Mbariket LLC

Export Market for Nigerian Urea Fertilizer

Urea fertilizer is a crucial agricultural input for farmers around the world. It is an essential source of nitrogen, one of the most important nutrients for plant growth. Nigeria is one of the largest producers and exporters of urea fertilizer in the world, with significant export volumes to various countries.

urea fertilizer
Mbariket farmland in Nigeria

Major Players in Urea Fertilizer Export in Nigeria

Dangote is the leading player in the production and export of urea fertilizer in Nigeria. The company has a large fertilizer plant in Lagos with an annual production capacity of 3 million metric tonnes. The plant started operations in 2021, and since then, Dangote has been exporting its urea fertilizer to different countries. The company has signed several contracts with international buyers, including Morocco, Brazil, and the United States.

Another major player in the Nigerian market is Indorama Eleme Fertilizer and Chemicals Limited. The company is the largest urea fertilizer producer in sub-Saharan Africa, with an annual production capacity of 1.5 million metric tonnes. Indorama’s plant is located in Port Harcourt, and the company has been exporting its product to different countries, including Morocco, Ghana, and Senegal.

Export Destinations for Nigerian Urea Fertilizer

Nigeria’s urea fertilizer has several export destinations, with major buyers in Africa, South America, and Asia. In Africa, Morocco is the biggest importer, with an estimated 1 million metric tonnes of annual imports. Other African countries that import include Ghana, Senegal, and Cote d’Ivoire.

In South America, Brazil is the largest importer of Nigerian urea, with annual imports estimated at 2 million metric tonnes. The United States is another significant buyer of Nigerian fertilizer, with annual imports estimated at 300,000 metric tonnes. Other countries that import include India, Indonesia, and Turkey.

Prospects for the Future

The export of fertilizer in Nigeria is expected to grow in the coming years. The Nigerian government has set a target to increase the country’s fertilizer production capacity to 12.5 million metric tonnes by 2023. This is expected to boost the export of fertilizer from Nigeria, as the country seeks to diversify its economy.

In addition, the private sector is also investing heavily in the Nigerian fertilizer industry, with more companies expected to join Dangote and Indorama in the production and export of urea fertilizer. This is expected to increase competition and drive down prices, making Nigerian urea more attractive to buyers in different countries.

The export of fertilizer in Nigeria is a critical component of the country’s economy. The major players in the market, such as Dangote and Indorama, have been instrumental in boosting the country’s production and export of fertilizer. With the Nigerian government’s focus on increasing fertilizer production and the entry of new players into the market, the future of Nigerian urea fertilizer export looks bright.

Talk to us.