SADC: Ammonium Nitrate Market 2024

Ammonium Nitrate Market Size in SADC

In 2023, the SADC ammonium nitrate market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption enjoyed a resilient expansion. The level of consumption peaked in 2023 and is likely to see gradual growth in years to come.

Ammonium Nitrate Production in SADC

In value terms, ammonium nitrate production stood at $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Ammonium Nitrate Exports

Exports in SADC

In 2023, after two years of growth, there was significant decline in shipments abroad of ammonium nitrate, when their volume decreased by X% to X tons. Total exports indicated noticeable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, ammonium nitrate exports contracted remarkably to $X in 2023. In general, exports, however, posted a perceptible increase. The pace of growth was the most pronounced in 2022 when exports increased by X%. As a result, the exports attained the peak of $X, and then shrank rapidly in the following year.

Exports by Country

South Africa dominates exports structure, recording X tons, which was near X% of total exports in 2023. Tanzania (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Mauritius (X%). Zambia (X tons) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Tanzania (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. Zambia and Mauritius experienced a relatively flat trend pattern. From 2012 to 2023, the share of Tanzania increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest ammonium nitrate supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total exports. It was followed by Mauritius, with a X% share.

In South Africa, ammonium nitrate exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Tanzania (X% per year) and Mauritius (X% per year).

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, with a decrease of X% against the previous year. Export price indicated a modest increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ammonium nitrate export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the other leaders experienced more modest paces of growth.

Ammonium Nitrate Imports

Imports in SADC

In 2023, overseas purchases of ammonium nitrate increased by X% to X tons, rising for the third consecutive year after two years of decline. Total imports indicated a strong increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in years to come.

In value terms, ammonium nitrate imports reduced to $X in 2023. Over the period under review, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then shrank modestly in the following year.

Imports by Country

Zambia (X tons) and Zimbabwe (X tons) were the key importers of ammonium nitrate in 2023, finishing at approx. X% and X% of total imports, respectively. Mozambique (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Tanzania (X%), Democratic Republic of the Congo (X%), Namibia (X%), Botswana (X%) and South Africa (X%).

From 2012 to 2023, the biggest increases were recorded for Mozambique (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Zambia ($X), Zimbabwe ($X) and Mozambique ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Mozambique, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, waning by X% against the previous year. Overall, the import price, however, recorded a mild increase. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform