Price for Fertilizers; Mineral or Chemical, Phosphatic in Turkey - 2023

Price for Fertilizers; Mineral or Chemical, Phosphatic in Turkey (CIF) - 2022

In 2022, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $472 per ton, rising by 29% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizers; mineral or chemical, phosphatic import price increased by +88.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 44%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($1,443 per ton), while the price for Egypt amounted to $307 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fertilizers; Mineral or Chemical, Phosphatic in Turkey (FOB) - 2022

In 2022, the average export price for fertilizers; mineral or chemical, phosphatics amounted to $453 per ton, increasing by 51% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 106%. The export price peaked at $622 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Iraq.

From 2012 to 2022, the rate of growth in terms of prices for Ukraine amounted to +10.9% per year.

Imports of Fertilizers; Mineral or Chemical, Phosphatic in Turkey

After three years of growth, purchases abroad of fertilizers; mineral or chemical, phosphatics decreased by -57.9% to 22K tons in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 258%.

In value terms, fertilizers; mineral or chemical, phosphatic imports declined rapidly to $10M in 2022. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 263% against the previous year.

Import of Fertilizers; Mineral or Chemical, Phosphatic in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Egypt	1.6	2.8	5.5	5.7	52.7%
Spain	N/A	N/A	4.3	4.5	4.7%
Bulgaria	N/A	N/A	3.7	N/A	0%
Tunisia	1.1	N/A	5.5	N/A	123.6%
Morocco	N/A	5.4	N/A	N/A	0%
Lebanon	N/A	1.4	N/A	N/A	0%
Others	N/A	0.2	0.1	N/A	-50.0%
Total	2.7	9.9	19.0	10.3	56.3%

Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to Turkey in 2022:

Egypt (18.6K tons)
Spain (3.1K tons)

Exports of Fertilizers; Mineral or Chemical, Phosphatic in Turkey

After three years of growth, overseas shipments of fertilizers; mineral or chemical, phosphatics decreased by -98.9% to 311 tons in 2022. Overall, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 508%. As a result, the exports reached the peak of 28K tons, and then reduced rapidly in the following year.

In value terms, fertilizers; mineral or chemical, phosphatic exports dropped dramatically to $141K in 2022. Over the period under review, exports continue to indicate a significant decline. The pace of growth was the most pronounced in 2021 when exports increased by 556% against the previous year. As a result, the exports reached the peak of $8.3M, and then contracted significantly in the following year.