MENA: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in MENA

The MENA's potassic fertilizer market expanded rapidly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Potassic Fertilizer Production in MENA

In value terms, potassic fertilizer production fell to $X in 2022 estimated in export price. In general, production, however, saw a deep contraction. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Potassic Fertilizer Exports

Exports in MENA

In 2022, the amount of potassic fertilizers exported in MENA shrank dramatically to X tons, with a decrease of X% compared with the previous year's figure. Over the period under review, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then contracted rapidly in the following year.

In value terms, potassic fertilizer exports expanded markedly to $X in 2022. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Egypt prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. Turkey (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Morocco (X%) and Saudi Arabia (X%). The United Arab Emirates (X tons) followed a long way behind the leaders.

Exports from Egypt increased at an average annual rate of X% from 2012 to 2022. At the same time, Morocco (X%), Saudi Arabia (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Egypt (X p.p.), Turkey (X p.p.), Morocco (X p.p.) and Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual growth rate of value in Egypt amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Morocco (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, growing by X% against the previous year. Export price indicated a strong 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 export price increased by X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Potassic Fertilizer Imports

Imports in MENA

In 2022, the amount of potassic fertilizers imported in MENA expanded sharply to X tons, with an increase of X% on the year before. Over the period under review, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, potassic fertilizer imports soared to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Morocco (X tons) and Turkey (X tons) prevails in imports structure, together mixing up X% of total imports. It was distantly followed by Saudi Arabia (X tons) and Iran (X tons), together comprising a X% share of total imports. The United Arab Emirates (X tons), Egypt (X tons) and Oman (X tons) took a little share of total imports.

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

In value terms, Morocco ($X), Turkey ($X) and Iran ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Morocco, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the import price in MENA amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, showed a perceptible downturn. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Oman ($X per ton) was 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 a decline in the import price figures.

Source: IndexBox Platform