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South Africa - Nitrates Of Potassium - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIn 2023, Potassium Nitrate Imports in South Africa Surge Dramatically, Reaching $46 Million
South Africa Potassium Nitrate Imports
After three years of decline, overseas purchases of potassium nitrates increased by 22% to 34K tons in 2023. Overall, imports showed a perceptible increase. The most prominent rate of growth was recorded in 2018 with an increase of 266%. Over the period under review, imports hit record highs at 57K tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.
In value terms, potassium nitrate imports surged to $46M (IndexBox estimates) in 2023. Over the period under review, imports saw a strong increase. The growth pace was the most rapid in 2018 when imports increased by 239% against the previous year. Imports peaked in 2023 and are expected to retain growth in the near future.
COUNTRY | Import Value of Potassium Nitrate in South Africa (million USD) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
Chile | 14.1 | 30.9 | 13.3 | 17.4 | 0.2 | 15.6 | 16.0 | 15.9 | 15.7 | 26.5 | 34.8 |
Jordan | 5.1 | 6.3 | 5.2 | 5.5 | 4.5 | 6.6 | 4.6 | 4.2 | 3.5 | 6.9 | 6.1 |
Israel | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.0 |
China | N/A | 0.7 | 1.3 | 1.5 | 1.7 | 1.0 | 3.9 | 3.9 | 0.4 | 2.6 | 1.3 |
Switzerland | N/A | 7.2 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Others | 0.2 | 0.6 | 0.3 | 0.3 | 0.7 | 0.4 | 0.2 | 0.6 | 1.2 | 0.9 | 0.8 |
Total | 19.5 | 45.7 | 20.0 | 24.6 | 7.0 | 23.7 | 24.7 | 24.6 | 20.9 | 36.9 | 46.0 |
Imports by Country
In 2023, Chile (24K tons) constituted the largest supplier of potassium nitrate to South Africa, with a 71% share of total imports. Moreover, potassium nitrate imports from Chile exceeded the figures recorded by the second-largest supplier, Jordan (6.1K tons), fourfold. Israel (1.9K tons) ranked third in terms of total imports with a 5.7% share.
From 2013 to 2023, the average annual growth rate of volume from Chile stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (+0.4% per year) and Israel (0.0% per year).
In value terms, Chile ($35M) constituted the largest supplier of potassium nitrates to South Africa, comprising 76% of total imports. The second position in the ranking was held by Jordan ($6.1M), with a 13% share of total imports. It was followed by Israel, with a 6.4% share.
From 2013 to 2023, the average annual growth rate of value from Chile totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (+1.8% per year) and Israel (0.0% per year).
Import Prices by Country
In 2023, the potassium nitrate price stood at $1,337 per ton (CIF, South Africa), picking up by 2.3% against the previous year. Overall, the import price showed a moderate increase. The pace of growth appeared the most rapid in 2022 an increase of 91%. The import price peaked in 2023 and is likely to continue growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Israel ($1,521 per ton), while the price for China ($965 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Chile (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides an in-depth analysis of the potassium nitrate 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.
Product coverage:
- FCL 4025 - Potassium nitrate
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023