Kenya: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Kenya

The Kenyan mixed fertilizer market reduced to $X in 2022, shrinking by -6.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a temperate 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 decreased by -7.7% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Mixed Fertilizer Exports

Exports from Kenya

In 2022, shipments abroad of mixed fertilizers decreased by -15.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 110%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank dramatically in the following year.

In value terms, mixed fertilizer exports contracted dramatically to $X in 2022. Over the period under review, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2018 when exports increased by 149%. The exports peaked at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

Rwanda (X tons), Uganda (X tons) and Burundi (X tons) were the main destinations of mixed fertilizer exports from Kenya, together comprising 97% 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 Rwanda (with a CAGR of +24.2%), while the other leaders experienced more modest paces of growth.

In value terms, Rwanda ($X), Uganda ($X) and Burundi ($X) were the largest markets for mixed fertilizer exported from Kenya worldwide, with a combined 93% share of total exports.

In terms of the main countries of destination, Rwanda, with a CAGR of +20.6%, recorded 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 mixed fertilizer export price stood at $X per ton in 2022, waning by -6.5% against the previous year. Over the period under review, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in 2021 an increase of 20%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Uganda ($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 Burundi (-2.1%), while the prices for the other major destinations experienced a decline.

Mixed Fertilizer Imports

Imports into Kenya

In 2022, the amount of mixed fertilizers imported into Kenya expanded notably to X tons, growing by 8% on the previous year's figure. Over the period under review, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +13.6% against 2020 indices. The growth pace was the most rapid in 2015 when imports increased by 43% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, mixed fertilizer imports dropped to $X in 2022. Overall, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.0% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 40%. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

Saudi Arabia (X tons), Russia (X tons) and the United States (X tons) were the main suppliers of mixed fertilizer imports to Kenya, with a combined 70% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +13.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of mixed fertilizers to Kenya, comprising 46% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 19% share of total imports. It was followed by Russia, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+4.1% per year) and Russia (-1.2% per year).

Import Prices by Country

In 2022, the average mixed fertilizer import price amounted to $X per ton, shrinking by -16.4% against the previous year. In general, the import price saw a mild decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 18% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined remarkably in the following year.

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 the United States ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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