Middle East: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in the Middle East

After five years of growth, the Middle Eastern animal or vegetable fertilisers market decreased by X% to $X in 2022. Overall, consumption, however, recorded resilient growth. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Production of Animal Or Vegetable Fertilisers in the Middle East

In value terms, animal or vegetable fertilisers production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, posted a strong expansion. The growth pace was the most rapid in 2021 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 stood at a somewhat lower figure.

Exports of Animal Or Vegetable Fertilisers

Exports in the Middle East

In 2022, shipments abroad of animal or vegetable fertilisers increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports posted a strong increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, animal or vegetable fertilisers exports rose notably to $X in 2022. Over the period under review, exports posted resilient growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Turkey (X tons) represented the largest exporter of animal or vegetable fertilisers, constituting X% of total exports. It was distantly followed by Saudi Arabia (X tons), making up a X% share of total exports. The following exporters - Israel (X tons), the United Arab Emirates (X tons) and Lebanon (X tons) - together made up X% 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 Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

In Turkey, animal or vegetable fertilisers exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price, however, saw a tangible increase. The growth pace was 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.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 a decline in the export price figures.

Imports of Animal Or Vegetable Fertilisers

Imports in the Middle East

In 2022, overseas purchases of animal or vegetable fertilisers increased by X% to X tons, rising for the second year in a row after six years of decline. Overall, imports, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure 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 skyrocketed 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 pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Syrian Arab Republic (X tons), Turkey (X tons), the United Arab Emirates (X tons), Lebanon (X tons), Oman (X tons), Bahrain (X tons), Saudi Arabia (X tons) and Israel (X tons) represented roughly X% of total imports in 2022.

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

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

In Turkey, animal or vegetable fertilisers imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, picking up by X% against the previous year. Import price indicated a prominent increase 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. As a result, import price reached 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 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 Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :