Jordan: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in Jordan

The Jordanian NPK fertilizer market contracted significantly to $X in 2023, with a decrease of X% against the previous year. Overall, consumption, however, continues to indicate a noticeable increase. Consumption peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Npk Fertilizer Production in Jordan

In value terms, NPK fertilizer production reached $X in 2023 estimated in export price. In general, the total production indicated buoyant growth 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a somewhat lower figure.

Npk Fertilizer Exports

Exports from Jordan

In 2023, approx. X tons of mixed nitrogen, phosphorus and potassium (NPK) fertilizers were exported from Jordan; rising by X% compared with the previous year's figure. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, NPK fertilizer exports surged to $X in 2023. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Egypt (X tons), Ukraine (X tons) and Tanzania (X tons) were the main destinations of NPK fertilizer exports from Jordan, together comprising X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Ukraine ($X) and Tanzania ($X) constituted the largest markets for NPK fertilizer exported from Jordan worldwide, with a combined X% share of total exports.

Ukraine, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average NPK fertilizer export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2022 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (X%), while the prices for the other major destinations experienced a decline.

Npk Fertilizer Imports

Imports into Jordan

After two years of decline, purchases abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers increased by X% to X tons in 2023. In general, total imports indicated a perceptible 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, NPK fertilizer imports contracted to $X in 2023. The total import value 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 most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then shrank in the following year.

Imports by Country

Saudi Arabia (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of NPK fertilizer imports to Jordan, together comprising X% of total imports. Spain, Turkey, Italy, the United Arab Emirates, the United States, Germany, Chile and France lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest NPK fertilizer suppliers to Jordan were Saudi Arabia ($X), Belgium ($X) and Spain ($X), together accounting for X% of total imports. The Netherlands, Turkey, Italy, Germany, the United Arab Emirates, the United States, Chile and France lagged somewhat behind, together comprising a further X%.

Chile, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average NPK fertilizer import price stood at $X per ton in 2023, dropping by X% against the previous year. In general, the import price recorded a mild reduction. The growth pace was the most rapid in 2022 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform