Turkey: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Turkey

The Turkish mixed fertilizer market shrank to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, posted a notable increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Mixed Fertilizer Production in Turkey

In value terms, mixed fertilizer production fell markedly to $X in 2022 estimated in export price. In general, production, however, continues to indicate strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Mixed fertilizer production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Mixed Fertilizer Exports

Exports from Turkey

In 2022, approx. X tons of mixed fertilizers were exported from Turkey; picking up by X% compared with 2021 figures. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, mixed fertilizer exports surged to $X in 2022. Over the period under review, exports saw a strong expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

Romania (X tons), Iraq (X tons) and Ghana (X tons) were the main destinations of mixed fertilizer exports from Turkey, with a combined X% share of total exports. Brazil, India, Cyprus, Ireland, Syrian Arab Republic, Bulgaria, Venezuela and Greece lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for mixed fertilizer exported from Turkey were Romania ($X), Iraq ($X) and Ghana ($X), with a combined X% share of total exports. India, Brazil, Cyprus, Ireland, Syrian Arab Republic, Bulgaria, Venezuela and Greece lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 mixed fertilizer export price amounted to $X per ton, with an increase of X% against the previous year. Overall, export price indicated a measured 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, mixed fertilizer export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Ghana ($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 Venezuela (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Fertilizer Imports

Imports into Turkey

For the third consecutive year, Turkey recorded decline in purchases abroad of mixed fertilizers, which decreased by X% to X tons in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, mixed fertilizer imports surged to $X in 2022. In general, total imports indicated a moderate expansion 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of mixed fertilizer to Turkey, with a X% share of total imports. Moreover, mixed fertilizer imports from Russia exceeded the figures recorded by the second-largest supplier, Tunisia (X tons), threefold. Morocco (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (X% per year) and Morocco (X% per year).

In value terms, Russia ($X), Tunisia ($X) and Morocco ($X) appeared to be the largest mixed fertilizer suppliers to Turkey, with a combined X% share of total imports. China, Jordan, Norway, Italy, Greece and Lithuania lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Norway, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average mixed fertilizer import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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