SADC: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in SADC

After three years of growth, the SADC nitrogenous fertilizer market decreased by X% to $X in 2023. The total consumption indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2015 indices. As a result, consumption attained the peak level of $X, and then contracted modestly in the following year.

Nitrogenous Fertilizer Production in SADC

In value terms, nitrogenous fertilizer production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. The level of production peaked at $X in 2021; afterwards, it flattened through to 2023.

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Nitrogenous Fertilizer Exports

Exports in SADC

In 2023, shipments abroad of nitrogenous fertilizers (mineral or chemical) decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total exports indicated a prominent increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2022, and then fell modestly in the following year.

In value terms, nitrogenous fertilizer exports reduced dramatically to $X in 2023. Overall, exports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then dropped sharply in the following year.

Exports by Country

South Africa was the major exporter of nitrogenous fertilizers (mineral or chemical) in SADC, with the volume of exports amounting to X tons, which was near X% of total exports in 2023. Madagascar (X tons) ranks second in terms of the total exports with a X% share, followed by Mozambique (X%) and Tanzania (X%). The following exporters - Mauritius (X tons) and Zambia (X tons) - each amounted to a X% share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Madagascar (X%), Zambia (X%), Mauritius (X%), Mozambique (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. Madagascar (X p.p.) and Zambia (X p.p.) significantly strengthened its position in terms of the total exports, while Tanzania and South Africa saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest nitrogenous fertilizer supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Mozambique ($X), with an X% share of total exports. It was followed by Tanzania, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Mozambique (X% per year) and Tanzania (X% per year).

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then declined notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mozambique (X%), while the other leaders experienced more modest paces of growth.

Nitrogenous Fertilizer Imports

Imports in SADC

In 2023, approx. X tons of nitrogenous fertilizers (mineral or chemical) were imported in SADC; growing by X% on the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nitrogenous fertilizer imports declined notably to $X in 2023. Overall, imports saw a measured increase. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

In 2023, South Africa (X tons) represented the major importer of nitrogenous fertilizers (mineral or chemical), comprising X% of total imports. It was distantly followed by Zambia (X tons), Tanzania (X tons) and Mozambique (X tons), together constituting a X% share of total imports. The following importers - Zimbabwe (X tons), Angola (X tons) and Namibia (X tons) - together made up X% of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Mozambique (X%), Tanzania (X%), Zambia (X%), Angola (X%), Namibia (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. While the share of Zambia (X p.p.), Tanzania (X p.p.) and Mozambique (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Zambia ($X) and Tanzania ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, Zambia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 ton in 2023, reducing by X% against the previous year. In general, the import price saw a mild shrinkage. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, import price attained the peak level of $X per ton, and then dropped rapidly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform