Algeria: Urea Market 2024

Urea Market Size in Algeria

The Algerian urea market dropped rapidly to $X in 2022, declining by -40.2% against the previous year. In general, consumption saw a deep downturn. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Urea Production in Algeria

In value terms, urea production dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +18.4% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by 46%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Urea Exports

Exports from Algeria

Urea exports from Algeria rose remarkably to X tons in 2022, with an increase of 5.8% against 2021 figures. Over the period under review, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 127% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, urea exports shrank significantly to $X in 2022. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 185% against the previous year. The exports peaked at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Brazil (X tons), France (X tons) and India (X tons) were the main destinations of urea exports from Algeria, together comprising 34% of total exports. The United States, Italy, Poland, Spain, Belgium, Ireland, Argentina and Mexico lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +49.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for urea exported from Algeria were Brazil ($X), France ($X) and India ($X), together comprising 32% of total exports. The United States, Italy, Spain, Ireland, Poland, Belgium, Argentina and Mexico lagged somewhat behind, together accounting for a further 29%.

Poland, with a CAGR of +33.9%, recorded the highest rates of growth with regard to the value of exports, among 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

The average urea export price stood at $X per ton in 2022, reducing by -19.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 58% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined significantly in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Argentina ($X per ton) and Ireland ($X per ton), while the average price for exports to the United States ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.

Urea Imports

Imports into Algeria

In 2022, overseas purchases of urea were finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 141%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, urea imports expanded slightly to $X in 2022. Overall, imports, however, faced a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 111% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Egypt (X tons), Russia (X tons) and Ukraine (X tons) were the main suppliers of urea imports to Algeria, with a combined 73% share of total imports. Romania, Spain, China and Libya lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +70.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constituted the largest supplier of urea to Algeria, comprising 36% of total imports. The second position in the ranking was taken by Russia ($X), with a 17% share of total imports. It was followed by Romania, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Egypt was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+17.9% per year) and Romania (-23.0% per year).

Import Prices by Country

The average urea import price stood at $X per ton in 2022, shrinking by -1.5% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2017 when the average import price increased by 8.3%. Over the period under review, average import prices attained the maximum 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 Libya ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Libya (-2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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