Iraq: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Iraq

In 2022, the Iraqi animal or vegetable fertilisers market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a pronounced increase. Animal or vegetable fertilisers consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Animal Or Vegetable Fertilisers

Exports from Iraq

In 2022, shipments abroad of animal or vegetable fertilisers was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a prominent increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, animal or vegetable fertilisers exports stood at $X in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for animal or vegetable fertilisers exports from Iraq, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey amounted to X%.

In value terms, Turkey ($X) also remains the key foreign market for animal or vegetable fertilisers exports from Iraq.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to X%.

Export Prices by Country

In 2022, the average animal or vegetable fertilisers export price amounted to $X per ton, shrinking by X% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, animal or vegetable fertilisers export price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then reduced notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to X% per year.

Imports of Animal Or Vegetable Fertilisers

Imports into Iraq

In 2022, supplies from abroad of animal or vegetable fertilisers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, animal or vegetable fertilisers imports soared to $X in 2022. In general, imports, however, posted a notable increase. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), Iran (X tons) and the Netherlands (X tons) were the main suppliers of animal or vegetable fertilisers imports to Iraq, with a combined X% share of total imports. Egypt, Italy, Saudi Arabia, Belgium and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of animal or vegetable fertilisers to Iraq, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Saudi Arabia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The average animal or vegetable fertilisers import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 Italy ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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