{"id":209445,"date":"2021-09-25T10:09:19","date_gmt":"2021-09-25T10:09:19","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=209445"},"modified":"2021-09-25T10:09:19","modified_gmt":"2021-09-25T10:09:19","slug":"egypts-fertilizer-sector","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/egypts-fertilizer-sector\/","title":{"rendered":"Egypt\u2019s fertilizer sector sees growth in production, exports: Fitch"},"content":{"rendered":"

The exports of Egypt\u2019s fertilizer and production sector will continue to increase between now and 2025, despite recent hikes on export fees, Fitch<\/a> said in a recent report.<\/p>\n

\n

Fitch said Egypt is already a major player in the global fertilizer market, and will likely reinforce its position over the coming three years.<\/p>\n

Plateauing domestic consumption and increased production allows companies to increase exports, particularly to the sub-Saharan Africa and MENA regions, Fitch said.<\/p>\n<\/div>\n

\u201cWe hold an upbeat outlook for Egypt’s fertilizer sector, with a number of ongoing and planned projects expected to increase production capacity, especially for nitrogen fertilizer,\u201d the report highlighted.<\/div>\n
<\/div>\n
\n

Egypt\u2019s fertilizer sector<\/h2>\n<\/div>\n
Additionally, key investments include the new fertilizer complex being built by Thyssenkrupp for El Nasr Company for Intermediate Chemicals (NCIC), under a contract in the \u201cmid-three-digit million EUR range\u201d, expected to be operational by 2022.<\/div>\n
\n

Dutch fertilizer plant developer, Stamicarbon, signed a contract with Abu Qir Fertilizers in April to revamp one of their urea melt plants, expected to be operational in 2025.<\/p>\n

The report said that nitrogen fertilizer is more widely produced than phosphate and potash, but phosphate production also seems to be growing.<\/p>\n

\u201cWe expect the government\u2019s focus to be on the domestic production and demand for fertilizers, rather than promoting exports for the time being,\u201d the report added.<\/p>\n

Nitrogen export<\/h2>\n

Nitrogen export fees have almost quintupled in 2021.<\/p>\n

Companies now have to pay EGP 2,500 to export a ton of nitrogen fertilizer until mid-2022, up from EGP 550 at the beginning of the year.<\/p>\n

\u201cOver the long term, we do not expect protectionist policies by the government to significantly restrict fertilizer export abilities, although a continued increase in export fees could hinder investment in the sector,\u201d Fitch said.<\/p>\n

Demand from our key nitrogen fertilizer export destinations is forecast to remain flat.<\/p>\n

Demand in Egypt\u2019s top European export destinations, including France, Spain and Greece, are not likely to increase in the coming years, with the EU pushing for reductions in fertilizer use.<\/p>\n

As regards phosphate fertilizer exports, Egypt will likely benefit from a reduction of 300,000 tonnes in phosphoric fertilizer production capacity in the Americas by 2024, anticipated by the International Fertilizer Industry Association, which will increase import demand in the coming years.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The exports of Egypt\u2019s fertilizer and production sector will continue to increase between now and 2025, despite recent hikes on export fees, Fitch said in a recent report. Fitch said Egypt is already a major player in the global fertilizer market, and will likely reinforce its position over the coming three years. Plateauing domestic consumption […]<\/p>\n","protected":false},"author":4,"featured_media":209446,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[278],"class_list":["post-209445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-featured"],"yoast_head":"\nEgypt\u2019s fertilizer sector sees growth in production, exports: Fitch<\/title>\n<meta name=\"description\" content=\"BNReport | The exports of Egypt\u2019s fertilizer and production sector will continue to increase between now and 2025, despite recent hikes on export fees.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/egypts-fertilizer-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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