Africa: Nitrogen Market 2024

Nitrogen Market Size in Africa

The African nitrogen market was estimated at $X in 2023, stabilizing at the previous year. The total consumption indicated a notable 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 increased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Nitrogen Production in Africa

In value terms, nitrogen production rose to $X in 2023 estimated in export price. The total production indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Nitrogen Exports

Exports in Africa

In 2023, shipments abroad of nitrogen increased by X% to X cubic meters, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of X cubic meters. From 2015 to 2023, the growth of the exports failed to regain momentum.

In value terms, nitrogen exports soared to $X in 2023. Overall, exports, however, recorded a perceptible curtailment. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, South Africa (X cubic meters) was the major exporter of nitrogen, committing X% of total exports. It was distantly followed by Egypt (X cubic meters), making up a X% share of total exports. Zimbabwe (X cubic meters) and Cote d'Ivoire (X cubic meters) took a relatively small share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Zimbabwe (X%), Cote d'Ivoire (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Egypt, Zimbabwe and Cote d'Ivoire increased by X, X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest nitrogen supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

In South Africa, nitrogen exports decreased by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per cubic meter, surging by X% against the previous year. Export price indicated a perceptible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, nitrogen export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per cubic meter in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per cubic meter), while Egypt ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Nitrogen Imports

Imports in Africa

Nitrogen imports declined notably to X cubic meters in 2023, which is down by X% on the year before. In general, imports recorded a mild curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of X cubic meters. From 2019 to 2023, the growth of imports failed to regain momentum.

In value terms, nitrogen imports stood at $X in 2023. Over the period under review, imports showed a pronounced reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports failed to regain momentum.

Imports by Country

South Africa was the major importing country with an import of around X cubic meters, which recorded X% of total imports. Mozambique (X cubic meters) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Egypt (X%), Kenya (X%), Ghana (X%) and Zambia (X%). The following importers - Senegal (X cubic meters), Mali (X cubic meters), Guinea (X cubic meters), Angola (X cubic meters) and Algeria (X cubic meters) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to nitrogen imports into South Africa stood at X%. At the same time, Senegal (X%), Guinea (X%), Mali (X%), Zambia (X%), Mozambique (X%), Kenya (X%), Ghana (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. Angola experienced a relatively flat trend pattern. By contrast, Algeria (X%) illustrated a downward trend over the same period. While the share of Mozambique (X p.p.), Kenya (X p.p.), Egypt (X p.p.), Zambia (X p.p.), Ghana (X p.p.), Senegal (X p.p.), Mali (X p.p.) and Guinea (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Algeria (X p.p.) and South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Ghana ($X) and Kenya ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Zambia, Mozambique, Angola, Senegal, Algeria, Egypt, Mali and Guinea lagged somewhat behind, together comprising a further X%.

Senegal, 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

In 2023, the import price in Africa amounted to $X per cubic meter, growing by X% against the previous year. Overall, the import price, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per cubic meter in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Angola ($X per cubic meter), while Egypt ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform