Africa: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in Africa

The African monoammonium phosphate market skyrocketed to $X in 2023, picking up by X% against the previous year. The market 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. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the near future.

Monoammonium Phosphate Production in Africa

In value terms, monoammonium phosphate production totaled $X in 2023 estimated in export price. The total production indicated temperate growth from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Monoammonium Phosphate Exports

Exports in Africa

In 2023, overseas shipments of monoammonium phosphate (MAP) decreased by X% to X tons, falling for the second year in a row after six years of growth. In general, exports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, monoammonium phosphate exports declined sharply to $X in 2023. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Morocco dominates exports structure, reaching X tons, which was near X% of total exports in 2023. Egypt (X tons), Tunisia (X tons) and Mauritius (X tons) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to monoammonium phosphate exports from Morocco stood at X%. At the same time, Mauritius (X%), Egypt (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. While the share of Egypt (X p.p.) and Mauritius (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Morocco (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) remains the largest monoammonium phosphate supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

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

Export Prices by Country

The export price in Africa stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then contracted slightly in the following year.

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

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

Monoammonium Phosphate Imports

Imports in Africa

In 2023, monoammonium phosphate imports in Africa soared to X tons, increasing by X% compared with the previous year's figure. Total imports indicated resilient growth 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 decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, monoammonium phosphate imports reduced markedly to $X in 2023. Over the period under review, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2022, and then shrank markedly in the following year.

Imports by Country

In 2023, South Africa (X tons) was the key importer of monoammonium phosphate (MAP), mixing up X% of total imports. It was distantly followed by Zimbabwe (X tons), Zambia (X tons), Mozambique (X tons), Mali (X tons) and Algeria (X tons), together generating a X% share of total imports. Egypt (X tons) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to monoammonium phosphate imports into South Africa stood at X%. At the same time, Mozambique (X%), Zimbabwe (X%), Egypt (X%), Zambia (X%) and Algeria (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, Mali (X%) illustrated a downward trend over the same period. While the share of Zimbabwe (X p.p.), Mozambique (X p.p.) and Egypt (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of South Africa (X p.p.) and Mali (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported monoammonium phosphate (MAP) in Africa, comprising X% of total imports. The second position in the ranking was held by Zimbabwe ($X), with a X% share of total imports. It was followed by Zambia, with a X% share.

In South Africa, monoammonium phosphate imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Zimbabwe (X% per year) and Zambia (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Zimbabwe ($X per ton), while Mali ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform