SADC: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in SADC

The SADC potassic fertilizer market skyrocketed to $X in 2022, surging by X% against the previous year. Over the period under review, consumption continues to indicate prominent growth. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Potassic Fertilizer Production in SADC

In value terms, potassic fertilizer production rose notably to $X in 2022 estimated in export price. In general, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Potassic Fertilizer Exports

Exports in SADC

In 2022, approx. X tons of potassic fertilizers were exported in SADC; increasing by X% compared with the previous year. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, potassic fertilizer exports skyrocketed to $X in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, South Africa (X tons) represented the main exporter of potassic fertilizers, generating X% of total exports. Mozambique (X tons) ranks second in terms of the total exports with a X% share, followed by Tanzania (X%).

From 2012 to 2022, average annual rates of growth with regard to potassic fertilizer exports from South Africa stood at X%. At the same time, Mozambique (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of South Africa, Mozambique and Tanzania increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Mozambique (X% per year) and Tanzania (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

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

Potassic Fertilizer Imports

Imports in SADC

For the third year in a row, SADC recorded growth in overseas purchases of potassic fertilizers, which increased by X% to X tons in 2022. Over the period under review, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, potassic fertilizer imports surged to $X in 2022. In general, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa dominates imports structure, reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Zimbabwe (X tons) and Tanzania (X tons), together committing a X% share of total imports. Zambia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to potassic fertilizer imports into South Africa stood at X%. At the same time, Tanzania (X%), Zimbabwe (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. While the share of Tanzania (X p.p.) and Zimbabwe (X p.p.) increased significantly in terms of the total imports from 2012-2022, 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 ($X) constitutes the largest market for imported potassic fertilizers in SADC, comprising X% of total imports. The second position in the ranking was taken by Zimbabwe ($X), with a X% share of total imports. It was followed by Zambia, with a X% share.

In South Africa, potassic fertilizer imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Zimbabwe (X% per year) and Zambia (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, saw a pronounced setback. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Zambia ($X per ton), while Tanzania ($X per ton) 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 import price figures.

Source: IndexBox Platform

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