Iran: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Iran

The Iranian animal or vegetable fertilisers market rose slightly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Animal Or Vegetable Fertilisers in Iran

In value terms, animal or vegetable fertilisers production expanded to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Animal Or Vegetable Fertilisers

Exports from Iran

In 2022, after two years of growth, there was significant decline in overseas shipments of animal or vegetable fertilisers, when their volume decreased by X% to X tons. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, animal or vegetable fertilisers exports shrank to $X in 2022. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Qatar (X tons), Iraq (X tons) and Afghanistan (X tons) were the main destinations of animal or vegetable fertilisers exports from Iran, with a combined X% share of total exports. Armenia, Oman, Spain and Pakistan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for animal or vegetable fertilisers exported from Iran were Armenia ($X), Iraq ($X) and Afghanistan ($X), with a combined X% share of total exports. Qatar, Oman, Pakistan and Spain lagged somewhat behind, together comprising a further X%.

Oman, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average animal or vegetable fertilisers export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (X%), while the prices for the other major destinations experienced a decline.

Imports of Animal Or Vegetable Fertilisers

Imports into Iran

In 2022, purchases abroad of animal or vegetable fertilisers increased by X% to X tons for the first time since 2016, thus ending a five-year declining trend. Overall, imports, however, continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, animal or vegetable fertilisers imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy (X tons), South Korea (X tons) and Slovakia (X tons) were the main suppliers of animal or vegetable fertilisers imports to Iran, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, South Korea ($X) constituted the largest supplier of animal or vegetable fertilisers to Iran, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The average animal or vegetable fertilisers import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price, however, enjoyed significant growth. The growth pace was the most rapid in 2013 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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