MENA: Nitrogenous Fertilizer Market 2023

Nitrogenous Fertilizer Market Size in MENA

The MENA's nitrogenous fertilizer market expanded rapidly to $X in 2022, increasing by 9.7% against the previous year. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +72.3% against 2016 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Nitrogenous Fertilizer Production in MENA

In value terms, nitrogenous fertilizer production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 12%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Nitrogenous Fertilizer Exports

Exports in MENA

After three years of decline, shipments abroad of nitrogenous fertilizers (mineral or chemical) increased by 3.5% to X tons in 2022. Total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.8% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of 22% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, nitrogenous fertilizer exports amounted to $X in 2022. Total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 44% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Saudi Arabia (X tons), Algeria (X tons), Oman (X tons), Turkey (X tons), Egypt (X tons) and the United Arab Emirates (X tons) represented roughly 88% of total exports in 2022. It was distantly followed by Iran (X tons), creating a 6% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Algeria (with a CAGR of +47.7%), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Saudi Arabia ($X) and Algeria ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 55% of total exports.

In terms of the main exporting countries, Algeria, with a CAGR of +49.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, approximately equating the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 57%. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+6.8%), while the other leaders experienced more modest paces of growth.

Nitrogenous Fertilizer Imports

Imports in MENA

In 2022, approx. X tons of nitrogenous fertilizers (mineral or chemical) were imported in MENA; with an increase of 27% compared with 2021. The total import volume increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 27%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, nitrogenous fertilizer imports skyrocketed to $X in 2022. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 70%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Turkey prevails in imports structure, resulting at X tons, which was approx. 78% of total imports in 2022. Morocco (X tons) ranks second in terms of the total imports with a 6.2% share, followed by Israel (5.5%). Djibouti (X tons) took a relatively small share of total imports.

Imports into Turkey increased at an average annual rate of +7.0% from 2012 to 2022. At the same time, Israel (+10.9%) and Morocco (+1.6%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in MENA, with a CAGR of +10.9% from 2012-2022. By contrast, Djibouti (-5.3%) illustrated a downward trend over the same period. While the share of Turkey (+15 p.p.) and Israel (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Morocco (-2.2 p.p.) and Djibouti (-6.4 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) constitutes the largest market for imported nitrogenous fertilizers (mineral or chemical) in MENA, comprising 80% of total imports. The second position in the ranking was held by Morocco ($X), with a 6.9% share of total imports. It was followed by Israel, with a 5% share.

In Turkey, nitrogenous fertilizer imports expanded at an average annual rate of +9.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Morocco (+5.7% per year) and Israel (+10.4% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, with an increase of 21% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nitrogenous fertilizer import price increased by +98.8% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of 52% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per ton), while Djibouti ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+4.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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