SADC: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in SADC

The SADC NPK fertilizer market dropped rapidly to $X in 2023, with a decrease of X% against the previous year. The total consumption indicated a pronounced expansion 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. The level of consumption peaked at $X in 2022, and then contracted rapidly in the following year.

Npk Fertilizer Production in SADC

In value terms, NPK fertilizer production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Npk Fertilizer Exports

Exports in SADC

In 2023, approx. X tons of mixed nitrogen, phosphorus and potassium (NPK) fertilizers were exported in SADC; rising by X% on the year before. Over the period under review, exports, however, showed a pronounced descent. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, NPK fertilizer exports surged to $X in 2023. In general, exports, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X tons) and Zambia (X tons) represented roughly X% of total exports in 2023. It was distantly followed by Mozambique (X tons), achieving a X% share of total exports. Malawi (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Zambia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest NPK fertilizer supplying countries in SADC were Zambia ($X), South Africa ($X) and Mozambique ($X), together accounting for X% of total exports.

Among the main exporting countries, Zambia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, dropping by X% against the previous year. Export price indicated slight growth from 2012 to 2023: its price 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, NPK fertilizer export price increased by X% against 2018 indices. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Malawi (X%), while the other leaders experienced a decline in the export price figures.

Npk Fertilizer Imports

Imports in SADC

In 2023, the amount of mixed nitrogen, phosphorus and potassium (NPK) fertilizers imported in SADC fell remarkably to X tons, with a decrease of X% compared with the year before. In general, imports, however, showed slight growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, NPK fertilizer imports contracted sharply to $X in 2023. Over the period under review, imports, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2022, and then reduced notably in the following year.

Imports by Country

The countries with the highest levels of NPK fertilizer imports in 2023 were Malawi (X tons), Tanzania (X tons) and Zambia (X tons), together reaching X% of total import. It was distantly followed by Angola (X tons), Botswana (X tons), Madagascar (X tons) and Swaziland (X tons), together committing a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Botswana (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest NPK fertilizer importing markets in SADC were Malawi ($X), Tanzania ($X) and Zambia ($X), with a combined X% share of total imports. Angola, Botswana, Madagascar and Swaziland lagged somewhat behind, together comprising a further X%.

Botswana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 ton in 2023, declining by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Botswana ($X per ton) and Zambia ($X per ton), while Angola ($X per ton) and Swaziland ($X per ton) were amongst the lowest.

From 2012 to 2023, 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