Middle East: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in the Middle East

In 2022, after two years of decline, there was significant growth in the Middle Eastern potassic fertilizer market, when its value increased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Potassic Fertilizer Production in the Middle East

In value terms, potassic fertilizer production shrank modestly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt decline. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Potassic Fertilizer Exports

Exports in the Middle East

In 2022, approx. X tons of potassic fertilizers were exported in the Middle East; with a decrease of X% on 2021. In general, exports recorded a mild shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then contracted notably in the following year.

In value terms, potassic fertilizer exports reduced sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell sharply in the following year.

Exports by Country

In 2022, Turkey (X tons) and Saudi Arabia (X tons) represented the key exporters of potassic fertilizers in the Middle East, together reaching near X% of total exports. The United Arab Emirates (X tons) held the next position in the ranking, distantly followed by Iran (X tons). All these countries together held near X% share of total exports. The following exporters - Jordan (X tons), Israel (X tons) and Oman (X tons) - together made up X% of total exports.

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

In value terms, Turkey ($X) emerged as the largest potassic fertilizer supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, potassic fertilizer exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (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, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained 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 Jordan ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Potassic Fertilizer Imports

Imports in the Middle East

In 2022, potassic fertilizer imports in the Middle East skyrocketed to X tons, increasing by X% against the previous year. Over the period under review, imports posted prominent growth. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, potassic fertilizer imports surged to $X in 2022. Total imports indicated a pronounced 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 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

Turkey represented the largest importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Saudi Arabia (X tons), Iran (X tons) and the United Arab Emirates (X tons), together mixing up a X% share of total imports. Oman (X tons) and Qatar (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to potassic fertilizer imports into Turkey stood at X%. At the same time, Qatar (X%), Saudi Arabia (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Iran and Oman experienced a relatively flat trend pattern. From 2012 to 2022, the share of Turkey, Saudi Arabia and Qatar increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, potassic fertilizer 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: Iran (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, showed a perceptible descent. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Iran ($X per ton) and the United Arab Emirates ($X per ton), while Oman ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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