MENA: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in MENA

In 2022, after five years of growth, there was significant decline in the MENA's animal or vegetable fertilisers market, when its value decreased by X% to $X. In general, consumption, however, enjoyed prominent growth. The level of consumption peaked at $X in 2021, and then declined in the following year.

Production of Animal Or Vegetable Fertilisers in MENA

In value terms, animal or vegetable fertilisers production fell to $X in 2022 estimated in export price. Over the period under review, production, however, posted resilient growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Animal Or Vegetable Fertilisers

Exports in MENA

For the fourth consecutive year, MENA recorded growth in shipments abroad of animal or vegetable fertilisers, which increased by X% to X tons in 2022. In general, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, animal or vegetable fertilisers exports shrank to $X in 2022. Over the period under review, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Turkey was the key exporting country with an export of about X tons, which recorded X% of total exports. Saudi Arabia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Egypt (X%). Israel (X tons), the United Arab Emirates (X tons) and Lebanon (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Egypt (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest animal or vegetable fertilisers supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

In Turkey, animal or vegetable fertilisers exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, dropping by X% against the previous year. In general, the export price, however, recorded notable growth. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Animal Or Vegetable Fertilisers

Imports in MENA

In 2022, overseas purchases of animal or vegetable fertilisers increased by X% to X tons, rising for the fourth year in a row after four years of decline. In general, imports, however, recorded a mild slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, animal or vegetable fertilisers imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by X% 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

The countries with the highest levels of animal or vegetable fertilisers imports in 2022 were Syrian Arab Republic (X tons), Turkey (X tons), the United Arab Emirates (X tons), Algeria (X tons), Lebanon (X tons), Oman (X tons), Bahrain (X tons), Libya (X tons), Saudi Arabia (X tons) and Israel (X tons), together recording X% of total import.

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

In value terms, Turkey ($X) constitutes the largest market for imported animal or vegetable fertilisers in MENA, comprising X% of total imports. The second position in the ranking was taken by Algeria ($X), with an X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Algeria (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform