Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Kenya - 2022
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Kenya (CIF) - 2022
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Kenya (FOB) - 2022
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Kenya
- Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Kenya
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Kenya (CIF) - 2022
The average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses stood at $652 per ton in 2022, surging by 33% against the previous year. Overall, the import price showed a resilient expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 81%. The import price peaked in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Tanzania.
From 2012 to 2022, the rate of growth in terms of prices for Tanzania amounted to +24.6% per year.
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Kenya (FOB) - 2022
In 2022, the average export price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $720 per ton, standing approx. at the previous year. Overall, the export price showed a measured increase. The pace of growth appeared the most rapid in 2020 an increase of 27% 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 the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($1,653 per ton), while the average price for exports to Uganda ($236 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burundi (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Kenya
In 2022, overseas purchases of fertilizers, mineral or chemical; containing nitrates and phosphateses were finally on the rise to reach 4.8K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a dramatic downturn.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses soared to $3.1M in 2022. Overall, imports, however, faced a deep slump.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 1.5 | 1.0 | 0.1 | 3.0 | 26.0% |
| Russia | 4.3 | 2.3 | 0.5 | N/A | -65.9% |
| Turkey | N/A | 0.2 | N/A | N/A | 0% |
| Others | 0.2 | 0.1 | N/A | 0.2 | 0.0% |
| Total | 6.0 | 3.6 | 0.6 | 3.1 | -19.8% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Kenya in 2022:
- Tanzania (4.8K tons)
Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Kenya
In 2022, shipments abroad of fertilizers, mineral or chemical; containing nitrates and phosphateses decreased by 0% to 13 tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 28,401%. As a result, the exports reached the peak of 28 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $9K in 2022. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 36,020% against the previous year. As a result, the exports attained the peak of $18K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burundi | N/A | 9.8 | N/A | 5.4 | -25.8% |
| Tanzania | N/A | 6.4 | N/A | 3.0 | -31.5% |
| Uganda | N/A | 1.0 | N/A | 0.4 | -36.8% |
| Somalia | N/A | 0.5 | N/A | 0.2 | -36.8% |
| Others | N/A | 0.3 | N/A | 0.1 | -42.3% |
| Total | 0.1 | 18.1 | N/A | 9.0 | 348.1% |
Top Export Markets for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates from Kenya in 2022:
- Burundi (5.1 tons)
- Tanzania (4.9 tons)
- Uganda (1.6 tons)
- Somalia (0.8 tons)
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