Middle East: Market for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers 2024

Market Size for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in the Middle East

The Middle Eastern market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers shrank significantly to $X in 2022, dropping by -32.8% against the previous year. In general, consumption continues to indicate a slight curtailment. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in the Middle East

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers rose to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 9.8% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth failed to regain momentum.

Exports of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers

Exports in the Middle East

In 2022, the amount of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exported in the Middle East surged to X tons, jumping by 73% on the year before. In general, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers soared to $X in 2022. Over the period under review, exports showed temperate growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Jordan dominates fertilisers structure, recording X tons, which was near 89% of total exports in 2022. It was distantly followed by Israel (X tons), generating a 9.9% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exports from Jordan stood at +4.4%. At the same time, Israel (+77.5%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +77.5% from 2012-2022. From 2012 to 2022, the share of Israel increased by +9.8 percentage points.

In value terms, Jordan ($X) remains the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier in the Middle East, comprising 98% of total exports. The second position in the ranking was held by Israel ($X), with a 0.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Jordan stood at +4.7%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, reducing by -15.2% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 27% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 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 Jordan ($X per ton), while Israel stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+0.3%).

Imports of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers

Imports in the Middle East

In 2022, after three years of growth, there was significant decline in overseas purchases of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, when their volume decreased by -46.1% to X tons. Overall, imports continue to indicate a slight downturn. The growth pace was the most rapid in 2014 when imports increased by 29% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then shrank markedly in the following year.

In value terms, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers fell sharply to $X in 2022. In general, imports saw a noticeable curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 29%. Over the period under review, imports of reached the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main importer of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, comprising 37% of total imports. Turkey (X tons) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by Israel (15%), Lebanon (8.2%), Bahrain (6.5%), Oman (4.8%) and Yemen (4.7%).

From 2012 to 2022, average annual rates of growth with regard to carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers imports into the United Arab Emirates stood at +3.1%. At the same time, Bahrain (+63.6%), Israel (+51.1%), Turkey (+37.7%), Oman (+18.0%), Yemen (+5.5%) and Lebanon (+3.1%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +63.6% from 2012-2022. Turkey (+18 p.p.), Israel (+15 p.p.), the United Arab Emirates (+14 p.p.), Bahrain (+6.4 p.p.), Oman (+4 p.p.), Lebanon (+3.1 p.p.) and Yemen (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2022, together comprising 80% of total imports. Lebanon, Oman, Yemen and Bahrain lagged somewhat behind, together accounting for a further 16%.

Bahrain, with a CAGR of +42.8%, 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

The import price in the Middle East stood at $X per ton in 2022, picking up by 22% against the previous year. In general, the import price, however, saw a slight downturn. The most prominent rate of growth was recorded in 2013 an increase of 28%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 Lebanon (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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