South Africa - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNPK Fertilizer Price in South Africa - 2023
Contents:
- NPK Fertilizer Price in South Africa (FOB) - 2022
- NPK Fertilizer Price in South Africa (CIF) - 2022
- NPK Fertilizer Exports in South Africa
- NPK Fertilizer Imports in South Africa
NPK Fertilizer Price in South Africa (FOB) - 2022
The average NPK fertilizer export price stood at $962 per ton in 2022, with an increase of 22% against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, NPK fertilizer export price increased by +101.6% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 52%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($4,025 per ton), while the average price for exports to Zimbabwe ($481 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
NPK Fertilizer Price in South Africa (CIF) - 2022
The average NPK fertilizer import price stood at $1,785 per ton in 2022, declining by -14.9% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The pace of growth was the most pronounced in 2015 when the average import price increased by 581%. As a result, import price attained the peak level of $4,331 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($4,192 per ton), while the price for China ($1,219 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
NPK Fertilizer Exports in South Africa
In 2022, approx. 43K tons of mixed nitrogen, phosphorus and potassium (NPK) fertilizers were exported from South Africa; rising by 19% on the year before. The total export volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, NPK fertilizer exports skyrocketed to $41M in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 73% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of NPK Fertilizer in South Africa (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Swaziland | 1.8 | 1.6 | 7.4 | 14.6 | 100.9% |
Zambia | 8.9 | 3.3 | 2.9 | 6.3 | -10.9% |
Botswana | 2.4 | 2.9 | 2.5 | 3.8 | 16.6% |
Chile | 0.9 | 1.0 | 3.8 | 2.7 | 44.2% |
Australia | 0.2 | 0.4 | 1.1 | 1.1 | 76.5% |
Democratic Republic of the Congo | 0.6 | 1.2 | 0.3 | 1.0 | 18.6% |
Mozambique | 0.3 | 0.2 | 0.2 | 1.0 | 49.4% |
Angola | N/A | 0.5 | 0.6 | 0.8 | 26.5% |
Congo | N/A | 0.3 | 0.4 | 0.6 | 41.4% |
Zimbabwe | 0.2 | 1.1 | 2.1 | 0.5 | 35.7% |
Others | 4.1 | 4.0 | 7.2 | 8.6 | 28.0% |
Total | 19.5 | 16.5 | 28.5 | 41.1 | 28.2% |
Top Export Markets for NPK Fertilizer from South Africa in 2022:
- Swaziland (20.7K tons)
- Zambia (6.2K tons)
- Botswana (4.5K tons)
- Mozambique (1.2K tons)
- Zimbabwe (1.1K tons)
- Australia (0.9K tons)
- Democratic Republic of the Congo (0.9K tons)
- Angola (0.8K tons)
- Congo (0.8K tons)
- Chile (0.7K tons)
NPK Fertilizer Imports in South Africa
In 2022, supplies from abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers was finally on the rise to reach 7.7K tons after two years of decline. Over the period under review, imports, however, showed a deep reduction.
In value terms, NPK fertilizer imports surged to $14M in 2022. Overall, imports saw perceptible growth. The pace of growth appeared the most rapid in 2021 when imports increased by 127%. Imports peaked in 2022 and are likely to continue growth in years to come.
Import of NPK Fertilizer in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | N/A | N/A | 7.2 | 9.9 | 37.5% |
France | 2.1 | 0.1 | 0.1 | 1.5 | -10.6% |
Netherlands | 0.7 | 0.6 | 0.6 | 0.8 | 4.6% |
United States | 0.1 | N/A | 0.2 | 0.8 | 100.0% |
Israel | 0.2 | 0.1 | N/A | 0.2 | 0.0% |
China | 5.6 | 0.1 | 0.2 | 0.1 | -73.9% |
Spain | 3.2 | 0.7 | 0.3 | 0.1 | -68.5% |
Norway | N/A | 2.4 | N/A | N/A | 0% |
Others | 0.6 | 1.1 | 2.8 | 0.3 | -20.6% |
Total | 12.5 | 5.1 | 11.5 | 13.7 | 3.1% |
Top Suppliers of NPK Fertilizer to South Africa in 2022:
- Italy (5626.1 tons)
- France (815.9 tons)
- Netherlands (403.3 tons)
- United States (195.9 tons)
- Israel (120.0 tons)
- China (68.6 tons)
- Spain (53.1 tons)
This report provides an in-depth analysis of the npk fertilizer 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 4021 - NPK fertilizers
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
This report provides an in-depth analysis of the npk fertilizer market in South Africa.
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This report provides an in-depth analysis of the global mixed fertilizer market.
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This report provides an in-depth analysis of the global diammonium phosphate market.
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Fertilizer prices continue to ramp up due to a shortage in supply caused by lower output in EU countries. High natural gas costs shape that growth because gas accounts for up to 80% of variable costs in nitrogen fertilizer production. Urea prices spiked exceptionally high to $900 per ton in November 2021, gaining 30% against the previous month. Phosphate rock price rose by 4%, while diammonium phosphate and triple superphosphate were both up by 8%. Next year, fertilizer prices are projected to climb further due to a continued shortage in supply, but if costs for natural gas maintain their downward trend, they will hold the price increases back.