Angola: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Angola

The Angolan mixed fertilizer market expanded notably to $X in 2022, growing by 8.9% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.7% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Mixed Fertilizer Production in Angola

In value terms, mixed fertilizer production rose sharply to $X in 2022 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.3% 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 -9.4% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 64% against the previous year. Mixed fertilizer production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Mixed Fertilizer Exports

Exports from Angola

In 2022, the amount of mixed fertilizers exported from Angola skyrocketed to X tons, increasing by 121% against the year before. Over the period under review, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 297% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, mixed fertilizer exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a dramatic slump. The pace of growth was the most pronounced in 2020 with an increase of 273% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for mixed fertilizer exports from Angola, accounting for a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo totaled +45.4%.

In value terms, Democratic Republic of the Congo ($X) also remains the key foreign market for mixed fertilizers exports from Angola.

From 2012 to 2022, the average annual growth rate of value to Democratic Republic of the Congo totaled +26.3%.

Export Prices by Country

In 2022, the average mixed fertilizer export price amounted to $X per ton, rising by 11% against the previous year. In general, the export price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2015 when the average export price increased by 80%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.

From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to -13.2% per year.

Mixed Fertilizer Imports

Imports into Angola

Mixed fertilizer imports into Angola reduced rapidly to X tons in 2022, shrinking by -19.6% against 2021. Overall, imports saw a mild decrease. The most prominent rate of growth was recorded in 2017 with an increase of 78%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, mixed fertilizer imports shrank to $X in 2022. In general, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2017 when imports increased by 69%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Morocco (X tons), China (X tons) and Russia (X tons) were the main suppliers of mixed fertilizer imports to Angola, with a combined 85% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +30.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), China ($X) and Russia ($X) constituted the largest mixed fertilizer suppliers to Angola, with a combined 81% share of total imports. Belgium, Spain, South Africa, Portugal and Vietnam lagged somewhat behind, together accounting for a further 12%.

Spain, with a CAGR of +26.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mixed fertilizer import price stood at $X per ton in 2022, surging by 13% against the previous year. In general, the import price, however, continues to indicate a slight setback. The growth pace was the most rapid in 2015 when the average import price increased by 19% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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 Portugal ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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