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Sub-Saharan Africa Ammonium Nitrate Market Size, Share: By Application: Explosives, Fertiliser, Others; By End Use: Mining, Defence, Agriculture, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Price Analysis; Competitive Landscape; 2024-2032
Sub-Saharan Africa Ammonium Nitrate Market Outlook
The Sub-Saharan Africa ammonium nitrate market size was approximately 1,575.7 KMT in 2023. The market is projected to grow at a CAGR of 3.1% between 2024 and 2032, reaching a volume of around 2,067.9 KMT by 2032.
Key Takeaways
- The rising demand for ammonium nitrate for manufacturing fertilisers is a key driver behind the market expansion.
- The Sub-Saharan Africa ammonium nitrate market share is increasing due to the growing adoption of green ammonia as a key component for ammonium nitrate.
- Since ammonium nitrate forms a part of mining explosives, its demand is rising from mineral-rich Sub-Saharan African countries, including Nigeria, South Africa, and Ghana.
In the agriculture sector, ammonium nitrate (AN) serves as a nitrogen-rich fertiliser. It is also employed as one of the ingredients in a variety of mining and military explosives that are combined with fuel oil and set off by an explosive charge.
Based on application, the fertiliser segment dominates the Sub-Saharan Africa ammonium nitrate market share. According to the United Nations, the population of Africa is projected to reach 2.5 billion by 2050. The expanding population in Sub-Saharan Africa is raising the demand for food, aiding the market for ammonium nitrate as a fertiliser.
Smallholder farmers are the backbone of the African economy. According to the Food and Agriculture Organisation (FAO) of the United Nations, over 70% of agricultural production in Sub-Saharan Africa is produced by smallholder farmers.
Ammonium nitrate is also employed as an oxidising agent in mining explosives. Around 30% of the world's mineral reserves are found in Sub-Saharan Africa, which creates market demand for ammonium nitrate. Its demand is rising to mine minerals, including iron, lithium, and chromium, crucial in producing clean technology.
As per the Sub-Saharan Africa ammonium nitrate market analysis, South Africa is expected to maintain its dominance as the country has the largest agricultural land in the African continent, which subsequently drives the product demand from the agriculture sector.
Market Segmentation
“Sub-Saharan Africa Ammonium Nitrate Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
| Market Breakup | Categories |
| Application | Explosives, Fertiliser, Others |
| End Use | Mining, Defence, Agriculture, Others |
| Country | South Africa, Zimbabwe, Zambia, Nigeria, Kenya, Ghana, Tanzania, Nigeria, Others |
Competitive Landscape
The market players are focusing on adopting sustainable production practices, further increasing their partnerships and acquisition efforts to strengthen their market presence.
• Sasol Limited
• Associated Chemical Enterprises (Pty) Ltd.
• Omnia Holdings Limited
• Kynoch Fertilizer
• Nitrogen Chemicals of Zambia Limited
• Foskor (Pty) Ltd
• Yara Africa Fertilizer (PTY) LTD
• Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Sub-Saharan Africa Ammonium Nitrate Market Analysis
8.1 Key Industry Highlights
8.2 Sub-Saharan Africa Ammonium Nitrate Historical Market (2018-2023)
8.3 Sub-Saharan Africa Ammonium Nitrate Market Forecast (2024-2032)
8.4 Sub-Saharan Africa Ammonium Nitrate Market by Application
8.4.1 Explosives
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Fertiliser
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Sub-Saharan Africa Ammonium Nitrate Market by End Use
8.5.1 Mining
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Defence
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Agriculture
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Sub-Saharan Africa Ammonium Nitrate Market by Country
8.6.1 South Africa
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Zimbabwe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Zambia
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Nigeria
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Kenya
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Ghana
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Tanzania
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.6.8 Nigeria
8.6.8.1 Historical Trend (2018-2023)
8.6.8.2 Forecast Trend (2024-2032)
8.6.9 Others
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyer’s Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Value Chain Analysis
11 Trade Data Analysis (HS Code - 310230)
11.1 Major Importing Countries
11.1.1 By Volume
11.1.2 By Value
11.2 Major Exporting Countries
11.2.1 By Volume
11.2.2 By Value
12 Price Analysis
13 Production Cost Structure
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Sasol Limited
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Associated Chemical Enterprises (Pty) Ltd.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Omnia Holdings Limited
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Kynoch Fertilizer
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Nitrogen Chemicals of Zambia Limited
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Foskor (Pty) Ltd
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Yara Africa Fertilizer (PTY) LTD
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Sub-Saharan Africa Ammonium Nitrate Market: Key Industry Highlights, 2018 and 2032
2. Sub-Saharan Africa Ammonium Nitrate Historical Market: Breakup by Application (KMT), 2018-2023
3. Sub-Saharan Africa Ammonium Nitrate Market Forecast: Breakup by Application (KMT), 2024-2032
4. Sub-Saharan Africa Ammonium Nitrate Historical Market: Breakup by End Use (KMT), 2018-2023
5. Sub-Saharan Africa Ammonium Nitrate Market Forecast: Breakup by End Use ( KMT), 2024-2032
6. Major Exporting Countries by Value
7. Major Importing Countries by Value
8. Major Exporting Countries by Volume
9. Major Importing Countries by Volume
10. Sub-Saharan Africa Ammonium Nitrate Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of 1,575.7 KMT.
The market is projected to grow at a CAGR of 3.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around 2,067.9 KMT by 2032.
The market is driven by the wide use of ammonium nitrate in the agriculture and mining sectors.
The key trends aiding the market expansion include increasing food demand due to population growth and the adoption of green ammonia as a key component for ammonium nitrate.
The major applications of ammonium nitrate are explosives, and fertiliser, among others.
The major end uses in the market are mining, defence, and agriculture, among others.
The key players in the market are Sasol Limited, Associated Chemical Enterprises (Pty) Ltd., Omnia Holdings Limited, Kynoch Fertilizer, Nitrogen Chemicals of Zambia Limited, Foskor (Pty) Ltd, and Yara Africa Fertilizer (PTY) LTD, among others.
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