Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Africa - 2024
Contents:
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Africa (CIF) - 2022
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Africa (FOB) - 2022
- Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Africa
- Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Africa
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Africa (CIF) - 2022
In 2022, the average import price for fertilizers, mineral or chemical amounted to $150 per ton, jumping by 392% against the previous year. Over the period under review, the import price enjoyed pronounced growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($1,653 per ton), while the price for Swaziland ($23 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+43.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Africa (FOB) - 2022
In 2022, the average export price for fertilizers, mineral or chemical amounted to $748 per ton, rising by 46% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fertilizers, mineral or chemical increased by +56.0% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 Mozambique ($1,186 per ton), while the average price for exports to Zambia ($463 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 Mozambique (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Africa
In 2022, imports of fertilizers, mineral or chemical into South Africa soared to 50K tons, with an increase of 115% on the previous year's figure. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of fertilizers, mineral or chemical surged to $7.5M in 2022. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | N/A | N/A | N/A | 4.5 | 0% |
China | 0.7 | 1.3 | 0.2 | 2.1 | 44.2% |
Swaziland | 0.7 | 0.7 | 0.5 | 0.9 | 8.7% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 1.5 | 2.0 | 0.7 | 7.5 | 71.0% |
Top Suppliers of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate to South Africa in 2022:
- Swaziland (39.3K tons)
- China (7.7K tons)
- Belgium (2.7K tons)
Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Africa
Exports of fertilizers, mineral or chemical from South Africa surged to 7.2K tons in 2022, rising by 59% compared with 2021 figures. Over the period under review, exports enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fertilizers, mineral or chemical soared to $5.4M in 2022. In general, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Namibia | 1,982 | 419 | 1,186 | 3,513 | 21.0% |
Democratic Republic of the Congo | 533 | 88.2 | 349 | 819 | 15.4% |
Swaziland | 58.5 | 63.8 | 136 | 323 | 76.7% |
Angola | 1.0 | 6.8 | N/A | 320 | 584.0% |
Zimbabwe | 498 | 59.2 | 341 | 155 | -32.2% |
Botswana | 185 | 266 | 7.1 | 110 | -15.9% |
Zambia | 163 | 482 | 295 | 70.7 | -24.3% |
Others | 495 | 221 | 19.5 | 112 | -39.1% |
Total | 3,915 | 1,605 | 2,333 | 5,424 | 11.5% |
Top Export Markets for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate from South Africa in 2022:
- Namibia (4588.1 tons)
- Democratic Republic of the Congo (1042.7 tons)
- Swaziland (619.3 tons)
- Angola (402.7 tons)
- Zimbabwe (208.2 tons)
- Zambia (152.6 tons)
- Botswana (136.5 tons)
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The exports of Ammonium Nitrate peaked at 199K tons in 2022, and then decreased in the following year. In terms of value, Ammonium Nitrate exports significantly decreased to $108M in 2023.
In April 2023, the growth of Ammonium Nitrate was the most rapid, with a remarkable increase of 67% compared to the previous month. However, in July 2023, the value of Ammonium Nitrate exports experienced a sharp decline, reaching only $6.9M.
In February 2023, Ammonium Sulphate imports saw a dramatic increase of 1,357% month-on-month, making it the fastest growth period. However, by December 2023, the value of Ammonium Sulphate imports dropped significantly to $6M.
In May 2023, the Ammonium Sulphate price in South Africa was $215 per ton (CIF), showing a decrease of 8.5% compared to the previous month.
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