Algeria: Ammonia Market 2024

Ammonia Market Size in Algeria

The Algerian ammonia market soared to $X in 2022, rising by 329% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Ammonia consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Ammonia Production in Algeria

In value terms, ammonia production contracted to $X in 2022 estimated in export price. Overall, production showed a measured increase. The growth pace was the most rapid in 2018 when the production volume increased by 172% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Ammonia Exports

Exports from Algeria

In 2022, the amount of anhydrous ammonia exported from Algeria shrank markedly to X tons, falling by -31.1% compared with 2021. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 165% against the previous year. As a result, the exports attained the peak of X tons, and then reduced notably in the following year.

In value terms, ammonia exports declined markedly to $X in 2022. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 498%. As a result, the exports attained the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Belgium (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of ammonia exports from Algeria, with a combined 26% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +43.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ammonia exported from Algeria were the Netherlands ($X), France ($X) and Spain ($X), together comprising 24% of total exports. These countries were followed by Portugal, Belgium, Turkey, Poland, Morocco, Norway, Bulgaria, the United States and South Korea, which together accounted for a further 23%.

In terms of the main countries of destination, Bulgaria, with a CAGR of +38.3%, 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

The average ammonia export price stood at $X per ton in 2022, dropping by -15.3% against the previous year. Over the period under review, the export price showed a slight curtailment. The pace of growth was the most pronounced in 2021 an increase of 126% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ammonia Imports

Imports into Algeria

In 2022, after three years of decline, there was growth in purchases abroad of anhydrous ammonia, when their volume increased by 1.7% to X tons. Overall, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 3,615% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ammonia imports dropped to $X in 2022. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 4,083%. Over the period under review, imports reached the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of ammonia to Algeria, accounting for a 46% share of total imports. Moreover, ammonia imports from France exceeded the figures recorded by the second-largest supplier, Germany (X kg), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from France totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+42.7% per year) and Belgium (-22.1% per year).

In value terms, France ($X) constituted the largest supplier of anhydrous ammonia to Algeria, comprising 36% of total imports. The second position in the ranking was taken by Belgium ($X), with a 2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-13.6% per year) and Germany (-13.8% per year).

Import Prices by Country

The average ammonia import price stood at $X per ton in 2022, waning by -13% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 47%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+10.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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