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, showed a noticeable setback. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Phosphatic Fertilizer Production in the Middle East

In value terms, phosphatic fertilizer production contracted to $X in 2022 estimated in export price. Overall, production, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Phosphatic Fertilizer Exports

Exports in the Middle East

Phosphatic fertilizer exports fell to X tons in 2022, shrinking by X% against 2021 figures. Total exports indicated moderate growth 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 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then shrank in the following year.

In value terms, phosphatic fertilizer exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Israel (X tons) was the key exporter of phosphatic fertilizers, generating X% of total exports. It was distantly followed by Lebanon (X tons) and Jordan (X tons), together creating a X% share of total exports. Turkey (X tons) followed a long way behind the leaders.

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%) and Jordan (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. By contrast, Lebanon (X%) illustrated a downward trend over the same period. While the share of Israel (X p.p.), Turkey (X p.p.) and Jordan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Lebanon (X p.p.) displayed negative dynamics.

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 rate of growth in terms of value in Israel stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: 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, growing by X% against the previous year. Export price indicated a temperate increase 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 Lebanon ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Phosphatic Fertilizer Imports

Imports in the Middle East

Phosphatic fertilizer imports declined rapidly to X tons in 2022, with a decrease of X% against 2021 figures. Overall, imports, however, continue to indicate a slight increase. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, phosphatic fertilizer imports declined significantly to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Iran was the key importer of phosphatic fertilizers in the Middle East, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Turkey (X tons), Syrian Arab Republic (X tons) and Iraq (X tons), together comprising a X% share of total imports.

Iran experienced a relatively flat trend pattern with regard to volume of imports of phosphatic fertilizers. At the same time, Syrian Arab Republic (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. While the share of Turkey (X p.p.) and Syrian Arab Republic (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iran (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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 was relatively modest. 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, with a decrease of X% against the previous year. Overall, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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

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