Africa: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in Africa

The African monoammonium phosphate market was estimated at $X in 2022, approximately reflecting the previous year. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +61.5% against 2017 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Monoammonium Phosphate Production in Africa

In value terms, monoammonium phosphate production fell modestly to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value 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, production decreased by -8.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 28%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Monoammonium Phosphate Exports

Exports in Africa

In 2022, the amount of monoammonium phosphate (MAP) exported in Africa dropped significantly to X tons, shrinking by -35.7% on the previous year. Overall, exports, however, recorded pronounced growth. The pace of growth was the most pronounced in 2016 when exports increased by 51% against the previous year. The volume of export peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, monoammonium phosphate exports contracted slightly to $X in 2022. In general, exports, however, posted prominent growth. The growth pace was the most rapid in 2021 when exports increased by 87% against the previous year. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

Morocco dominates exports structure, finishing at X tons, which was near 93% of total exports in 2022. Egypt (X tons) and Tunisia (X tons) followed a long way behind the leaders.

Exports from Morocco increased at an average annual rate of +4.3% from 2012 to 2022. At the same time, Egypt (+46.7%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of +46.7% from 2012-2022. By contrast, Tunisia (-1.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Egypt and Morocco increased by +3.3 and +2.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) remains the largest monoammonium phosphate supplier in Africa, comprising 92% of total exports. The second position in the ranking was held by Egypt ($X), with a 4.8% share of total exports.

In Morocco, monoammonium phosphate exports expanded at an average annual rate of +9.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (+51.2% per year) and Tunisia (+7.2% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, increasing by 55% against the previous year. In general, the export price recorded pronounced growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+8.9%), while the other leaders experienced more modest paces of growth.

Monoammonium Phosphate Imports

Imports in Africa

In 2022, purchases abroad of monoammonium phosphate (MAP) decreased by -1.2% to X tons, falling for the third year in a row after three years of growth. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.1% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 43% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, monoammonium phosphate imports surged to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

South Africa represented the major importing country with an import of about X tons, which resulted at 46% of total imports. Zimbabwe (X tons) took a 25% share (based on physical terms) of total imports, which put it in second place, followed by Mali (9.7%) and Algeria (5.9%). Ghana (X tons), Zambia (X tons) and Mozambique (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of +91.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported monoammonium phosphate (MAP) in Africa, comprising 54% of total imports. The second position in the ranking was taken by Zimbabwe ($X), with a 24% share of total imports. It was followed by Mali, with a 5.9% share.

In South Africa, monoammonium phosphate imports increased at an average annual rate of +9.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Zimbabwe (+40.2% per year) and Mali (-4.9% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, with an increase of 24% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 40%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mozambique ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+5.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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