Turkey - Mixed Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMixed Fertilizer Price in Turkey - 2023
Contents:
- Mixed Fertilizer Price in Turkey (CIF) - 2023
- Mixed Fertilizer Price in Turkey (FOB) - 2023
- Mixed Fertilizer Imports in Turkey
- Mixed Fertilizer Exports in Turkey
Mixed Fertilizer Price in Turkey (CIF) - 2023
The average mixed fertilizer import price stood at $729 per ton in July 2023, increasing by 14% against the previous month. In general, the import price, however, showed a abrupt setback. The most prominent rate of growth was recorded in September 2022 an increase of 27% m-o-m. The import price peaked at $1,404 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the Netherlands ($1,826 per ton), while the price for Kazakhstan ($519 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+24.7%), while the prices for the other major suppliers experienced a decline.
Mixed Fertilizer Price in Turkey (FOB) - 2023
The average mixed fertilizer export price stood at $497 per ton in July 2023, dropping by -24.8% against the previous month. Overall, the export price recorded a pronounced setback. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 30% m-o-m. The export price peaked at $896 per ton in February 2023; however, from March 2023 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Syrian Arab Republic ($585 per ton), while the average price for exports to Ukraine ($301 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Mixed Fertilizer Imports in Turkey
For the third consecutive year, Turkey recorded decline in purchases abroad of mixed fertilizers, which decreased by -1.5% to 829K tons in 2022. Overall, imports recorded a drastic downturn.
In value terms, mixed fertilizer imports soared to $635M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
Import of Mixed Fertilizer in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 117 | 54.4 | 104 | 185 | 16.5% |
Tunisia | 61.8 | 22.4 | 70.5 | 118 | 24.1% |
Morocco | 137 | 94.3 | 117 | 80.0 | -16.4% |
China | 23.3 | 21.8 | 37.6 | 53.5 | 31.9% |
Jordan | 10.8 | 27.4 | 38.3 | 30.3 | 41.0% |
Norway | 47.2 | 34.4 | 23.2 | 29.7 | -14.3% |
Italy | 3.5 | 9.1 | 21.5 | 29.0 | 102.4% |
Greece | 12.3 | 18.0 | 8.8 | 12.9 | 1.6% |
Others | 37.6 | 54.0 | 75.0 | 96.3 | 36.8% |
Total | 450 | 336 | 496 | 635 | 12.2% |
Top Suppliers of Mixed Fertilizer to Turkey in 2022:
- Russia (338.4K tons)
- Tunisia (132.8K tons)
- Morocco (79.4K tons)
- China (68.9K tons)
- Norway (49.7K tons)
- Jordan (39.7K tons)
- Italy (22.5K tons)
- Greece (19.4K tons)
Mixed Fertilizer Exports in Turkey
In 2022, exports of mixed fertilizers from Turkey was estimated at 484K tons, stabilizing at 2021. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 65% against the previous year. As a result, the exports reached the peak of 610K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, mixed fertilizer exports soared to $372M in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Mixed Fertilizer in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 4.0 | 11.7 | 38.9 | 127 | 216.7% |
Iraq | 80.5 | 85.8 | 55.3 | 107 | 10.0% |
India | N/A | 10.8 | N/A | 20.1 | 36.4% |
Brazil | N/A | 0.1 | 0.1 | 17.8 | 1234.2% |
Ghana | 6.9 | 8.7 | N/A | 14.8 | 29.0% |
Cyprus | 5.4 | 5.4 | 5.3 | 9.0 | 18.6% |
Ireland | N/A | N/A | N/A | 8.1 | 0% |
Syrian Arab Republic | 0.1 | 0.1 | 0.4 | 7.2 | 316.0% |
Bulgaria | 3.3 | 1.0 | 2.9 | 5.3 | 17.1% |
Venezuela | N/A | 8.3 | 23.3 | 4.6 | -25.6% |
Ukraine | 11.2 | 20.9 | 43.5 | 1.6 | -47.7% |
Italy | 6.2 | 11.6 | 5.8 | 0.1 | -74.7% |
Others | 24.1 | 36.7 | 71.3 | 48.7 | 26.4% |
Total | 142 | 201 | 247 | 372 | 37.9% |
Top Export Markets for Mixed Fertilizer from Turkey in 2022:
- Romania (163.3K tons)
- Iraq (149.0K tons)
- Ghana (28.7K tons)
- Brazil (27.1K tons)
- India (16.1K tons)
- Cyprus (13.3K tons)
- Ireland (11.0K tons)
- Syrian Arab Republic (10.9K tons)
- Bulgaria (8.1K tons)
- Venezuela (8.0K tons)
- Ukraine (2.9K tons)
- Italy (0.1K tons)
This report provides an in-depth analysis of the mixed fertilizer market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20157130 -
- Prodcom 20157180 -
- Prodcom 20157200 - Diammonium hydrogenorthophosphate (diammonium phosphate) (excluding in tablets or similar forms or in packages of a weight of . .10 kg)
- Prodcom 20157300 - Ammonium dihydrogenorthophosphate (monoammonium phosphate)
- Prodcom 20157400 - Other mineral or chemical fertilisers containing the two fertilising elements nitrogen and phosphorus
- Prodcom 20157500 - Mineral or chemical fertilisers containing the two fertilising elements phosphorus and potassium
- Prodcom 20157100 - Mineral or chemical fertilisers containing the three fertilising elements nitrogen, phosphorus and potassium (excluding those in tablets or similar forms, or in packages with a gross weight of . .10 kg)
- Prodcom 20157200 - Diammonium hydrogenorthophosphate (diammonium phosphate) (excluding in tablets or similar forms or in packages of a weight of . .10 kg)
- Prodcom 20157300 - Ammonium dihydrogenorthophosphate (monoammonium phosphate)
- Prodcom 20157400 - Other mineral or chemical fertilisers containing the two fertilising elements nitrogen and phosphorus
- Prodcom 20157500 - Mineral or chemical fertilisers containing the two fertilising elements phosphorus and potassium
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In March 2023, the price of NPK Fertilizer reached $830 per ton (CIF, Turkey), showing an increase of 8.2% compared to the previous month.
Discover the world's best import markets for mixed fertilizer and their key statistics. Gain insights into the demand and importance of fertilizers in global agriculture.
Monoammonium phosphate (MAP) is a widely used fertiliser that provides essential nutrients to plants, promoting healthy growth and increasing crop yields. This article explores the top import markets for MAP, including Brazil, Canada, Australia, Argentina, the United States, India, South Africa, Mexico, Paraguay, and Japan. These countries have significant agricultural industries and high demand for MAP to support their crop productivity.
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Fertilizer prices continue to ramp up due to a shortage in supply caused by lower output in EU countries. High natural gas costs shape that growth because gas accounts for up to 80% of variable costs in nitrogen fertilizer production. Urea prices spiked exceptionally high to $900 per ton in November 2021, gaining 30% against the previous month. Phosphate rock price rose by 4%, while diammonium phosphate and triple superphosphate were both up by 8%. Next year, fertilizer prices are projected to climb further due to a continued shortage in supply, but if costs for natural gas maintain their downward trend, they will hold the price increases back.
In March 2023, the price of NPK Fertilizer reached $830 per ton (CIF, Turkey), showing an increase of 8.2% compared to the previous month.