Middle East: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in the Middle East

The Middle Eastern potassic fertilizer market rose significantly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Potassic Fertilizer Production in the Middle East

In value terms, potassic fertilizer production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt slump. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Potassic Fertilizer Exports

Exports in the Middle East

In 2022, approx. X tons of potassic fertilizers were exported in the Middle East; waning by X% compared with 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then fell significantly in the following year.

In value terms, potassic fertilizer exports dropped dramatically to $X in 2022. Over the period under review, exports, however, saw a slight increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell dramatically in the following year.

Exports by Country

In 2022, Turkey (X tons) and Saudi Arabia (X tons) were the largest exporters of potassic fertilizers in the Middle East, together making up X% of total exports. It was distantly followed by the United Arab Emirates (X tons), Jordan (X tons) and Iran (X tons), together mixing up a X% share of total exports. The following exporters - Israel (X tons) and Bahrain (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the largest potassic fertilizer supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Potassic Fertilizer Imports

Imports in the Middle East

In 2022, potassic fertilizer imports in the Middle East soared to X tons, increasing by X% against 2021 figures. In general, imports posted a strong expansion. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, potassic fertilizer imports surged to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

Turkey was the largest importer of potassic fertilizers in the Middle East, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Saudi Arabia (X tons) ranks second in terms of the total imports with a X% share, followed by Iran (X%), Oman (X%) and the United Arab Emirates (X%). Kuwait (X tons) and Qatar (X tons) took a minor share of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Qatar (X%), Kuwait (X%), Oman (X%), Saudi Arabia (X%), the United Arab Emirates (X%) and Iran (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. While the share of Turkey (X p.p.), Kuwait (X p.p.), Oman (X p.p.) and Qatar (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iran (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported potassic fertilizers in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Iran ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

In Turkey, potassic fertilizer imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, continues to indicate a pronounced descent. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Iran ($X per ton) and the United Arab Emirates ($X per ton), while Kuwait ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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