South Africa: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in South Africa

The South African diammonium phosphate market fell slightly to $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Diammonium Phosphate Production in South Africa

In value terms, diammonium phosphate production contracted modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.3% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 33% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Diammonium Phosphate Exports

Exports from South Africa

Diammonium phosphate exports from South Africa surged to X tons in 2022, increasing by 2,981% compared with the previous year. Over the period under review, exports recorded buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, diammonium phosphate exports skyrocketed to $X in 2022. In general, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Zambia (X tons) was the main destination for diammonium phosphate exports from South Africa, with a 96% share of total exports. It was followed by Zimbabwe (X tons), with a 2.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zambia totaled +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (-4.0% per year) and Swaziland (-6.7% per year).

In value terms, Zambia ($X) emerged as the key foreign market for diammonium phosphate exports from South Africa, comprising 97% of total exports. The second position in the ranking was held by Zimbabwe ($X), with a 2.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Zambia stood at +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+4.2% per year) and Swaziland (-9.2% per year).

Export Prices by Country

In 2022, the average diammonium phosphate export price amounted to $X per ton, picking up by 115% against the previous year. Over the period under review, the export price showed a temperate expansion. The most prominent rate of growth was recorded in 2018 an increase of 142%. Over the period under review, the average export 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 for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Swaziland ($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 (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.

Diammonium Phosphate Imports

Imports into South Africa

In 2022, purchases abroad of diammonium phosphate increased by 49% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 4,404% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, diammonium phosphate imports soared to $X in 2022. Over the period under review, imports posted notable growth. The pace of growth was the most pronounced in 2021 when imports increased by 2,408% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Russia (X tons), Saudi Arabia (X tons) and Morocco (X tons) were the main suppliers of diammonium phosphate imports to South Africa, with a combined 98% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +264.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Saudi Arabia ($X) and Morocco ($X) were the largest diammonium phosphate suppliers to South Africa, with a combined 96% share of total imports.

Among the main suppliers, Russia, with a CAGR of +379.8%, saw the highest rates of growth with regard to 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

In 2022, the average diammonium phosphate import price amounted to $X per ton, picking up by 57% against the previous year. Over the period under review, the import price showed a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of 187%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+31.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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