SADC: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in SADC

The SADC potassic fertilizer market soared to $X in 2022, surging by X% against the previous year. Over the period under review, consumption recorded a resilient expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Potassic Fertilizer Production in SADC

In value terms, potassic fertilizer production reduced slightly to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Potassic Fertilizer Exports

Exports in SADC

In 2022, overseas shipments of potassic fertilizers increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, potassic fertilizer exports skyrocketed to $X in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, South Africa (X tons) represented the major exporter of potassic fertilizers, generating X% of total exports. Mozambique (X tons) ranks second in terms of the total exports with a X% share, followed by Tanzania (X%).

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Mozambique (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of South Africa, Mozambique and Tanzania increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In South Africa, potassic fertilizer exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mozambique (X% per year) and Tanzania (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable curtailment. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (X%), while the other leaders experienced a decline in the export price figures.

Potassic Fertilizer Imports

Imports in SADC

Potassic fertilizer imports soared to X tons in 2022, surging by X% against the previous year. Overall, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, potassic fertilizer imports surged to $X in 2022. Over the period under review, imports continue to indicate prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa was the key importing country with an import of around X tons, which recorded X% of total imports. Zimbabwe (X tons) ranks second in terms of the total imports with a X% share, followed by Tanzania (X%). Mozambique (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to potassic fertilizer imports into South Africa stood at X%. At the same time, Tanzania (X%), Zimbabwe (X%) and Mozambique (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Zimbabwe (X p.p.) and Tanzania (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported potassic fertilizers in SADC, comprising X% of total imports. The second position in the ranking was taken by Zimbabwe ($X), with a X% share of total imports. It was followed by Mozambique, with a 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: Zimbabwe (X% per year) and Mozambique (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, showed a noticeable downturn. 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 maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Mozambique ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform