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Egypt Strengthens Global Fertilizer Market Position with Export Growth

September 26, 2024
mm

By Nadine Tag

Journalist

mm

By Nadine Tag

Journalist

Egypt has risen to the forefront of Europe’s fertilizer supply chain. This July, the nation’s exports reached EUR 85 million (EGP 4.5 billion), surging 1.4 times higher than previous figures, securing Egypt’s spot as Europe’s third-largest fertilizer supplier. 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 player in the global fertilizer market, rising from its former status as a fertilizer importer to meet domestic demand, today Egypt ranks fifth in the world for fertilizer production and sixth in exports. In 2022, Egypt’s fertilizer exports grew to USD 3.4 billion (EGP 164 billion), an increase from USD 2.3 billion (EGP 111.2 billion) in 2021, according to the former Minister of Public Enterprises, Mahmoud Esmat. In 2023, Egypt’s fertilizer exports reached USD 2.6 billion (EGP 125.7 billion), accounting for 33 percent of the sector’s total exports, the Executive Director of the Chemicals and Fertilizers Export Council, Mohamed Maged, announced. In the same year, the country exported to 125 nations, contributing to the industry’s overall exports of USD 8…


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