Africa: Fertilizer Market 2024

Fertilizer Market Size in Africa

The African fertilizer market expanded remarkably to $X in 2023, rising by X% against the previous year. The total consumption indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Fertilizer Production in Africa

In value terms, fertilizer production amounted to $X in 2023 estimated in export price. The total production indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Fertilizer Exports

Exports in Africa

In 2023, shipments abroad of fertilizers decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The volume of export peaked at X tons in 2022, and then fell in the following year.

In value terms, fertilizer exports shrank notably to $X in 2023. In general, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2022, and then fell remarkably in the following year.

Exports by Country

In 2023, Morocco (X tons) represented the largest exporter of fertilizers, committing X% of total exports. Egypt (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Algeria (X%) and Nigeria (X%). The following exporters - South Africa (X tons) and Tunisia (X tons) - each recorded a X% share of total exports.

Exports from Morocco increased at an average annual rate of X% from 2012 to 2023. At the same time, Nigeria (X%), Algeria (X%), Egypt (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. By contrast, Tunisia (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) and Algeria (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa, Tunisia and Egypt saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fertilizer supplying countries in Africa were Morocco ($X), Egypt ($X) and Algeria ($X), with a combined X% share of total exports. Nigeria, Tunisia and South Africa lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Nigeria, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2023, the export price in Africa amounted to $X per ton, dropping by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2022, and then fell remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced more modest paces of growth.

Fertilizer Imports

Imports in Africa

In 2023, purchases abroad of fertilizers decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Total imports indicated pronounced growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then declined modestly in the following year.

In value terms, fertilizer imports reduced to $X in 2023. In general, imports, however, saw tangible growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2023, South Africa (X tons), distantly followed by Ethiopia (X tons), Djibouti (X tons), Zambia (X tons), Tanzania (X tons), Nigeria (X tons), Morocco (X tons) and Kenya (X tons) were the major importers of fertilizers, together making up X% of total imports. Benin (X tons), Zimbabwe (X tons), Ghana (X tons), Togo (X tons) and Cote d'Ivoire (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Benin (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fertilizer importing markets in Africa were South Africa ($X), Zambia ($X) and Djibouti ($X), with a combined X% share of total imports. Tanzania, Ethiopia, Zimbabwe, Kenya, Morocco, Nigeria, Ghana, Benin, Cote d'Ivoire and Togo lagged somewhat behind, together accounting for a further X%.

Benin, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Zimbabwe ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Djibouti (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform