Kenya: Nitrogen Market 2024

Nitrogen Market Size in Kenya

The Kenyan nitrogen market rose significantly to $X in 2021, picking up by 5.5% against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.8% against 2019 indices. Nitrogen consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Nitrogen Production in Kenya

In value terms, nitrogen production reached $X in 2021 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 101%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Nitrogen Exports

Exports from Kenya

In 2021, overseas shipments of nitrogen decreased by -74.8% to X cubic meters for the first time since 2018, thus ending a two-year rising trend. Overall, exports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 314%. The exports peaked at X cubic meters in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, nitrogen exports declined rapidly to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 316%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Uganda (X cubic meters), Tanzania (X cubic meters) and Rwanda (X cubic meters) were the main destinations of nitrogen exports from Kenya, together accounting for 92% of total exports. These countries were followed by Burundi, which accounted for a further 4.6%.

From 2012 to 2021, the biggest increases were recorded for Burundi (with a CAGR of +37.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nitrogen exported from Kenya were Uganda ($X), Tanzania ($X) and Rwanda ($X), with a combined 85% share of total exports. Burundi lagged somewhat behind, comprising a further 1.1%.

In terms of the main countries of destination, Burundi, with a CAGR of +50.6%, saw 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 nitrogen export price stood at $X per cubic meter in 2021, picking up by 12% against the previous year. Overall, the export price saw a strong expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 175%. As a result, the export price attained the peak level of $X per cubic meter. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per cubic meter), while the average price for exports to Burundi ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Burundi (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrogen Imports

Imports into Kenya

In 2021, the amount of nitrogen imported into Kenya soared to X cubic meters, surging by 129% on the previous year's figure. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 181% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, nitrogen imports skyrocketed to $X in 2021. Overall, imports saw a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by 181% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X cubic meters), Singapore (X cubic meters) and Belgium (X cubic meters) were the main suppliers of nitrogen imports to Kenya, together comprising 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +45.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Singapore ($X) and Belgium ($X) constituted the largest nitrogen suppliers to Kenya, together comprising 97% of total imports.

Belgium, with a CAGR of +43.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nitrogen import price stood at $X per cubic meter in 2021, which is down by -38.4% against the previous year. In general, the import price faced a abrupt downturn. The growth pace was the most rapid in 2016 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the peak figure at $X per cubic meter in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United Arab Emirates ($X per cubic meter) and Belgium ($X per cubic meter), while the price for Singapore ($X per cubic meter) and Turkey ($X per cubic meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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