Report Update Nov 1, 2024

SADC - Nitrates (Excluding Those of Potassium) - Market Analysis, Forecast, Size, Trends and Insights

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SADC: Nitrates Market 2024

Nitrates Market Size in SADC

In 2021, the SADC nitrates market increased by 40% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw a slight expansion. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Nitrates Production in SADC

In value terms, nitrates production soared to $X in 2021 estimated in export price. Overall, production recorded moderate growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 143%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Nitrates Exports

Exports in SADC

In 2021, shipments abroad of nitrates (excluding those of potassium) decreased by -57.6% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports recorded a deep slump. The growth pace was the most rapid in 2018 with an increase of 50% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, nitrates exports shrank dramatically to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 90%. Over the period under review, the exports attained the maximum at $X in 2020, and then reduced sharply in the following year.

Exports by Country

South Africa dominates exports structure, amounting to X tons, which was near 96% of total exports in 2021. Namibia (X tons) took a relatively small share of total exports.

Exports from South Africa decreased at an average annual rate of -9.4% from 2012 to 2021. Namibia (-4.4%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest nitrates supplier in SADC, comprising 91% of total exports. The second position in the ranking was taken by Namibia ($X), with an 8.3% share of total exports.

In South Africa, nitrates exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in SADC stood at $X per ton in 2021, increasing by 2.4% against the previous year. Overall, the export price continues to indicate a prominent expansion. The growth pace was the most rapid in 2017 an increase of 55% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while South Africa totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Namibia (+18.0%).

Nitrates Imports

Imports in SADC

In 2021, overseas purchases of nitrates (excluding those of potassium) increased by 43% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by 131% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in years to come.

In value terms, nitrates imports rose rapidly to $X in 2021. Overall, imports saw a perceptible expansion. The growth pace was the most rapid in 2015 with an increase of 115% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Africa (X tons) was the main importer of nitrates (excluding those of potassium) in SADC, achieving 98% of total import.

South Africa was also the fastest-growing in terms of the nitrates (excluding those of potassium) imports, with a CAGR of +21.8% from 2012 to 2021. From 2012 to 2021, the share of South Africa increased by +37 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported nitrates (excluding those of potassium) in SADC.

From 2012 to 2021, the average annual growth rate of value in South Africa amounted to +9.6%.

Import Prices by Country

In 2021, the import price in SADC amounted to $X per ton, shrinking by -19.8% against the previous year. Overall, the import price recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 an increase of 10% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to -10.0% per year.

Source: IndexBox Platform

This report provides an in-depth analysis of the nitrates market in SADC. 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:

Prodcom 20134210 - Nitrates (excluding those of potassium)

Country coverage:

Angola
Botswana
Comoros
Democratic Republic of the Congo
Lesotho
Madagascar
Malawi
Mauritius
Mozambique
Namibia
Seychelles
South Africa
Swaziland
Tanzania
Zambia
Zimbabwe

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in SADC, split by region and country
Trade (exports and imports) in SADC
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Angola
- Botswana
- Comoros
- Democratic Republic of the Congo
- Lesotho
- Madagascar
- Malawi
- Mauritius
- Mozambique
- Namibia
- Seychelles
- South Africa
- Swaziland
- Tanzania
- Zambia
- Zimbabwe
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023