Africa: Ureines Market 2024

Ureines Market Size in Africa

After two years of decline, the African ureines market increased by X% to $X in 2022. Overall, consumption, however, recorded a tangible increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Ureines Production in Africa

In value terms, ureines production declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a prominent increase. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Ureines Exports

Exports in Africa

In 2022, shipments abroad of ureines and their derivatives and salts thereof decreased by X% to X kg for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, ureines exports declined sharply to $X in 2022. Over the period under review, exports faced a sharp shrinkage. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa was the main exporter of ureines and their derivatives and salts thereof in Africa, with the volume of exports resulting at X kg, which was near X% of total exports in 2022. It was distantly followed by Cote d'Ivoire (X kg), creating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to ureines exports from South Africa stood at X%. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. While the share of Cote d'Ivoire (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest ureines supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price saw a measured expansion. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, 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 Cote d'Ivoire totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Ureines Imports

Imports in Africa

In 2022, approx. X tons of ureines and their derivatives and salts thereof were imported in Africa; waning by X% compared with the previous year's figure. Overall, imports showed a noticeable decline. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ureines imports fell notably to $X in 2022. Over the period under review, imports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

South Africa prevails in imports structure, recording X tons, which was near X% of total imports in 2022. It was distantly followed by Democratic Republic of the Congo (X tons), comprising a X% share of total imports. Nigeria (X tons), Mozambique (X tons), Morocco (X tons) and Ghana (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to ureines imports into South Africa stood at X%. At the same time, Democratic Republic of the Congo (X%), Morocco (X%) and Mozambique (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) and Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Democratic Republic of the Congo increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported ureines and their derivatives and salts thereof in Africa, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

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

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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