Africa: Phosphatic Fertilizer Market 2024

Phosphatic Fertilizer Market Size in Africa

The African phosphatic fertilizer market stood at $X in 2022, surging by X% against the previous year. Overall, consumption saw a pronounced reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Phosphatic Fertilizer Production in Africa

In value terms, phosphatic fertilizer production dropped to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt setback. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Phosphatic Fertilizer Exports

Exports in Africa

Phosphatic fertilizer exports amounted to X tons in 2022, picking up by X% against the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, phosphatic fertilizer exports soared to $X in 2022. Overall, exports saw resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Morocco was the largest exporting country with an export of about X tons, which recorded X% of total exports. Egypt (X tons) ranks second in terms of the total exports with a X% share, followed by Tunisia (X%) and Tanzania (X%).

From 2012 to 2022, average annual rates of growth with regard to phosphatic fertilizer exports from Morocco stood at X%. At the same time, Tanzania (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) and Tunisia (X%) illustrated a downward trend over the same period. Morocco (X p.p.) and Tanzania (X p.p.) significantly strengthened its position in terms of the total exports, while Egypt and Tunisia saw its share reduced by X% and X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual growth rate of value in Morocco stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (X% per year) and Tunisia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price posted a notable increase. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see steady growth in years to come.

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 ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Phosphatic Fertilizer Imports

Imports in Africa

In 2022, supplies from abroad of phosphatic fertilizers decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a slight decrease. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, phosphatic fertilizer imports surged to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, Burundi (X tons) was the key importer of phosphatic fertilizers, comprising X% of total imports. Ghana (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Africa (X%) and Kenya (X%). Algeria (X tons), Sudan (X tons) and Angola (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Burundi (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Burundi ($X) constitutes the largest market for imported phosphatic fertilizers in Africa, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Burundi amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, growing by X% against the previous year. Import price indicated slight growth 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, phosphatic fertilizer import price increased by X% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform