SADC: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in SADC

In 2023, the SADC diammonium phosphate market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. The total consumption indicated perceptible growth from 2012 to 2023: its value 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, consumption increased by X% against 2017 indices. As a result, consumption reached the peak level of $X, and then shrank notably in the following year.

Diammonium Phosphate Production in SADC

In value terms, diammonium phosphate production rose slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Diammonium Phosphate Exports

Exports in SADC

In 2023, overseas shipments of diammonium phosphate increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, diammonium phosphate exports surged to $X in 2023. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2023, Tanzania (X tons) represented the largest exporter of diammonium phosphate, comprising X% of total exports. It was distantly followed by Swaziland (X tons) and Mozambique (X tons), together constituting a X% share of total exports. Namibia (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to diammonium phosphate exports from Tanzania stood at X%. At the same time, Namibia (X%), Mozambique (X%) and Swaziland (X%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. While the share of Tanzania (X p.p.), Mozambique (X p.p.) and Namibia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Swaziland (X p.p.) displayed negative dynamics.

In value terms, Tanzania ($X) emerged as the largest diammonium phosphate supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Mozambique ($X), with a X% share of total exports. It was followed by Swaziland, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Tanzania stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Mozambique (X% per year) and Swaziland (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced a decline in the export price figures.

Diammonium Phosphate Imports

Imports in SADC

In 2023, the amount of diammonium phosphate imported in SADC reduced notably to X tons, waning by X% against the previous year. Overall, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, diammonium phosphate imports contracted dramatically to $X in 2023. Over the period under review, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

In 2023, Tanzania (X tons) was the main importer of diammonium phosphate, creating X% of total imports. It was distantly followed by Zambia (X tons), Mozambique (X tons), Namibia (X tons) and Malawi (X tons), together achieving a X% share of total imports. Zimbabwe (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to diammonium phosphate imports into Tanzania stood at X%. At the same time, Namibia (X%), Mozambique (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. Malawi experienced a relatively flat trend pattern. By contrast, Zimbabwe (X%) illustrated a downward trend over the same period. While the share of Tanzania (X p.p.), Mozambique (X p.p.), Zambia (X p.p.) and Namibia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Malawi (X p.p.) and Zimbabwe (X p.p.) displayed negative dynamics.

In value terms, Tanzania ($X) constitutes the largest market for imported diammonium phosphate in SADC, comprising X% of total imports. The second position in the ranking was held by Zambia ($X), with a X% share of total imports. It was followed by Mozambique, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Tanzania stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Zambia (X% per year) and Mozambique (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, picking up by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Namibia ($X per ton) and Zambia ($X per ton), while Mozambique ($X per ton) and Malawi ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform