South Africa - Ammonium Nitrate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAmmonium Nitrate Price in South Africa - 2023
Contents:
- Ammonium Nitrate Price in South Africa (FOB) - 2023
- Ammonium Nitrate Price in South Africa (CIF) - 2022
- Ammonium Nitrate Exports in South Africa
- Ammonium Nitrate Imports in South Africa
Ammonium Nitrate Price in South Africa (FOB) - 2023
The average ammonium nitrate export price stood at $478 per ton in July 2023, reducing by -13% against the previous month. In general, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in April 2023 an increase of 21% m-o-m. Over the period under review, the average export prices hit record highs at $883 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Angola ($1,586 per ton), while the average price for exports to Swaziland ($413 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+1.2%), while the prices for the other major destinations experienced a decline.
Ammonium Nitrate Price in South Africa (CIF) - 2022
The average ammonium nitrate import price stood at $535 per ton in 2022, picking up by 44% against the previous year. In general, the import price saw a buoyant expansion. The growth pace was the most rapid in 2013 an increase of 173% against the previous year. As a result, import price reached the peak level of $662 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($920 per ton), while the price for Norway ($455 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+1,268.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Ammonium Nitrate Exports in South Africa
In 2022, approx. 199K tons of ammonium nitrate were exported from South Africa; with an increase of 13% against the previous year's figure. The total export volume increased at an average annual rate of +12.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, ammonium nitrate exports surged to $169M in 2022. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Ammonium Nitrate in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 25.7 | 24.2 | 41.8 | 54.0 | 28.1% |
| Ghana | N/A | N/A | N/A | 31.8 | 0% |
| Botswana | 9.7 | 10.1 | 16.4 | 25.5 | 38.0% |
| Democratic Republic of the Congo | 11.9 | 10.4 | 19.1 | 23.2 | 24.9% |
| Namibia | 5.7 | 4.8 | 8.8 | 13.7 | 34.0% |
| Mozambique | 1.6 | 0.2 | 0.6 | 9.4 | 80.4% |
| Swaziland | 1.1 | 1.2 | 4.0 | 4.0 | 53.8% |
| Lesotho | 1.4 | 0.9 | 1.6 | 1.9 | 10.7% |
| Zimbabwe | 1.4 | 1.9 | 1.3 | 1.3 | -2.4% |
| Others | 1.5 | 0.3 | 0.6 | 4.1 | 39.8% |
| Total | 60.0 | 53.9 | 94.2 | 169 | 41.2% |
Top Export Markets for Ammonium Nitrate from South Africa in 2022:
- Zambia (68.5K tons)
- Botswana (32.7K tons)
- Democratic Republic of the Congo (29.5K tons)
- Ghana (24.0K tons)
- Namibia (19.6K tons)
- Mozambique (11.1K tons)
- Swaziland (6.0K tons)
- Lesotho (2.5K tons)
- Zimbabwe (2.0K tons)
Ammonium Nitrate Imports in South Africa
Ammonium nitrate imports into South Africa surged to 11K tons in 2022, rising by 169% against the year before. In general, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 4,698%. As a result, imports attained the peak of 33K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, ammonium nitrate imports soared to $5.8M in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 4,153%. As a result, imports reached the peak of $10M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Ammonium Nitrate in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | N/A | 0.1 | N/A | 3.9 | 524.5% |
| Finland | N/A | 9.3 | N/A | 1.6 | -58.5% |
| Germany | N/A | N/A | N/A | 0.2 | 0% |
| Russia | 0.1 | 0.1 | 1.2 | N/A | 246.4% |
| Switzerland | N/A | 0.7 | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | 0.3 | 0.1 | 0.0% |
| Total | 0.2 | 10.4 | 1.5 | 5.8 | 207.2% |
Top Suppliers of Ammonium Nitrate to South Africa in 2022:
- Norway (8.5K tons)
- Finland (1.8K tons)
- Germany (0.4K tons)
This report provides an in-depth analysis of the ammonium nitrate market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 4003 - Ammonium nitrate (AN)
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The exports of Ammonium Nitrate peaked at 199K tons in 2022, and then decreased in the following year. In terms of value, Ammonium Nitrate exports significantly decreased to $108M in 2023.
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