Middle East: Phosphatic Fertilizer Market 2024

Phosphatic Fertilizer Market Size in the Middle East

In 2022, the Middle Eastern phosphatic fertilizer market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a noticeable descent. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Phosphatic Fertilizer Production in the Middle East

In value terms, phosphatic fertilizer production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Phosphatic Fertilizer Exports

Exports in the Middle East

In 2022, approx. X tons of phosphatic fertilizers were exported in the Middle East; reducing by X% compared with the previous year. Total exports indicated a pronounced increase from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, phosphatic fertilizer exports skyrocketed to $X in 2022. Overall, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Israel was the key exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Lebanon (X tons), achieving a X% share of total exports. The following exporters - Jordan (X tons) and Turkey (X tons) - each reached a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to phosphatic fertilizer exports from Israel stood at X%. At the same time, Turkey (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. Jordan experienced a relatively flat trend pattern. By contrast, Lebanon (X%) illustrated a downward trend over the same period. While the share of Israel (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Lebanon (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) remains the largest phosphatic fertilizer supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Lebanon ($X), with a X% share of total exports. It was followed by Jordan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Israel totaled X%. In the other countries, the average annual rates were as follows: Lebanon (X% per year) and Jordan (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, rising by X% against the previous year. Export price indicated measured growth 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, phosphatic fertilizer export price increased by X% against 2020 indices. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Turkey ($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 (X%), while the other leaders experienced more modest paces of growth.

Phosphatic Fertilizer Imports

Imports in the Middle East

In 2022, approx. X tons of phosphatic fertilizers were imported in the Middle East; with a decrease of X% against 2021. In general, imports, however, enjoyed modest growth. The growth pace was the most rapid in 2017 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, phosphatic fertilizer imports reduced remarkably to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 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 was the key importer of phosphatic fertilizers in the Middle East, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Turkey (X tons) took the second position in the ranking, distantly followed by Syrian Arab Republic (X tons) and Iraq (X tons). All these countries together took approx. X% share of total imports. Palestine (X tons) followed a long way behind the leaders.

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 the Middle East, with a CAGR of X% from 2012-2022. Turkey (X p.p.), Syrian Arab Republic (X p.p.), Iraq (X p.p.) and Palestine (X p.p.) significantly strengthened its position in terms of the total imports, while Iran saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual growth rate of value in Iran totaled X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Iraq (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price recorded a pronounced reduction. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked 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 Iran ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform