South Africa: Market for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution 2024

Market Size for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in South Africa

The South African market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution declined to $X in 2022, waning by -11.2% against the previous year. In general, consumption, however, saw a mild expansion. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in South Africa

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated notable growth 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 decreased by -21.9% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 63% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth remained at a somewhat lower figure.

Exports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Exports from South Africa

After two years of decline, shipments abroad of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by 102% to X tons in 2022. Overall, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2013 when exports increased by 1,277%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution skyrocketed to $X in 2022. Over the period under review, exports showed a strong expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 869%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Zambia (X tons) was the main destination for exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution from South Africa, accounting for a 42% share of total exports. Moreover, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution 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 13% share.

From 2012 to 2022, the average annual growth rate of volume to Zambia totaled +41.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+14.8% per year) and Swaziland (+19.3% per year).

In value terms, Zambia ($X) emerged as the key foreign market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exports from South Africa, comprising 39% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with a 12% share of total exports. It was followed by Namibia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Zambia amounted to +36.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+13.8% per year) and Namibia (-2.0% per year).

Export Prices by Country

The average export price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the export price recorded a noticeable decrease. The pace of growth appeared the most rapid in 2015 an increase of 22%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Botswana ($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 Namibia (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Imports into South Africa

Imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution into South Africa soared to X tons in 2022, growing by 12,758% against the previous year's figure. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution soared to $X in 2022. Over the period under review, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2019 when imports increased by 173%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Swaziland (X tons) was the main mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution supplier to South Africa, with a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Swaziland totaled +5,401.9%.

In value terms, Swaziland ($X) constituted the largest supplier of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution to South Africa.

From 2012 to 2022, the average annual growth rate of value from Swaziland totaled +1,211.5%.

Import Prices by Country

In 2022, the average import price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution amounted to $X per ton, falling by -98.8% against the previous year. In general, the import price recorded a precipitous contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 71%. The import price peaked at $X per ton in 2021, and then contracted sharply in the following year.

As there is only one major supplying country, the average price level is determined by prices for Swaziland.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +16.7% per year.

Source: IndexBox Platform

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