Forecast: Import of Fertilizers to South Africa

In 2023, the import of fertilizers to South Africa stood at USD 615 million. The forecast for 2024 predicts an import value of USD 625.37 million, representing approximately a 1.7% year-on-year increase. The subsequent years predict continual growth: 2025 at USD 635.04 million (1.5% growth), 2026 at USD 644.51 million (1.5% growth), 2027 at USD 653.79 million (1.4% growth), and 2028 at USD 662.89 million (1.4% growth). The compounded annual growth rate (CAGR) over the five-year period from 2023 to 2028 is approximately 1.5%.

Future trends to watch for:

• Global fertilizer price fluctuations owing to market supply and demand dynamics.
• Policy changes in South Africa regarding agricultural imports and subsidies.
• Technological advancements in agriculture that could affect fertilizer demand.
• Environmental policies and sustainability practices impacting fertilizer use.