Jordan: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in Jordan

The Jordanian NPK fertilizer market stood at $X in 2022, with an increase of 6.9% against the previous year. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +12.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.1% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Npk Fertilizer Production in Jordan

In value terms, NPK fertilizer production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 141%. Production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Npk Fertilizer Exports

Exports from Jordan

In 2022, npk fertilizer exports from Jordan contracted sharply to X tons, reducing by -58.5% on the previous year. Overall, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 218%. Over the period under review, the exports hit record highs at X tons in 2021, and then fell notably in the following year.

In value terms, NPK fertilizer exports fell rapidly to $X in 2022. In general, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2019 when exports increased by 239% against the previous year. The exports peaked at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Iraq (X tons), Peru (X tons) and Egypt (X tons) were the main destinations of NPK fertilizer exports from Jordan, together comprising 47% of total exports. Chile, Yemen, Morocco, the United Arab Emirates, Qatar, Sudan, Tunisia, Algeria, India and Iran lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +207.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Peru ($X) and Egypt ($X) appeared to be the largest markets for NPK fertilizer exported from Jordan worldwide, with a combined 48% share of total exports. Chile, Yemen, Morocco, Qatar, Sudan, Tunisia, Algeria, India, Iran and the United Arab Emirates lagged somewhat behind, together comprising a further 42%.

Among the main countries of destination, Chile, with a CAGR of +194.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average NPK fertilizer export price stood at $X per ton in 2022, jumping by 53% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to the United Arab Emirates ($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 Qatar (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Npk Fertilizer Imports

Imports into Jordan

In 2022, after three years of growth, there was significant decline in purchases abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers, when their volume decreased by -47.4% to X tons. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 42%. Over the period under review, imports hit record highs at X tons in 2021, and then dropped notably in the following year.

In value terms, NPK fertilizer imports shrank markedly to $X in 2022. Overall, imports saw a mild curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 39% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons), Belgium (X tons) and Spain (X tons) were the main suppliers of NPK fertilizer imports to Jordan, together comprising 51% of total imports. The Netherlands, Turkey, Germany, the United States, Italy, the United Arab Emirates and France lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +16.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Belgium ($X) and Spain ($X) constituted the largest NPK fertilizer suppliers to Jordan, with a combined 51% share of total imports. The Netherlands, Turkey, Germany, the United States, Italy, the United Arab Emirates and France lagged somewhat behind, together accounting for a further 42%.

In terms of the main suppliers, Turkey, with a CAGR of +13.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average NPK fertilizer import price stood at $X per ton in 2022, rising by 45% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and the United States ($X per ton), while the price for Italy ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform