MENA: Phosphatic Fertilizer Market 2024

Phosphatic Fertilizer Market Size in MENA

In 2022, the MENA's phosphatic fertilizer market was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Phosphatic Fertilizer Production in MENA

In value terms, phosphatic fertilizer production dropped to $X in 2022 estimated in export price. In general, production, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Phosphatic Fertilizer Exports

Exports in MENA

In 2022, the amount of phosphatic fertilizers exported in MENA declined modestly to X tons, dropping by X% against 2021. Total exports indicated a mild expansion 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 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, phosphatic fertilizer exports skyrocketed to $X in 2022. Over the period under review, exports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

In 2022, Morocco (X tons) and Israel (X tons) represented the key exporters of phosphatic fertilizers in MENA, together generating X% of total exports. Egypt (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Tunisia (X%) and Lebanon (X%). Jordan (X tons) took a minor share of total exports.

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

In value terms, Morocco ($X), Israel ($X) and Egypt ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. Tunisia, Lebanon and Jordan lagged somewhat behind, together comprising a further X%.

Jordan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price recorded moderate growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Lebanon ($X per ton) and Tunisia ($X per ton), while Israel ($X per ton) and Jordan ($X per ton) were amongst the lowest.

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

Phosphatic Fertilizer Imports

Imports in MENA

In 2022, phosphatic fertilizer imports in MENA declined significantly to X tons, which is down by X% on the year before. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, phosphatic fertilizer imports reduced markedly to $X in 2022. In general, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Iran (X tons) represented the major importer of phosphatic fertilizers, making up X% of total imports. Turkey (X tons) ranks second in terms of the total imports with an X% share, followed by Syrian Arab Republic (X%) and Iraq (X%).

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 MENA, 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, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iran ($X) constitutes the largest market for imported phosphatic fertilizers in MENA, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Iraq, with a X% share.

In Iran, phosphatic fertilizer imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Iraq (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price recorded a pronounced decline. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices remained at a somewhat 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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