Africa: Fertilizer Market 2024

Fertilizer Market Size in Africa

For the third year in a row, the African fertilizer market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Fertilizer Production in Africa

In value terms, fertilizer production totaled $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Fertilizer Exports

Exports in Africa

In 2022, approx. X tons of fertilizers were exported in Africa; surging by X% against the year before. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, fertilizer exports skyrocketed to $X in 2022. In general, exports recorded a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

In 2022, Morocco (X tons) represented the main exporter of fertilizers, making up X% of total exports. It was distantly followed by Egypt (X tons), Algeria (X tons) and Nigeria (X tons), together constituting a X% share of total exports. The following exporters - South Africa (X tons) and Tunisia (X tons) - each finished at a X% share of total exports.

Exports from Morocco increased at an average annual rate of X% from 2012 to 2022. At the same time, Algeria (X%), Nigeria (X%), Egypt (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Tunisia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Algeria and Nigeria increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) remains the largest fertilizer supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

In Morocco, fertilizer exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, jumping by X% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizer export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced more modest paces of growth.

Fertilizer Imports

Imports in Africa

Fertilizer imports surged to X tons in 2022, jumping by X% on 2021. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fertilizer imports skyrocketed to $X in 2022. In general, imports showed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Ethiopia (X tons) and South Africa (X tons) represented the key importers of fertilizers in Africa, together amounting to approx. X% of total imports. Tanzania (X tons) held the next position in the ranking, followed by Kenya (X tons), Djibouti (X tons) and Morocco (X tons). All these countries together took approx. X% share of total imports. Zambia (X tons), Zimbabwe (X tons), Ghana (X tons), Cote d'Ivoire (X tons), Nigeria (X tons), Mozambique (X tons) and Malawi (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Ethiopia ($X) and Zambia ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Tanzania, Morocco, Kenya, Zimbabwe, Djibouti, Nigeria, Cote d'Ivoire, Malawi, Mozambique and Ghana lagged somewhat behind, together accounting for a further X%.

Tanzania, with a CAGR of X%, saw 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 2022, growing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Zambia ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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