Turkey: Fertilizer Market 2024

Fertilizer Market Size in Turkey

The Turkish fertilizer market was estimated at $X in 2022, with an increase of X% against the previous year. In general, the total consumption indicated tangible growth 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Fertilizer Production in Turkey

In value terms, fertilizer production fell sharply to $X in 2022 estimated in export price. Over the period under review, production enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Fertilizer Exports

Exports from Turkey

In 2022, approx. X tons of fertilizers were exported from Turkey; jumping by X% against the previous year's figure. Overall, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, fertilizer exports skyrocketed to $X in 2022. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons), Italy (X tons) and Ireland (X tons) were the main destinations of fertilizer exports from Turkey, with a combined X% share of total exports. Iraq, the UK, Croatia, Bulgaria, Syrian Arab Republic, Tanzania, Ghana, Iran, Kenya and Spain lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for fertilizer exported from Turkey were Romania ($X), Iraq ($X) and Italy ($X), together comprising X% of total exports. Croatia, Ireland, Iran, Syrian Arab Republic, Bulgaria, Ghana, Spain, the UK, Kenya and Tanzania lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Ghana, with a CAGR of X%, recorded the highest growth rate of 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 average fertilizer export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price recorded a slight expansion. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Tanzania ($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 Ghana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into Turkey

In 2022, the amount of fertilizers imported into Turkey skyrocketed to X tons, rising by X% on 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, fertilizer imports soared to $X in 2022. In general, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

China (X tons), Oman (X tons) and Russia (X tons) were the main suppliers of fertilizer imports to Turkey, together comprising X% of total imports.

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

In value terms, Oman ($X) constituted the largest supplier of fertilizers to Turkey, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Oman stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Russia (X% per year).

Import Prices by Country

The average fertilizer import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, import price indicated modest 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, fertilizer import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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