Libya: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Libya

The Libyan nitrogenous fertilizer market amounted to $X in 2022, flattening at the previous year. Overall, consumption, however, continues to indicate a slight reduction. Nitrogenous fertilizer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Nitrogenous Fertilizer Production in Libya

In value terms, nitrogenous fertilizer production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced decline. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Nitrogenous fertilizer production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Nitrogenous Fertilizer Exports

Exports from Libya

Nitrogenous fertilizer exports from Libya dropped to X tons in 2022, with a decrease of X% against 2021 figures. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, nitrogenous fertilizer exports declined modestly to $X in 2022. Over the period under review, exports saw a deep slump. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ethiopia (X tons), Italy (X tons) and India (X tons) were the main destinations of nitrogenous fertilizer exports from Libya, with a combined X% share of total exports. Turkey, Canada, the United States, Burkina Faso, Brazil, Ghana, Bulgaria, Morocco, Togo and Cameroon lagged somewhat behind, together comprising a further X%.

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

In value terms, Ethiopia ($X), Italy ($X) and India ($X) appeared to be the largest markets for nitrogenous fertilizer exported from Libya worldwide, with a combined X% share of total exports. Turkey, Bulgaria, Togo, Canada, Brazil, the United States, Burkina Faso, Ghana, Morocco and Cameroon lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Canada, with a CAGR of X%, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average nitrogenous fertilizer export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Togo ($X per ton), while the average price for exports to the United States ($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 India (X%), while the prices for the other major destinations experienced a decline.

Nitrogenous Fertilizer Imports

Imports into Libya

In 2022, after two years of decline, there was significant growth in supplies from abroad of nitrogenous fertilizers (mineral or chemical), when their volume increased by X% to X tons. Over the period under review, imports recorded a modest expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, nitrogenous fertilizer imports surged to $X in 2022. In general, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X tons), Morocco (X tons) and Jordan (X tons) were the main suppliers of nitrogenous fertilizer imports to Libya, with a combined X% share of total imports. Lithuania, Tunisia, the Netherlands, Egypt, Russia and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Turkey ($X) and Jordan ($X) were the largest nitrogenous fertilizer suppliers to Libya, with a combined X% share of total imports. Tunisia, Lithuania, Italy, the Netherlands, Egypt and Russia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Lithuania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average nitrogenous fertilizer import price amounted to $X per ton, with an increase of X% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nitrogenous fertilizer import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Morocco ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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