Turkey: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in Turkey

In 2021, the Turkish monoammonium phosphate market increased by 33% to $X, rising for the third year in a row after three years of decline. Overall, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +78.5% against 2018 indices. Monoammonium phosphate consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Monoammonium Phosphate Exports

Exports from Turkey

In 2022, the amount of monoammonium phosphate (MAP) exported from Turkey soared to X tons, jumping by 95% on the previous year. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 159%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, monoammonium phosphate exports skyrocketed to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 170% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Algeria (X tons) was the main destination for monoammonium phosphate exports from Turkey, accounting for a 81% share of total exports. Moreover, monoammonium phosphate exports to Algeria exceeded the volume sent to the second major destination, Azerbaijan (X tons), more than tenfold. The third position in this ranking was taken by Qatar (X tons), with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Algeria stood at +105.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+57.5% per year) and Qatar (+81.4% per year).

In value terms, Algeria ($X) emerged as the key foreign market for monoammonium phosphate (MAP) exports from Turkey, comprising 65% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 14% share of total exports. It was followed by Qatar, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Algeria stood at +139.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+63.4% per year) and Qatar (+68.3% per year).

Export Prices by Country

In 2022, the average monoammonium phosphate export price amounted to $X per ton, declining by -3.2% against the previous year. Over the period under review, the export price saw a deep setback. The pace of growth appeared the most rapid in 2020 when the average export price increased by 15% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+190.9%), while the prices for the other major destinations experienced more modest paces of growth.

Monoammonium Phosphate Imports

Imports into Turkey

In 2022, imports of monoammonium phosphate (MAP) into Turkey shrank dramatically to X tons, which is down by -41.5% against 2021 figures. In general, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. As a result, imports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, monoammonium phosphate imports surged to $X in 2022. Over the period under review, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 102%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Morocco (X tons), China (X tons) and Russia (X tons) were the main suppliers of monoammonium phosphate imports to Turkey, together comprising 95% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +27.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest monoammonium phosphate suppliers to Turkey were China ($X), Morocco ($X) and Russia ($X), together comprising 93% of total imports.

In terms of the main suppliers, China, with a CAGR of +30.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average monoammonium phosphate import price stood at $X per ton in 2022, surging by 104% against the previous year. Overall, the import price showed a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Tunisia ($X per ton) and Russia ($X per ton), while the price for Morocco ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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