Egypt: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in Egypt

For the third consecutive year, the Egyptian NPK fertilizer market recorded growth in sales value, which increased by 13% to $X in 2022. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.4% against 2018 indices. Consumption peaked in 2022 and is likely to see gradual growth in years to come.

Npk Fertilizer Production in Egypt

In value terms, NPK fertilizer production surged to $X in 2022 estimated in export price. In general, production posted a resilient increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 360%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Npk Fertilizer Exports

Exports from Egypt

In 2022, npk fertilizer exports from Egypt reduced markedly to X tons, with a decrease of -40.9% compared with the previous year's figure. Overall, exports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2017 with an increase of 1,548% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, NPK fertilizer exports declined notably to $X in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 831%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sudan (X tons), Kenya (X tons) and Lebanon (X tons) were the main destinations of NPK fertilizer exports from Egypt, together comprising 49% of total exports. Tanzania, Turkey, Oman, Yemen, Syrian Arab Republic, Jordan and Pakistan lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of +1,156.3%), while the other leaders experienced more modest paces of growth.

In value terms, Sudan ($X), Kenya ($X) and Lebanon ($X) were the largest markets for NPK fertilizer exported from Egypt worldwide, together comprising 49% of total exports. Tanzania, Turkey, Oman, Yemen, Syrian Arab Republic, Jordan and Pakistan lagged somewhat behind, together accounting for a further 35%.

Among the main countries of destination, Tanzania, with a CAGR of +3,075.3%, saw the highest rates of growth with regard to 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 NPK fertilizer export price stood at $X per ton in 2022, picking up by 22% against the previous year. Overall, the export price continues to indicate strong growth. The pace of growth was the most pronounced in 2018 an increase of 326% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Oman ($X per ton) and Tanzania ($X per ton), while the average price for exports to Sudan ($X per ton) and Syrian Arab Republic ($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 Tanzania (+153.1%), while the prices for the other major destinations experienced more modest paces of growth.

Npk Fertilizer Imports

Imports into Egypt

In 2022, the amount of mixed nitrogen, phosphorus and potassium (NPK) fertilizers imported into Egypt soared to X tons, with an increase of 40% on 2021 figures. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 126%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, NPK fertilizer imports surged to $X in 2022. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 170%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Jordan (X tons) constituted the largest supplier of NPK fertilizer to Egypt, accounting for a 88% share of total imports. Moreover, NPK fertilizer imports from Jordan exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Chile (X tons) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Jordan amounted to +44.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+60.2% per year) and Chile (+60.8% per year).

In value terms, Jordan ($X) constituted the largest supplier of mixed nitrogen, phosphorus and potassium (NPK) fertilizers to Egypt, comprising 88% of total imports. The second position in the ranking was held by China ($X), with a 4.6% share of total imports. It was followed by Chile, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Jordan amounted to +49.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+66.6% per year) and Chile (+78.6% per year).

Import Prices by Country

The average NPK fertilizer import price stood at $X per ton in 2022, rising by 72% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, NPK fertilizer import price increased by +106.3% against 2020 indices. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Jordan ($X per ton) and Spain ($X per ton), while the price for China ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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