the previous year. The total consumption indicated a perceptible expansion 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, consumption increased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Production of Animal Or Vegetable Fertilisers in Africa

In value terms, animal or vegetable fertilisers production contracted slightly to $X in 2023 estimated in export price. The total production indicated a perceptible increase from 2012 to 2023: its value 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, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

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Exports of Animal Or Vegetable Fertilisers

Exports in Africa

In 2023, the amount of animal or vegetable fertilisers exported in Africa expanded slightly to X tons, growing by X% on the year before. Overall, exports recorded notable growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are likely to see steady growth in the near future.

In value terms, animal or vegetable fertilisers exports rose modestly to $X in 2023. In general, exports continue to indicate moderate growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Mauritania represented the main exporter of animal or vegetable fertilisers in Africa, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by South Africa (X tons), Egypt (X tons) and Namibia (X tons), together making up a X% share of total exports. The following exporters - Senegal (X tons) and Botswana (X tons) - each accounted for a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to animal or vegetable fertilisers exports from Mauritania stood at X%. At the same time, Botswana (X%), Senegal (X%), Egypt (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. By contrast, South Africa (X%) illustrated a downward trend over the same period. While the share of Mauritania (X p.p.), Egypt (X p.p.), Senegal (X p.p.) and Botswana (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest animal or vegetable fertilisers supplying countries in Africa were South Africa ($X), Mauritania ($X) and Egypt ($X), with a combined X% share of total exports. Namibia, Botswana and Senegal lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Botswana, with a CAGR of X%, saw the highest rates of growth with regard to 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

The export price in Africa stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price, however, showed a slight increase. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Imports of Animal Or Vegetable Fertilisers

Imports in Africa

In 2023, imports of animal or vegetable fertilisers in Africa soared to X tons, growing by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports failed to regain momentum.

In value terms, animal or vegetable fertilisers imports shrank to $X in 2023. Overall, imports, however, recorded a slight decline. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Libya (X tons), distantly followed by Swaziland (X tons), Togo (X tons), South Africa (X tons), Algeria (X tons) and Senegal (X tons) represented the major importers of animal or vegetable fertilisers, together making up X% of total imports. Ghana (X tons), Tunisia (X tons), Mozambique (X tons), Kenya (X tons), Angola (X tons), Mali (X tons) and Namibia (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to animal or vegetable fertilisers imports into Libya stood at X%. At the same time, Togo (X%), Senegal (X%), Mali (X%), Algeria (X%), Ghana (X%), Kenya (X%), Namibia (X%), Mozambique (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. Angola and South Africa experienced a relatively flat trend pattern. By contrast, Swaziland (X%) illustrated a downward trend over the same period. While the share of Libya (X p.p.), Togo (X p.p.), Senegal (X p.p.), Algeria (X p.p.), Ghana (X p.p.), Mali (X p.p.) and Kenya (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Swaziland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest animal or vegetable fertilisers importing markets in Africa were Algeria ($X), Togo ($X) and Swaziland ($X), with a combined X% share of total imports.

In terms of the main importing countries, Togo, with a CAGR of X%, saw 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 import price in Africa amounted to $X per ton, dropping by X% against the previous year. Overall, the import price continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform