Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Turkey - 2024
Contents:
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Turkey (CIF) - 2022
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Turkey (FOB) - 2022
- Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Turkey
- Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Turkey
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Turkey (CIF) - 2022
In 2022, the average import price for fertilizers, mineral or chemical amounted to $802 per ton, picking up by 64% against the previous year. In general, the import price posted a perceptible increase. The growth pace was the most rapid in 2019 an increase of 228%. As a result, import price reached the peak level of $1,068 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Greece ($812 per ton), while the price for Germany amounted to $468 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Turkey (FOB) - 2022
The average export price for fertilizers, mineral or chemical stood at $886 per ton in 2022, which is down by -8.7% against the previous year. In general, the export price, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 221% against the previous year. Over the period under review, the average export prices reached the maximum at $1,918 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($1,298 per ton), while the average price for exports to Georgia ($635 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 Cyprus (+28.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Turkey
After three years of growth, purchases abroad of fertilizers, mineral or chemical decreased by -13.8% to 8.5K tons in 2022. In general, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 13,367% against the previous year.
In value terms, imports of fertilizers, mineral or chemical skyrocketed to $6.8M in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 3,299%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | N/A | 0.7 | 3.9 | 6.6 | 207.1% |
| Germany | N/A | 0.1 | 0.9 | 0.2 | 41.4% |
| Belgium | N/A | 0.4 | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | N/A | 1.2 | 4.8 | 6.8 | 138.0% |
Top Suppliers of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate to Turkey in 2022:
- Greece (8.1K tons)
- Germany (0.3K tons)
Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Turkey
In 2022, the amount of fertilizers, mineral or chemical exported from Turkey surged to 153 tons, growing by 132% against 2021 figures. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 223%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, exports of fertilizers, mineral or chemical skyrocketed to $135K in 2022. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lebanon | 17.4 | 17.4 | 29.9 | 40.6 | 32.6% |
| Libya | 7.7 | 12.6 | 6.6 | 34.8 | 65.3% |
| Cyprus | 1.0 | 7.4 | 7.5 | 18.6 | 165.0% |
| Georgia | N/A | N/A | N/A | 15.4 | 0% |
| Jordan | N/A | N/A | 4.7 | 11.9 | 153.2% |
| Azerbaijan | 0.6 | N/A | N/A | 11.6 | 168.4% |
| Syrian Arab Republic | N/A | 35.4 | N/A | N/A | 0% |
| Egypt | 2.4 | N/A | 14.6 | N/A | 146.6% |
| Others | 38.6 | 2.0 | 0.6 | 2.3 | -60.9% |
| Total | 67.7 | 74.8 | 63.9 | 135 | 25.9% |
Top Export Markets for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate from Turkey in 2022:
- Lebanon (53.6 tons)
- Libya (36.7 tons)
- Georgia (24.3 tons)
- Cyprus (14.3 tons)
- Jordan (12.0 tons)
- Azerbaijan (10.1 tons)
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