Middle East: Market for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution 2024

Market Size for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in the Middle East

In 2023, after two years of growth, there was significant decline in the Middle Eastern market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, when its value decreased by X% to $X. Over the period under review, consumption recorded a noticeable reduction. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Production of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in the Middle East

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution rose slightly to $X in 2023 estimated in export price. In general, production, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Exports in the Middle East

After two years of growth, shipments abroad of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution decreased by X% to X tons in 2023. Over the period under review, exports showed a slight downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution reduced sharply to $X in 2023. In general, exports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Turkey (X tons) was the main exporter of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, constituting X% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a X% share, followed by Iran (X%) and Saudi Arabia (X%).

Turkey was also the fastest-growing in terms of the mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exports, with a CAGR of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%) and Iran (X%) displayed positive paces of growth. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), the United Arab Emirates (X p.p.) and Iran (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with an X% share.

In Turkey, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2023, declining by X% against the previous year. In general, the export price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Imports in the Middle East

In 2023, after three years of growth, there was significant decline in purchases abroad of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, when their volume decreased by X% to X tons. Overall, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports of hit record highs at X tons in 2022, and then fell notably in the following year.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution shrank rapidly to $X in 2023. In general, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted notably in the following year.

Imports by Country

In 2023, Israel (X tons) represented the key importer of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, generating X% of total imports. Turkey (X tons) took the second position in the ranking, followed by Palestine (X tons). All these countries together held approx. X% share of total imports.

Israel was also the fastest-growing in terms of the mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution imports, with a CAGR of X% from 2012 to 2023. At the same time, Turkey (X%) and Palestine (X%) displayed positive paces of growth. Israel (X p.p.), Turkey (X p.p.) and Palestine (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in the Middle East, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports.

In Israel, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Palestine (X% per year).

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per ton, dropping by X% against the previous year. Import price indicated a strong expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Palestine (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform