MENA: Phosphatic Fertilizer Market 2024

Phosphatic Fertilizer Market Size in MENA

After two years of decline, the MENA's phosphatic fertilizer market increased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate a pronounced decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Phosphatic Fertilizer Production in MENA

In value terms, phosphatic fertilizer production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced reduction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Phosphatic Fertilizer Exports

Exports in MENA

In 2022, phosphatic fertilizer exports in MENA contracted modestly to X tons, with a decrease of X% against 2021. The total export volume 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 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, phosphatic fertilizer exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

In 2022, Morocco (X tons) and Israel (X tons) represented the key exporters of phosphatic fertilizers in MENA, together creating X% of total exports. Egypt (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Tunisia (X%) and Lebanon (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Israel (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest phosphatic fertilizer supplying countries in MENA were Morocco ($X), Israel ($X) and Egypt ($X), together comprising X% of total exports.

Egypt, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price recorded a moderate increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Lebanon ($X per ton) and Tunisia ($X per ton), while Israel ($X per ton) and Morocco ($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 (X%), while the other leaders experienced more modest paces of growth.

Phosphatic Fertilizer Imports

Imports in MENA

In 2022, phosphatic fertilizer imports in MENA contracted notably to X tons, dropping by X% compared with the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, phosphatic fertilizer imports declined dramatically to $X in 2022. Overall, imports saw a slight shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Iran represented the major importing country with an import of around X tons, which recorded X% of total imports. Turkey (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Syrian Arab Republic (X%) and Iraq (X%). Algeria (X tons) and Palestine (X tons) held a relatively small share of total imports.

Iran experienced a relatively flat trend pattern with regard to volume of imports of phosphatic fertilizers. At the same time, Syrian Arab Republic (X%), Palestine (X%), Turkey (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Algeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Syrian Arab Republic and Iraq increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iran ($X) constitutes the largest market for imported phosphatic fertilizers in MENA, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Algeria, with a X% share.

In Iran, phosphatic fertilizer imports plunged by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Algeria (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform