Middle East: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in the Middle East

The Middle Eastern NPK fertilizer market declined markedly to $X in 2022, dropping by -47.4% against the previous year. Over the period under review, consumption continues to indicate a pronounced curtailment. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Npk Fertilizer Production in the Middle East

In value terms, NPK fertilizer production declined markedly to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable reduction. The pace of growth appeared the most rapid in 2019 when the production volume increased by 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2021, and then dropped remarkably in the following year.

Npk Fertilizer Exports

Exports in the Middle East

In 2022, overseas shipments of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -4.4% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 61%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, NPK fertilizer exports soared to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +107.7% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of 24% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

The biggest shipments were from Turkey (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons) and Israel (X tons), together reaching 97% of total export. Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Saudi Arabia (with a CAGR of +37.4%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Israel ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 78% share of total exports. Saudi Arabia and Jordan lagged somewhat behind, together accounting for a further 21%.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of +27.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, rising by 24% against the previous year. In general, the export price, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2014 when the export price increased by 24% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 Jordan (+2.4%), while the other leaders experienced more modest paces of growth.

Npk Fertilizer Imports

Imports in the Middle East

In 2022, approx. X tons of mixed nitrogen, phosphorus and potassium (NPK) fertilizers were imported in the Middle East; with a decrease of -24.9% against the previous year's figure. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 109%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, NPK fertilizer imports reached $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +35.3% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 32%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) was the key importer of mixed nitrogen, phosphorus and potassium (NPK) fertilizers, creating 49% of total imports. Iraq (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons), Lebanon (X tons) and Syrian Arab Republic (X tons). All these countries together took approx. 31% share of total imports. The following importers - Oman (X tons), Jordan (X tons), Yemen (X tons) and Iran (X tons) - together made up 12% of total imports.

From 2012 to 2022, average annual rates of growth with regard to NPK fertilizer imports into Turkey stood at +4.8%. At the same time, the United Arab Emirates (+22.8%), Syrian Arab Republic (+18.9%), Iraq (+18.6%), Yemen (+14.3%), Oman (+11.1%) and Iran (+4.8%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +22.8% from 2012-2022. Jordan experienced a relatively flat trend pattern. By contrast, Lebanon (-4.1%) illustrated a downward trend over the same period. While the share of Iraq (+8.1 p.p.), the United Arab Emirates (+7.7 p.p.), Syrian Arab Republic (+3.4 p.p.) and Oman (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Jordan (-2.3 p.p.), Turkey (-3.8 p.p.) and Lebanon (-8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported mixed nitrogen, phosphorus and potassium (NPK) fertilizers in the Middle East, comprising 56% of total imports. The second position in the ranking was taken by Iraq ($X), with a 7.3% share of total imports. It was followed by the United Arab Emirates, with a 6.2% share.

In Turkey, NPK fertilizer imports expanded at an average annual rate of +9.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iraq (+13.2% per year) and the United Arab Emirates (+14.1% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, rising by 43% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Iran ($X per ton), while Iraq ($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 a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :