SADC: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in SADC

In 2022, after two years of decline, there was significant growth in the SADC NPK fertilizer market, when its value increased by 20% to $X. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Npk Fertilizer Production in SADC

In value terms, NPK fertilizer production declined slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 18%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Npk Fertilizer Exports

Exports in SADC

In 2022, overseas shipments of mixed nitrogen, phosphorus and potassium (NPK) fertilizers were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 44% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, NPK fertilizer exports soared to $X in 2022. Overall, exports, however, recorded a pronounced decrease. The growth pace was the most rapid in 2019 when exports increased by 60% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa was the major exporter of mixed nitrogen, phosphorus and potassium (NPK) fertilizers in SADC, with the volume of exports amounting to X tons, which was near 55% of total exports in 2022. It was distantly followed by Mozambique (X tons), comprising a 29% share of total exports. Malawi (X tons), Tanzania (X tons), Zambia (X tons) and Zimbabwe (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of +52.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest NPK fertilizer supplier in SADC, comprising 62% of total exports. The second position in the ranking was taken by Mozambique ($X), with a 29% share of total exports. It was followed by Malawi, with a 3% share.

In South Africa, NPK fertilizer exports shrank by an average annual rate of -6.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mozambique (+55.5% per year) and Malawi (+14.2% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, surging by 24% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, NPK fertilizer export price increased by +75.9% against 2017 indices. The pace of growth was the most pronounced in 2021 when the export price increased by 32% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+4.6%), while the other leaders experienced mixed trends in the export price figures.

Npk Fertilizer Imports

Imports in SADC

In 2022, after two years of decline, there was significant growth in purchases abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers, when their volume increased by 29% to X tons. In general, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 43% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, NPK fertilizer imports surged to $X in 2022. Over the period under review, imports showed a tangible expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 44% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

The purchases of the three major importers of mixed nitrogen, phosphorus and potassium (NPK) fertilizers, namely Malawi, Zambia and Tanzania, represented more than two-thirds of total import. Angola (X tons) took the next position in the ranking, followed by Madagascar (X tons). All these countries together took near 12% share of total imports. Zimbabwe (X tons) and Mozambique (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Madagascar (with a CAGR of +9.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest NPK fertilizer importing markets in SADC were Tanzania ($X), Malawi ($X) and Zambia ($X), with a combined 76% share of total imports.

In terms of the main importing countries, Tanzania, with a CAGR of +11.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, growing by 4.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 24% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+3.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform