Kenya: Fertilizer Market 2024

Fertilizer Market Size in Kenya

The Kenyan fertilizer market shrank to $X in 2023, with a decrease of X% against the previous year. The market value 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, consumption attained the peak level of $X. From 2020 to 2023, the growth of the market remained at a lower figure.

Fertilizer Production in Kenya

In value terms, fertilizer production rose slightly to $X in 2023 estimated in export price. In general, production saw a pronounced setback. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

Fertilizer Exports

Exports from Kenya

In 2023, the amount of fertilizers exported from Kenya rose remarkably to X tons, increasing by X% on the previous year. Overall, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of 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, fertilizer exports stood at $X in 2023. Over the period under review, exports recorded a buoyant expansion. The pace of growth was the most pronounced 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 somewhat lower figure.

Exports by Country

Uganda (X tons) was the main destination for fertilizer exports from Kenya, with a X% share of total exports. Moreover, fertilizer exports to Uganda exceeded the volume sent to the second major destination, Rwanda (X tons), twofold. Burundi (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Uganda ($X), Rwanda ($X) and Burundi ($X) appeared to be the largest markets for fertilizer exported from Kenya worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Burundi, 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 fertilizer export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2022, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Uganda ($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 Tanzania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into Kenya

Fertilizer imports into Kenya declined markedly to X tons in 2023, which is down by X% against the previous year's figure. Overall, imports, however, enjoyed a pronounced increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked at X tons in 2022, and then contracted dramatically in the following year.

In value terms, fertilizer imports contracted dramatically to $X in 2023. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked at $X in 2022, and then contracted significantly in the following year.

Imports by Country

Italy (X tons), Saudi Arabia (X tons) and Russia (X tons) were the main suppliers of fertilizer imports to Kenya, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fertilizer suppliers to Kenya were the United States ($X), Italy ($X) and Russia ($X), together accounting for X% of total imports.

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

Import Prices by Country

The average fertilizer import price stood at $X per ton in 2023, rising by X% against the previous year. In general, import price indicated a measured expansion from 2012 to 2023: its price 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, fertilizer import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform