Egypt has risen to the forefront of Europe’s fertilizer provide chain. This July, the nation’s exports reached EUR 85 million (EGP 4.5 billion), surging 1.4 instances larger than earlier figures, securing Egypt’s spot as Europe’s third-largest fertilizer provider.
Coming in first place was Russia with exports totaling EUR 199 million (EGP 10.7 billion). In second place was Morocco with a EUR 111 million (EGP 5.9 billion) contribution.
As a key participant within the international fertilizer market, rising from its former standing as a fertilizer importer to fulfill home demand, as we speak Egypt ranks fifth on this planet for fertilizer manufacturing and sixth in exports.
In 2022, Egypt’s fertilizer exports grew to USD 3.4 billion (EGP 164 billion), a rise from USD 2.3 billion (EGP 111.2 billion) in 2021, in accordance to the previous Minister of Public Enterprises, Mahmoud Esmat.
In 2023, Egypt’s fertilizer exports reached USD 2.6 billion (EGP 125.7 billion), accounting for 33 % of the sector’s whole exports, the Government Director of the Chemical compounds and Fertilizers Export Council, Mohamed Maged, introduced. In the identical yr, the nation exported to 125 nations, contributing to the business’s general exports of USD 8 billion (EGP 387 billion) for the yr.
Maged additional famous that fertilizer exports within the first half of 2024 totaled roughly USD 1.5 billion (EGP 72.5 billion), and are anticipated to succeed in between USD 2.5 billion (EGP 120.9 billion) and USD 3 billion (EGP 145 billion) by the tip of the yr.
Beneath the auspice of Egyptian President, Abdel Fattah El-Sisi, the localization and growth of Egypt’s fertilizer business turned a nationwide precedence.
Egypt has reached self-sufficiency in a number of kinds of fertilizers, with almost half of its manufacturing being exported. Public firms and state-owned enterprises have fueled this development by opening new factories in strategic places equivalent to Damietta, Ain Sokhna, and Aswan. These efforts contributed to exports reaching USD 3.4 billion (EGP 164.5 billion) in 2023.
At the moment, Egypt produces round 19 million tons of various fertilizers, with a portion directed to home markets according to the growth of agricultural land in areas just like the New Delta, Sinai, and different areas focused for cultivation.
The nation goals to succeed in USD 10 billion (EGP 483.8 billion) yearly inside two years. By increasing and modernizing manufacturing services and diversifying its product vary, the nation hopes to draw new clients and prolong its international attain.
This initiative is a part of a broader technique to increase whole exports to USD 100 billion (EGP 4.8 trillion) yearly, positioning Egypt as a key participant in worldwide markets.
Moreover, the nation plans to reclaim round 3.5 million acres of land, bringing Egypt’s whole agricultural land to 12.5 million acres, a 30 % improve from the present space. This growth is anticipated to considerably increase self-sufficiency in agricultural merchandise and create a bigger surplus for export.
With ongoing funding in infrastructure and agriculture, Egypt is well-positioned to attain its bold objectives of increasing each manufacturing and exports, solidifying its place as a regional chief.
