South Africa: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in South Africa

In 2022, after four years of growth, there was decline in the South African monoammonium phosphate market, when its value decreased by -2% to $X. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +40.1% against 2017 indices. Over the period under review, the market attained the peak level at $X in 2021, and then shrank slightly in the following year.

Monoammonium Phosphate Production in South Africa

In value terms, monoammonium phosphate production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 47%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Monoammonium Phosphate Exports

Exports from South Africa

In 2022, exports of monoammonium phosphate (MAP) from South Africa contracted to X tons, waning by -8.6% on the year before. Over the period under review, exports recorded a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 249%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, monoammonium phosphate exports surged to $X in 2022. In general, exports faced a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 233% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Zambia (X tons) was the main destination for monoammonium phosphate exports from South Africa, with a 68% share of total exports. Moreover, monoammonium phosphate exports to Zambia exceeded the volume sent to the second major destination, Zimbabwe (X tons), threefold. The third position in this ranking was taken by Swaziland (X tons), with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume to Zambia stood at -12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (-0.4% per year) and Swaziland (+56.8% per year).

In value terms, Zambia ($X) emerged as the key foreign market for monoammonium phosphate (MAP) exports from South Africa, comprising 65% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with a 29% share of total exports. It was followed by Swaziland, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Zambia totaled -7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+5.4% per year) and Swaziland (+67.7% per year).

Export Prices by Country

The average monoammonium phosphate export price stood at $X per ton in 2022, rising by 64% against the previous year. Overall, the export price continues to indicate resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Monoammonium Phosphate Imports

Imports into South Africa

Monoammonium phosphate imports into South Africa plummeted to X tons in 2022, with a decrease of -18.1% compared with the previous year. Over the period under review, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by 84%. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped notably in the following year.

In value terms, monoammonium phosphate imports rose notably to $X in 2022. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 131% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest monoammonium phosphate supplier to South Africa, with a 67% share of total imports. Moreover, monoammonium phosphate imports from Russia exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fourfold. The third position in this ranking was held by China (X tons), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+7.0% per year) and China (+5.9% per year).

In value terms, Russia ($X) constituted the largest supplier of monoammonium phosphate (MAP) to South Africa, comprising 59% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 24% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+17.0% per year) and China (+10.2% per year).

Import Prices by Country

The average monoammonium phosphate import price stood at $X per ton in 2022, surging by 36% against the previous year. Overall, the import price continues to indicate a measured increase. The growth pace was the most rapid in 2021 an increase of 77% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+33.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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