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South Africa - Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in South Africa - 2023
Contents:
- Price for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in South Africa (FOB) - 2023
- Price for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in South Africa (CIF) - 2022
- Exports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in South Africa
- Imports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in South Africa
Price for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in South Africa (FOB) - 2023
In November 2023, the average export price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution amounted to $597 per ton, jumping by 25% against the previous month. Overall, the export price, however, saw a pronounced downturn. Over the period under review, the average export prices attained the maximum at $847 per ton in November 2022; however, from December 2022 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Democratic Republic of the Congo ($885 per ton), while the average price for exports to Namibia ($560 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+26.4%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in South Africa (CIF) - 2022
In 2022, the average import price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution amounted to $23 per ton, approximately reflecting the previous year. Over the period under review, the import price showed a sharp contraction. The growth pace was the most rapid in 2019 an increase of 72%. Over the period under review, average import prices hit record highs at $5,391 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Swaziland.
From 2015 to 2022, the rate of growth in terms of prices for the United States amounted to +28.0% per year.
Exports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in South Africa
After two years of decline, shipments abroad of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by 24% to 715 tons in 2022. Over the period under review, exports, however, showed a abrupt descent.
In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution skyrocketed to $604K in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +5.5% over the last three years. The trend pattern, however, 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.
Export of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Zambia | 0.4 | N/A | 0.1 | 233 | 735.2% |
Zimbabwe | 0.5 | 68.1 | N/A | 74.0 | 429.0% |
Namibia | 457 | 146 | 170 | 70.4 | -46.4% |
Swaziland | N/A | 20.0 | 22.3 | 67.0 | 83.0% |
Malawi | N/A | 1.5 | N/A | 50.9 | 482.5% |
Democratic Republic of the Congo | 35.6 | 4.7 | 75.7 | 49.6 | 11.7% |
Botswana | 0.2 | 24.6 | 31.2 | 49.4 | 527.4% |
Mali | N/A | 230 | N/A | N/A | 0% |
Others | 20.9 | 0.2 | N/A | 9.1 | -24.2% |
Total | 514 | 495 | 300 | 604 | 5.5% |
Top Export Markets for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution from South Africa in 2022:
- Zambia (260.8 tons)
- Zimbabwe (88.6 tons)
- Namibia (88.1 tons)
- Botswana (72.5 tons)
- Swaziland (68.7 tons)
- Democratic Republic of the Congo (67.2 tons)
- Malawi (60.6 tons)
Imports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in South Africa
For the third year in a row, South Africa recorded decline in supplies from abroad of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, which decreased by 0% to 33 tons in 2022. Overall, imports recorded significant growth. The smallest decline of -58.4% was in 2020. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution stood at $751 in 2022. Over the period under review, imports continue to indicate a sharp descent. The smallest decline of -41.9% was in 2020.
Import of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Swaziland | N/A | 0.2 | N/A | 0.7 | 87.1% |
Australia | 18.7 | N/A | N/A | N/A | 0% |
United States | N/A | 10.6 | N/A | N/A | 0% |
Others | N/A | N/A | N/A | 0.1 | 0% |
Total | 18.7 | 10.8 | N/A | 0.8 | -65.0% |
Top Suppliers of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution to South Africa in 2022:
- Swaziland (33.3 tons)
This report provides an in-depth analysis of the market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution 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 4006 - Urea and ammonium nitrate solutions (UAN)
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
-
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
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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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