Jordan: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in Jordan

The Jordanian potassic fertilizer market stood at $X in 2022, flattening at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Potassic fertilizer consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Potassic Fertilizer Production in Jordan

In value terms, potassic fertilizer production declined modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Potassic fertilizer production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Potassic Fertilizer Exports

Exports from Jordan

In 2022, approx. X tons of potassic fertilizers were exported from Jordan; which is down by X% on the previous year. In general, exports recorded a abrupt slump. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, potassic fertilizer exports reduced to $X in 2022. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Sudan (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) were the main destinations of potassic fertilizer exports from Jordan, with a combined X% share of total exports. Pakistan, Free Zones, Tunisia, Libya, Algeria and Oman lagged somewhat behind, together accounting for a further X%.

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

In value terms, Sudan ($X), Saudi Arabia ($X) and Pakistan ($X) appeared to be the largest markets for potassic fertilizer exported from Jordan worldwide, together accounting for X% of total exports.

Sudan, with a CAGR of X%, saw 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

The average potassic fertilizer export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

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

Potassic Fertilizer Imports

Imports into Jordan

In 2022, purchases abroad of potassic fertilizers decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, potassic fertilizer imports reduced remarkably to $X in 2022. Over the period under review, imports, however, recorded pronounced growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of potassic fertilizer to Jordan, with a X% share of total imports. Moreover, potassic fertilizer imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Egypt (X tons), threefold. The third position in this ranking was taken by Sweden (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Sweden (X% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of potassic fertilizers to Jordan, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Sweden (X% per year).

Import Prices by Country

The average potassic fertilizer import price stood at $X per ton in 2022, growing by X% against the previous year. In general, import price indicated a moderate expansion 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, potassic fertilizer import price increased by X% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Sweden ($X per ton) and Saudi Arabia ($X per ton), while the price for Germany ($X per ton) and Egypt ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform