Price for Fertilizers; Mineral or Chemical, Phosphatic in South Africa - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Phosphatic in South Africa (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Phosphatic in South Africa (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Phosphatic in South Africa
- Exports of Fertilizers; Mineral or Chemical, Phosphatic in South Africa
Price for Fertilizers; Mineral or Chemical, Phosphatic in South Africa (CIF) - 2022
The average import price for fertilizers; mineral or chemical, phosphatics stood at $353 per ton in 2022, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 57% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
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 Spain ($789 per ton), while the price for Algeria ($132 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Phosphatic in South Africa (FOB) - 2022
In 2022, the average export price for fertilizers; mineral or chemical, phosphatics amounted to $810 per ton, growing by 28% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizers; mineral or chemical, phosphatic export price increased by +93.6% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($2,467 per ton), while the average price for exports to Zimbabwe ($591 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 (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Phosphatic in South Africa
In 2022, fertilizers; mineral or chemical, phosphatic imports into South Africa skyrocketed to 44K tons, rising by 56% on 2021. In general, imports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 63%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, fertilizers; mineral or chemical, phosphatic imports soared to $15M in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 141%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Fertilizers; Mineral or Chemical, Phosphatic in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 1.6 | 1.7 | 1.9 | 5.5 | 50.9% |
| Egypt | 0.5 | 0.7 | 5.3 | 3.6 | 93.1% |
| Morocco | N/A | N/A | 0.4 | 3.5 | 775.0% |
| Spain | N/A | 0.2 | 0.5 | 1.7 | 191.5% |
| China | 1.2 | 1.3 | 1.7 | 0.8 | -12.6% |
| Algeria | N/A | N/A | N/A | 0.3 | 0% |
| Others | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Total | 3.4 | 4.1 | 9.9 | 15.5 | 65.8% |
Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to South Africa in 2022:
- Israel (23.2K tons)
- Morocco (8.5K tons)
- Egypt (6.3K tons)
- Algeria (2.5K tons)
- Spain (2.1K tons)
- China (1.3K tons)
Exports of Fertilizers; Mineral or Chemical, Phosphatic in South Africa
In 2022, shipments abroad of fertilizers; mineral or chemical, phosphatics decreased by -20.5% to 6K tons, falling for the second year in a row after two years of growth. Overall, total exports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +4.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -29.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 61%. As a result, the exports attained the peak of 8.5K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, fertilizers; mineral or chemical, phosphatic exports amounted to $4.8M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 28%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Fertilizers; Mineral or Chemical, Phosphatic in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 1,069 | 2,090 | 1,604 | 1,608 | 14.6% |
| Zimbabwe | 71.4 | 385 | 1,055 | 829 | 126.4% |
| Democratic Republic of the Congo | N/A | N/A | N/A | 541 | 0% |
| Lesotho | 468 | 79.1 | 46.9 | 535 | 4.6% |
| Zambia | 329 | 239 | 429 | 441 | 10.3% |
| Swaziland | 518 | 529 | 950 | 405 | -7.9% |
| Mozambique | 408 | 374 | 414 | 361 | -4.0% |
| Others | 89.9 | 92.5 | 269 | 118 | 9.5% |
| Total | 2,953 | 3,789 | 4,769 | 4,838 | 17.9% |
Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from South Africa in 2022:
- Namibia (1765.9 tons)
- Zimbabwe (1402.7 tons)
- Lesotho (697.6 tons)
- Democratic Republic of the Congo (685.1 tons)
- Swaziland (661.7 tons)
- Mozambique (501.8 tons)
- Zambia (178.8 tons)
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