Iran: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Iran

The Iranian mixed fertilizer market soared to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a deep slump. Mixed fertilizer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Mixed Fertilizer Exports

Exports from Iran

In 2022, after two years of decline, there was significant growth in shipments abroad of mixed fertilizers, when their volume increased by X% to X tons. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mixed fertilizer exports skyrocketed to $X in 2022. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Turkey (X tons) and Afghanistan (X tons) were the main destinations of mixed fertilizer exports from Iran, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for mixed fertilizers exports from Iran, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with an X% share of total exports. It was followed by Afghanistan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Afghanistan (X% per year).

Export Prices by Country

The average mixed fertilizer export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed fertilizer export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Afghanistan ($X 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 India (X%), while the prices for the other major destinations experienced a decline.

Mixed Fertilizer Imports

Imports into Iran

In 2022, after three years of decline, there was significant growth in overseas purchases of mixed fertilizers, when their volume increased by X% to X tons. Overall, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, mixed fertilizer imports amounted to $X in 2022. In general, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest mixed fertilizer supplier to Iran, with a X% share of total imports. Moreover, mixed fertilizer imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), fivefold. The third position in this ranking was held by the United Arab Emirates (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X) constituted the largest supplier of mixed fertilizers to Iran, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The average mixed fertilizer import price stood at $X per ton in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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