South Africa: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in South Africa

The South African market for compounds with other nitrogen function (excluding isocyanates) surged to $X in 2022, picking up by 23% against the previous year. Overall, consumption, however, saw a strong increase. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the near future.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in South Africa

In value terms, compounds with other nitrogen function production declined to $X in 2022 estimated in export price. In general, production, however, recorded a significant increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 289%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from South Africa

In 2022, approx. X tons of compounds with other nitrogen function (excluding isocyanates) were exported from South Africa; growing by 9.8% against the year before. In general, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 89%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, compounds with other nitrogen function exports surged to $X in 2022. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 94% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Zambia (X tons) was the main destination for compounds with other nitrogen function exports from South Africa, with a 48% share of total exports. Moreover, compounds with other nitrogen function exports to Zambia exceeded the volume sent to the second major destination, Namibia (X tons), twofold. The third position in this ranking was held by Malawi (X tons), with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zambia stood at +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+32.9% per year) and Malawi (+8.8% per year).

In value terms, Zambia ($X) remains the key foreign market for compounds with other nitrogen function (excluding isocyanates) exports from South Africa, comprising 55% of total exports. The second position in the ranking was taken by Malawi ($X), with an 18% share of total exports. It was followed by Namibia, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Zambia totaled +21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malawi (+9.1% per year) and Namibia (+27.4% per year).

Export Prices by Country

The average export price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, with an increase of 33% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, compounds with other nitrogen function export price increased by +80.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Singapore ($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 Zimbabwe (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into South Africa

After five years of decline, purchases abroad of compounds with other nitrogen function (excluding isocyanates) increased by 17% to X tons in 2022. Overall, imports, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2016 when imports increased by 27% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, compounds with other nitrogen function imports soared to $X in 2022. Over the period under review, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main compounds with other nitrogen function supplier to South Africa, accounting for a 93% share of total imports. Moreover, compounds with other nitrogen function imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. The third position in this ranking was held by Hong Kong SAR (X tons), with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+245.9% per year) and Hong Kong SAR (+11.6% per year).

In value terms, China ($X) constituted the largest supplier of compounds with other nitrogen function (excluding isocyanates) to South Africa, comprising 91% of total imports. The second position in the ranking was taken by Thailand ($X), with a 3.5% share of total imports. It was followed by Hong Kong SAR, with a 0.7% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+478.8% per year) and Hong Kong SAR (+7.0% per year).

Import Prices by Country

The average import price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, increasing by 34% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, compounds with other nitrogen function import price increased by +174.5% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 47%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+67.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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