Turkey - Animal Or Vegetable Fertilisers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Animal or Vegetable Fertilisers in Turkey - 2023
Contents:
- Price for Animal or Vegetable Fertilisers in Turkey (CIF) - 2023
- Price for Animal or Vegetable Fertilisers in Turkey (FOB) - 2023
- Imports of Animal or Vegetable Fertilisers in Turkey
- Exports of Animal or Vegetable Fertilisers in Turkey
Price for Animal or Vegetable Fertilisers in Turkey (CIF) - 2023
In July 2023, the average animal or vegetable fertilisers import price amounted to $1,096 per ton, reducing by -40.3% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when the average import price increased by 72% month-to-month. The import price peaked at $2,782 per ton in February 2023; however, from March 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($2,140 per ton), while the price for Italy ($907 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 the United States (+25.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Animal or Vegetable Fertilisers in Turkey (FOB) - 2023
The average animal or vegetable fertilisers export price stood at $394 per ton in July 2023, declining by -53.5% against the previous month. Over the period under review, the export price, however, recorded a mild expansion. The most prominent rate of growth was recorded in August 2022 an increase of 61% against the previous month. The export price peaked at $1,070 per ton in May 2023; however, from June 2023 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Algeria ($1,194 per ton), while the average price for exports to Syrian Arab Republic ($116 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 Ethiopia (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Animal or Vegetable Fertilisers in Turkey
In 2022, the amount of animal or vegetable fertilisers imported into Turkey contracted to 8.2K tons, dropping by -10.3% compared with 2021 figures. Over the period under review, total imports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +3.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 69%. As a result, imports reached the peak of 9.1K tons, and then declined in the following year.
In value terms, animal or vegetable fertilisers imports fell slightly to $13M in 2022. In general, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by 97%. As a result, imports reached the peak of $14M, and then shrank modestly in the following year.
Import of Animal or Vegetable Fertilisers in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 1.8 | 1.7 | 3.0 | 3.0 | 18.6% |
China | 1.3 | 1.2 | 2.9 | 2.9 | 30.7% |
Italy | 1.0 | 1.6 | 2.6 | 2.6 | 37.5% |
United States | 2.9 | 1.0 | 2.1 | 2.2 | -8.8% |
United Kingdom | 0.3 | 0.5 | 0.9 | 0.9 | 44.2% |
Germany | 0.1 | 0.1 | 0.4 | 0.4 | 58.7% |
Others | 0.9 | 0.9 | 1.9 | 1.3 | 13.0% |
Total | 8.3 | 7.0 | 13.7 | 13.2 | 16.7% |
Top Suppliers of Animal or Vegetable Fertilisers to Turkey in 2022:
- Spain (2.2K tons)
- Italy (1.8K tons)
- China (1.8K tons)
- United States (1.6K tons)
- United Kingdom (0.2K tons)
- Germany (0.2K tons)
Exports of Animal or Vegetable Fertilisers in Turkey
In 2022, shipments abroad of animal or vegetable fertilisers decreased by -55.4% to 12K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 137%. As a result, the exports attained the peak of 26K tons, and then shrank significantly in the following year.
In value terms, animal or vegetable fertilisers exports shrank remarkably to $6.4M in 2022. Over the period under review, exports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2020 when exports increased by 73%.
Export of Animal or Vegetable Fertilisers in Turkey (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Syrian Arab Republic | 223 | 104 | 1,917 | 876 | 57.8% |
Libya | 131 | 2,394 | 111 | 753 | 79.1% |
Azerbaijan | 448 | 783 | 1,379 | 630 | 12.0% |
Italy | 409 | 417 | 984 | 450 | 3.2% |
Algeria | 43.2 | 350 | 859 | 393 | 108.8% |
Ukraine | 31.3 | 281 | 737 | 337 | 120.8% |
Tunisia | 197 | 277 | 590 | 269 | 10.9% |
Vietnam | 109 | 135 | 552 | 252 | 32.2% |
Iraq | 296 | 316 | 370 | 232 | -7.8% |
Iran | 211 | 213 | 440 | 201 | -1.6% |
Lebanon | 81.5 | 44.4 | 171 | 78.3 | -1.3% |
Others | 2,275 | 2,391 | 4,649 | 1,885 | -6.1% |
Total | 4,453 | 7,706 | 12,759 | 6,355 | 12.6% |
Top Export Markets for Animal or Vegetable Fertilisers from Turkey in 2022:
- Syrian Arab Republic (4385.2 tons)
- Libya (2157.7 tons)
- Azerbaijan (873.6 tons)
- Tunisia (565.7 tons)
- Italy (487.4 tons)
- Iraq (372.4 tons)
- Algeria (368.7 tons)
- Ukraine (272.8 tons)
- Iran (270.1 tons)
- Vietnam (212.0 tons)
- Lebanon (187.3 tons)
This report provides an in-depth analysis of the market for animal or vegetable fertilisers 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 20158000 - Animal or vegetable fertilisers
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
This report provides an in-depth analysis of the market for animal or vegetable fertilisers in Turkey.
This report provides an in-depth analysis of the global market for animal or vegetable fertilisers.
This report provides an in-depth analysis of the market for animal or vegetable fertilisers in Turkey.
This report provides an in-depth analysis of the global market for animal or vegetable fertilisers.
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