Uganda: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in Uganda

The Ugandan NPK fertilizer market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption saw a resilient expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Npk Fertilizer Exports

Exports from Uganda

In 2022, shipments abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 244% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, NPK fertilizer exports rose remarkably to $X in 2022. Over the period under review, exports, however, showed a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 341% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Burundi (X tons) was the main destination for NPK fertilizer exports from Uganda, accounting for a 98% share of total exports. It was followed by Democratic Republic of the Congo (X kg), with a 1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burundi amounted to -6.8%.

In value terms, Burundi ($X) emerged as the key foreign market for mixed nitrogen, phosphorus and potassium (NPK) fertilizers exports from Uganda, comprising 84% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a 0.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Burundi was relatively modest.

Export Prices by Country

The average NPK fertilizer export price stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, NPK fertilizer export price increased by +77.1% against 2016 indices. The pace of growth was the most pronounced in 2020 an increase of 29% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Burundi ($X per ton), while the average price for exports to Democratic Republic of the Congo totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burundi (+8.3%).

Npk Fertilizer Imports

Imports into Uganda

In 2022, overseas purchases of mixed nitrogen, phosphorus and potassium (NPK) fertilizers were finally on the rise to reach X tons after two years of decline. Overall, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of 204% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, NPK fertilizer imports surged to $X in 2022. Over the period under review, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 161% against the previous year. 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

Malaysia (X tons), Indonesia (X tons) and Russia (X tons) were the main suppliers of NPK fertilizer imports to Uganda, together accounting for 63% of total imports. Vietnam, Saudi Arabia, Greece, Belgium, India, Kenya, Italy and France lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +119.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest NPK fertilizer suppliers to Uganda were Malaysia ($X), Vietnam ($X) and Indonesia ($X), with a combined 51% share of total imports. Russia, Greece, Saudi Arabia, Belgium, Italy, Kenya, India and France lagged somewhat behind, together accounting for a further 40%.

Among the main suppliers, Greece, with a CAGR of +98.1%, recorded the highest growth rate of 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

The average NPK fertilizer import price stood at $X per ton in 2022, with a decrease of -6.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 21% against the previous year. The import price peaked at $X per ton in 2021, and then contracted 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 Greece ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform