Algeria: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Algeria

In 2022, the Algerian nitrogenous fertilizer market increased by X% to $X for the first time since 2014, thus ending a seven-year declining trend. Overall, consumption, however, showed a abrupt setback. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Nitrogenous Fertilizer Production in Algeria

In value terms, nitrogenous fertilizer production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate mild growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Nitrogenous Fertilizer Exports

Exports from Algeria

In 2022, approx. X tons of nitrogenous fertilizers (mineral or chemical) were exported from Algeria; remaining constant against 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, nitrogenous fertilizer exports fell rapidly to $X in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped notably in the following year.

Exports by Country

Brazil (X tons), France (X tons) and India (X tons) were the main destinations of nitrogenous fertilizer exports from Algeria, with a combined X% share of total exports. The United States, Italy, Poland, Spain, Ireland, Belgium, Argentina and Turkey lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for nitrogenous fertilizer exported from Algeria were Brazil ($X), France ($X) and India ($X), together accounting for X% of total exports. The United States, Italy, Spain, Ireland, Poland, Belgium, Argentina and Turkey lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average nitrogenous fertilizer export price amounted to $X per ton, shrinking by X% against the previous year. Overall, export price indicated mild 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, nitrogenous fertilizer export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Turkey ($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 Argentina (X%), while the prices for the other major destinations experienced mixed trend patterns.

Nitrogenous Fertilizer Imports

Imports into Algeria

In 2022, approx. X tons of nitrogenous fertilizers (mineral or chemical) were imported into Algeria; jumping by X% compared with the previous year. In general, imports, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by X% 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, nitrogenous fertilizer imports soared to $X in 2022. Overall, imports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest nitrogenous fertilizer supplier to Algeria, with a X% share of total imports. Moreover, nitrogenous fertilizer imports from Spain exceeded the figures recorded by the second-largest supplier, Egypt (X tons), threefold. Sweden (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Sweden (X% per year).

In value terms, Spain ($X), Egypt ($X) and Sweden ($X) appeared to be the largest nitrogenous fertilizer suppliers to Algeria, together accounting for X% of total imports. Russia, Romania, Ukraine, France and Belgium lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average nitrogenous fertilizer import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Belgium ($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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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