Jordan: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Jordan

The Jordanian mixed fertilizer market skyrocketed to $X in 2022, with an increase of 28% against the previous year. Overall, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +33.8% against 2019 indices. Mixed fertilizer consumption peaked in 2022 and is likely to continue growth in the near future.

Mixed Fertilizer Production in Jordan

In value terms, mixed fertilizer production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 46% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Mixed Fertilizer Exports

Exports from Jordan

In 2022, approx. X tons of mixed fertilizers were exported from Jordan; waning by -53.3% against the year before. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 298% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mixed fertilizer exports fell remarkably to $X in 2022. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 197% against the previous year. The exports peaked at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

Australia (X tons), Argentina (X tons) and Japan (X tons) were the main destinations of mixed fertilizer exports from Jordan, together comprising 60% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +98.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mixed fertilizer exported from Jordan were Australia ($X), Argentina ($X) and Japan ($X), with a combined 62% share of total exports.

Japan, with a CAGR of +110.2%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 mixed fertilizer export price amounted to $X per ton, jumping by 63% against the previous year. Overall, the export price saw a modest increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 65%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Sudan ($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 the United States (+101.5%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Fertilizer Imports

Imports into Jordan

In 2022, purchases abroad of mixed fertilizers decreased by -43.5% to X tons, falling for the second year in a row after two years of growth. Overall, imports recorded a mild setback. The most prominent rate of growth was recorded in 2020 with an increase of 45% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, mixed fertilizer imports dropped to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 37% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest mixed fertilizer supplier to Jordan, accounting for a 36% share of total imports. Moreover, mixed fertilizer imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+8.8% per year) and Belgium (-0.4% per year).

In value terms, China ($X) constituted the largest supplier of mixed fertilizers to Jordan, comprising 38% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 15% share of total imports. It was followed by Belgium, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+4.5% per year) and Belgium (-2.7% per year).

Import Prices by Country

In 2022, the average mixed fertilizer import price amounted to $X per ton, increasing by 52% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Italy ($X per ton), while the price for the United Arab Emirates ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform