Africa: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Africa

In 2023, the African nitrogenous fertilizer market decreased by X% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Nitrogenous Fertilizer Production in Africa

In value terms, nitrogenous fertilizer production stood at $X in 2023 estimated in export price. The total production indicated pronounced growth 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 pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

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Nitrogenous Fertilizer Exports

Exports in Africa

In 2023, shipments abroad of nitrogenous fertilizers (mineral or chemical) increased by X% to X tons, rising for the third year in a row after two years of decline. In general, exports posted a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the near future.

In value terms, nitrogenous fertilizer exports dropped sharply to $X in 2023. Overall, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Egypt (X tons), Algeria (X tons) and Nigeria (X tons) represented roughly X% of total exports in 2023. It was distantly followed by South Africa (X tons), committing a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Nigeria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Algeria ($X) and Nigeria ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Nigeria, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries 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, dropping by X% against the previous year. Overall, the export price, however, continues to indicate a slight increase. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then fell dramatically in the following year.

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

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

Nitrogenous Fertilizer Imports

Imports in Africa

In 2023, overseas purchases of nitrogenous fertilizers (mineral or chemical) increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nitrogenous fertilizer imports contracted to $X in 2023. Total imports indicated a perceptible expansion 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2023, South Africa (X tons), distantly followed by Zambia (X tons), Tanzania (X tons), Morocco (X tons), Ethiopia (X tons), Kenya (X tons), Nigeria (X tons) and Ghana (X tons) were the key importers of nitrogenous fertilizers (mineral or chemical), together mixing up X% of total imports. The following importers - Mozambique (X tons), Sudan (X tons), Djibouti (X tons), Zimbabwe (X tons) and Benin (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to nitrogenous fertilizer imports into South Africa stood at X%. At the same time, Benin (X%), Nigeria (X%), Mozambique (X%), Sudan (X%), Tanzania (X%), Zambia (X%), Kenya (X%), Morocco (X%), Zimbabwe (X%), Ghana (X%) and Ethiopia (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, Djibouti (X%) illustrated a downward trend over the same period. While the share of Zambia (X p.p.), Tanzania (X p.p.), Nigeria (X p.p.), Mozambique (X p.p.), Kenya (X p.p.), Benin (X p.p.), South Africa (X p.p.) and Sudan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Djibouti (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Zambia ($X) and Tanzania ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Morocco, Nigeria, Kenya, Ethiopia, Mozambique, Ghana, Sudan, Zimbabwe, Benin and Djibouti lagged somewhat behind, together accounting for a further X%.

Benin, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then dropped significantly in the following year.

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 Zambia ($X per ton), while South Africa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform