SADC: Nitrogen Market 2024

Nitrogen Market Size in SADC

The SADC nitrogen market stood at $X in 2022, remaining relatively unchanged against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Nitrogen Production in SADC

In value terms, nitrogen production totaled $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Nitrogen Exports

Exports in SADC

In 2022, shipments abroad of nitrogen increased by X% to X cubic meters, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X cubic meters. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, nitrogen exports skyrocketed to $X in 2022. Overall, exports, however, saw a noticeable decrease. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, reaching X cubic meters, which was near X% of total exports in 2022. The following exporters - Zambia (X cubic meters) and Zimbabwe (X cubic meters) - each reached a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to nitrogen exports from South Africa stood at X%. At the same time, Zimbabwe (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest nitrogen supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Zambia ($X), with a X% share of total exports.

In South Africa, nitrogen exports plunged by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Zambia (X% per year) and Zimbabwe (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per cubic meter, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per cubic meter), while South Africa ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced mixed trends in the export price figures.

Nitrogen Imports

Imports in SADC

In 2022, after two years of decline, there was significant growth in supplies from abroad of nitrogen, when their volume increased by X% to X cubic meters. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nitrogen imports surged to $X in 2022. In general, imports saw a relatively flat trend pattern. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

South Africa was the main importing country with an import of around X cubic meters, which amounted to X% of total imports. It was distantly followed by Mozambique (X cubic meters), achieving a X% share of total imports. The following importers - Zambia (X cubic meters), Botswana (X cubic meters) and Namibia (X cubic meters) - each accounted for a X% share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Mozambique (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Botswana (X%) and Namibia (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.) and Mozambique (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Botswana (X p.p.) and Namibia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Mozambique ($X) and Zambia ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Mozambique, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per cubic meter in 2022, waning by X% against the previous year. Overall, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per cubic meter in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Zambia ($X per cubic meter), while South Africa ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :