South Africa - Nitrates of Potassium - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSouth Africa: Potassium Nitrate Market 2024
Potassium Nitrate Market Size in South Africa
In 2023, the South African potassium nitrate market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption showed slight growth. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.
Potassium Nitrate Production in South Africa
In value terms, potassium nitrate production skyrocketed to $X in 2023 estimated in export price. In general, production, however, saw a precipitous decline. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.
Potassium Nitrate Exports
Exports from South Africa
In 2023, overseas shipments of potassium nitrates decreased by X% to X tons, falling for the second consecutive year after four years of growth. Overall, exports showed a abrupt setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, potassium nitrate exports contracted sharply to $X in 2023. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.
Exports by Country
Zambia (X tons) was the main destination for potassium nitrate exports from South Africa, with a X% share of total exports. Moreover, potassium nitrate exports to Zambia exceeded the volume sent to the second major destination, Namibia (X tons), threefold. Angola (X tons) ranked third in terms of total exports with a X% share.
From 2012 to 2023, the average annual growth rate of volume to Zambia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Angola (X% per year).
In value terms, Zambia ($X) emerged as the key foreign market for potassium nitrates exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Namibia ($X), with a X% share of total exports. It was followed by Angola, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value to Zambia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Angola (X% per year).
Export Prices by Country
In 2023, the average potassium nitrate export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X%. Over the period under review, the average export prices reached the maximum in 2023 and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Botswana ($X per ton), while the average price for exports to Zambia ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (X%), while the prices for the other major destinations experienced more modest paces of growth.
Potassium Nitrate Imports
Imports into South Africa
After three years of decline, supplies from abroad of potassium nitrates increased by X% to X tons in 2023. Overall, imports, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.
In value terms, potassium nitrate imports skyrocketed to $X in 2023. In general, imports enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked in 2023 and are likely to see gradual growth in the near future.
Imports by Country
In 2023, Chile (X tons) constituted the largest potassium nitrate supplier to South Africa, accounting for a X% share of total imports. Moreover, potassium nitrate imports from Chile exceeded the figures recorded by the second-largest supplier, Jordan (X tons), fourfold. The third position in this ranking was held by Israel (X tons), with a X% share.
From 2012 to 2023, the average annual growth rate of volume from Chile totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (X% per year) and Israel (X% per year).
In value terms, Chile ($X) constituted the largest supplier of potassium nitrates to South Africa, comprising X% of total imports. The second position in the ranking was taken by Jordan ($X), with a X% share of total imports. It was followed by Israel, with a X% share.
From 2012 to 2023, the average annual growth rate of value from Chile totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (X% per year) and Israel (X% per year).
Import Prices by Country
The average potassium nitrate import price stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the import price saw a resilient expansion. The growth pace was the most rapid in 2022 an increase of X%. Over the period under review, average import prices reached the maximum in 2023 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the prices for the other major suppliers experienced mixed trend patterns.
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This report provides an in-depth analysis of the potassium 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 4025 - Potassium nitrate
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
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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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