SADC: Phosphatic Fertilizer Market 2024

Phosphatic Fertilizer Market Size in SADC

The SADC phosphatic fertilizer market skyrocketed to $X in 2022, increasing by X% against the previous year. In general, consumption showed temperate growth. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Phosphatic Fertilizer Production in SADC

In value terms, phosphatic fertilizer production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production showed a resilient expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Phosphatic Fertilizer Exports

Exports in SADC

Phosphatic fertilizer exports surged to X tons in 2022, rising by X% on 2021 figures. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, phosphatic fertilizer exports surged to $X in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Tanzania prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by South Africa (X tons), constituting a X% share of total exports.

Tanzania was also the fastest-growing in terms of the phosphatic fertilizers exports, with a CAGR of X% from 2012 to 2022. South Africa (X%) illustrated a downward trend over the same period. While the share of Tanzania (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, Tanzania ($X) remains the largest phosphatic fertilizer supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by South Africa ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Tanzania totaled X%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, which is down by X% against the previous year. Overall, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat 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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Phosphatic Fertilizer Imports

Imports in SADC

In 2022, purchases abroad of phosphatic fertilizers increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, phosphatic fertilizer imports skyrocketed to $X in 2022. Overall, imports continue to indicate modest growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

South Africa prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2022. Angola (X tons) took the second position in the ranking, followed by Malawi (X tons) and Tanzania (X tons). All these countries together held near X% share of total imports. Zambia (X tons), Swaziland (X tons) and Democratic Republic of the Congo (X tons) took a minor share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Malawi (X%), Democratic Republic of the Congo (X%), Angola (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Malawi emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Zambia (X%) and Swaziland (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Malawi (X p.p.), Angola (X p.p.) and Democratic Republic of the Congo (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Zambia (X p.p.) and Swaziland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported phosphatic fertilizers in SADC, comprising X% of total imports. The second position in the ranking was taken by Malawi ($X), with a X% share of total imports. It was followed by Angola, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Malawi (X% per year) and Angola (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphatic fertilizer import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

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

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

Source: IndexBox Platform