
South Africa - Monoammonium Phosphate (MAP) - Market Analysis, Forecast, Size, Trends And Insights
Monoammonium Phosphate Price in South Africa Declines to $1,214 per Ton
South Africa Monoammonium Phosphate Import Price in February 2023
In February 2023, the monoammonium phosphate price amounted to $1,214 per ton (CIF, South Africa), reducing by -6.4% against the previous month. In general, the import price, however, enjoyed a pronounced increase. The pace of growth was the most pronounced in May 2022 when the average import price increased by 153% month-to-month. Over the period under review, average import prices attained the peak figure at $1,501 per ton in October 2022; however, from November 2022 to February 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From February 2022 to February 2023, the rate of growth in terms of prices for China amounted to +2.2% per month.
COUNTRY | Import Price of Monoammonium Phosphate in South Africa (USD per ton) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
China | N/A | 960 | 346 | 1,038 | 1,194 | N/A | 1,236 | 1,352 | 1,502 | 1,332 | 1,454 | 1,297 | 1,214 |
Saudi Arabia | N/A | N/A | N/A | 1,107 | 1,258 | 943 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Germany | N/A | N/A | N/A | 584 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Russia | 817 | 794 | N/A | N/A | 864 | 919 | N/A | 659 | N/A | 560 | 550 | N/A | N/A |
Average | 840 | 795 | 383 | 970 | 1,080 | 926 | 1,236 | 722 | 1,501 | 612 | 779 | 1,297 | 1,214 |
South Africa Monoammonium Phosphate Imports
Monoammonium phosphate imports into South Africa reduced sharply to 551 tons in February 2023, waning by -69.4% on the previous month's figure. In general, imports recorded a deep slump. The pace of growth was the most pronounced in September 2022 with an increase of 1,061% against the previous month.
In value terms, monoammonium phosphate imports reduced rapidly to $669K (IndexBox estimates) in February 2023. Over the period under review, imports showed a deep contraction. The growth pace was the most rapid in May 2022 when imports increased by 1,027% against the previous month.
South Africa Monoammonium Phosphate Imports by Country
In February 2023, China (551 tons) was the main monoammonium phosphate supplier to South Africa, accounting for a approximately 100% share of total imports.
From February 2022 to February 2023, the average monthly rate of growth in terms of volume from China totaled +6.8%.
In value terms, China ($669K) constituted the largest supplier of monoammonium phosphate to South Africa.
From February 2022 to February 2023, the average monthly growth rate of value from China stood at +9.1%.
This report provides an in-depth analysis of the monoammonium phosphate market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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