Kenya: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in Kenya

The Kenyan monoammonium phosphate market declined to $X in 2022, with a decrease of -11.7% against the previous year. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +15.3% against 2020 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Monoammonium Phosphate Production in Kenya

In value terms, monoammonium phosphate production fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +19.5% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 52% 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.

Monoammonium Phosphate Exports

Exports from Kenya

In 2022, shipments abroad of monoammonium phosphate (MAP) decreased by -43.2% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 3,000% against the previous year. As a result, the exports reached the peak of X tons, and then declined sharply in the following year.

In value terms, monoammonium phosphate exports fell significantly to $X in 2022. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 4,674% against the previous year. As a result, the exports attained the peak of $X, and then contracted notably in the following year.

Exports by Country

Uganda (X tons) was the main destination for monoammonium phosphate exports from Kenya, accounting for a 86% share of total exports. Moreover, monoammonium phosphate exports to Uganda exceeded the volume sent to the second major destination, Tanzania (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Uganda amounted to +33.3%.

In value terms, Uganda ($X) emerged as the key foreign market for monoammonium phosphate (MAP) exports from Kenya, comprising 72% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Uganda amounted to +34.0%.

Export Prices by Country

In 2022, the average monoammonium phosphate export price amounted to $X per ton, shrinking by -10.1% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monoammonium phosphate export price increased by +38.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Uganda totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+3.9%).

Monoammonium Phosphate Imports

Imports into Kenya

In 2022, overseas purchases of monoammonium phosphate (MAP) were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 230% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, monoammonium phosphate imports contracted to $X in 2022. Over the period under review, imports showed a prominent increase. The growth pace was the most rapid in 2018 when imports increased by 233%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest monoammonium phosphate supplier to Kenya, with a 89% share of total imports. Moreover, monoammonium phosphate imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold. Russia (X tons) ranked third in terms of total imports with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia totaled +48.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.9% per year) and Russia (-31.8% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of monoammonium phosphate (MAP) to Kenya, comprising 79% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by Israel, with a 0.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia totaled +37.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.5% per year) and Israel (-28.7% per year).

Import Prices by Country

In 2022, the average monoammonium phosphate import price amounted to $X per ton, waning by -16.6% against the previous year. In general, the import price saw a deep setback. The pace of growth was the most pronounced in 2021 an increase of 46% against the previous year. The import price peaked 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 Israel ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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