MENA: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in MENA

In 2022, the MENA's NPK fertilizer market decreased by -19.6% to $X, falling for the third year in a row after two years of growth. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Npk Fertilizer Production in MENA

In value terms, NPK fertilizer production declined dramatically to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 34%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Npk Fertilizer Exports

Exports in MENA

In 2022, overseas shipments of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -40.1% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 107% against the previous year. The volume of export peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, NPK fertilizer exports declined to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 81%. As a result, the exports attained the peak of $X, and then reduced slightly in the following year.

Exports by Country

Morocco represented the main exporting country with an export of about X tons, which accounted for 63% of total exports. Turkey (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons), Saudi Arabia (X tons) and Israel (X tons). All these countries together took approx. 35% share of total exports.

Morocco was also the fastest-growing in terms of the mixed nitrogen, phosphorus and potassium (NPK) fertilizers exports, with a CAGR of +106.6% from 2012 to 2022. At the same time, Saudi Arabia (+37.4%), Turkey (+16.4%) and the United Arab Emirates (+12.4%) displayed positive paces of growth. By contrast, Israel (-1.8%) illustrated a downward trend over the same period. While the share of Morocco (+63 p.p.) and Saudi Arabia (+5.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (-7.9 p.p.), the United Arab Emirates (-11.1 p.p.) and Israel (-48.3 p.p.) displayed negative dynamics.

In value terms, Morocco ($X) remains the largest NPK fertilizer supplier in MENA, comprising 57% of total exports. The second position in the ranking was held by Turkey ($X), with a 14% share of total exports. It was followed by Israel, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Morocco totaled +94.9%. In the other countries, the average annual rates were as follows: Turkey (+18.1% per year) and Israel (-0.7% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, with an increase of 61% against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Turkey (+1.5%), while the other leaders experienced mixed trends in the export price figures.

Npk Fertilizer Imports

Imports in MENA

In 2022, approx. X tons of mixed nitrogen, phosphorus and potassium (NPK) fertilizers were imported in MENA; waning by -5.8% on 2021. In general, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 74% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, NPK fertilizer imports surged to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.7% 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 +57.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Algeria (X tons), Turkey (X tons) and Egypt (X tons) represented roughly 70% of total imports in 2022. It was distantly followed by Iraq (X tons) and the United Arab Emirates (X tons), together making up an 11% share of total imports. The following importers - Lebanon (X tons) and Syrian Arab Republic (X tons) - each resulted at a 4.9% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Egypt (with a CAGR of +32.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Egypt ($X) and Algeria ($X) constituted the countries with the highest levels of imports in 2022, with a combined 71% share of total imports.

Egypt, with a CAGR of +35.5%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, growing by 34% against the previous year. Over the period under review, the import price showed a slight expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform