Middle East: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in the Middle East

After six years of growth, the Middle Eastern nitrogenous fertilizer market decreased by X% to $X in 2023. The total consumption indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2016 indices. Over the period under review, the market attained the peak level at $X in 2022, and then declined slightly in the following year.

Nitrogenous Fertilizer Production in the Middle East

In value terms, nitrogenous fertilizer production stood at $X in 2023 estimated in export price. The total production indicated a temperate expansion from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Nitrogenous Fertilizer Exports

Exports in the Middle East

Nitrogenous fertilizer exports surged to X tons in 2023, with an increase of X% against the previous year's figure. Total exports indicated a slight expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, nitrogenous fertilizer exports surged to $X in 2023. Over the period under review, exports posted moderate growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in years to come.

Exports by Country

Saudi Arabia (X tons) and Oman (X tons) were the main exporters of nitrogenous fertilizers (mineral or chemical) in 2023, recording near X% and X% of total exports, respectively. Iran (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (X%), Turkey (X%) and Bahrain (X%). Jordan (X tons) took a little share of total exports.

From 2012 to 2023, the biggest increases were recorded for Turkey (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Oman ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports. Iran, Jordan, Bahrain and Turkey lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 the Middle East stood at $X per ton in 2023, falling by X% against the previous year. Overall, the export price, however, posted a mild increase. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then declined in the following year.

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 Jordan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the other leaders experienced more modest paces of growth.

Nitrogenous Fertilizer Imports

Imports in the Middle East

After two years of growth, purchases abroad of nitrogenous fertilizers (mineral or chemical) decreased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2022, and then contracted in the following year.

In value terms, nitrogenous fertilizer imports declined markedly to $X in 2023. In general, imports, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then shrank remarkably in the following year.

Imports by Country

Turkey prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2023. Israel (X tons), Iraq (X tons) and the United Arab Emirates (X tons) held a little share of total imports.

Turkey was also the fastest-growing in terms of the nitrogenous fertilizers (mineral or chemical) imports, with a CAGR of X% from 2012 to 2023. At the same time, Iraq (X%) and Israel (X%) displayed positive paces of growth. The United Arab Emirates experienced a relatively flat trend pattern. From 2012 to 2023, the share of Turkey increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported nitrogenous fertilizers (mineral or chemical) in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by Iraq, with a X% share.

In Turkey, nitrogenous fertilizer imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Israel (X% per year) and Iraq (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then dropped dramatically in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in the United Arab Emirates ($X per ton) and Israel ($X per ton), while Turkey ($X per ton) and Iraq ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform