United Arab Emirates: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in the United Arab Emirates

In 2022, the NPK fertilizer market in the United Arab Emirates was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, faced a deep setback. Consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Npk Fertilizer Production in the United Arab Emirates

In value terms, NPK fertilizer production reduced to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced slump. The growth pace was the most rapid in 2019 when the production volume increased by 47%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Npk Fertilizer Exports

Exports from the United Arab Emirates

In 2022, the amount of mixed nitrogen, phosphorus and potassium (NPK) fertilizers exported from the United Arab Emirates dropped to X tons, falling by -10% compared with 2021 figures. Overall, exports, however, posted prominent growth. The growth pace was the most rapid in 2017 with an increase of 148%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, NPK fertilizer exports contracted to $X in 2022. In general, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2017 when exports increased by 93% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Myanmar (X tons), India (X tons) and Rwanda (X tons) were the main destinations of NPK fertilizer exports from the United Arab Emirates, together comprising 61% of total exports. Sri Lanka lagged somewhat behind, accounting for a further 5.1%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka (with a CAGR of +76.0%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Myanmar ($X) and Rwanda ($X) constituted the largest markets for NPK fertilizer exported from the United Arab Emirates worldwide, with a combined 65% share of total exports. These countries were followed by Sri Lanka, which accounted for a further 5.4%.

Among the main countries of destination, Sri Lanka, with a CAGR of +71.4%, 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 NPK fertilizer export price amounted to $X per ton, waning by -2.1% against the previous year. Over the period under review, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by 4.6% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Myanmar ($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 Myanmar (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Npk Fertilizer Imports

Imports into the United Arab Emirates

In 2022, supplies from abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -16.5% to X tons, falling for the fifth year in a row after six years of growth. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 1,376%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, NPK fertilizer imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by 551% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Turkey (X tons) and China (X tons) were the main suppliers of NPK fertilizer imports to the United Arab Emirates, together comprising 33% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +179.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of mixed nitrogen, phosphorus and potassium (NPK) fertilizers to the United Arab Emirates, comprising 19% of total imports. The second position in the ranking was taken by Germany ($X), with an 8.6% share of total imports. It was followed by Belgium, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +166.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.5% per year) and Belgium (+7.4% per year).

Import Prices by Country

The average NPK fertilizer import price stood at $X per ton in 2022, picking up by 41% against the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 46% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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