Turkey: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Turkey

The Turkish animal or vegetable fertilisers market rose sharply to $X in 2023, growing by X% against the previous year. In general, consumption continues to indicate a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Animal Or Vegetable Fertilisers in Turkey

In value terms, animal or vegetable fertilisers production skyrocketed to $X in 2023 estimated in export price. In general, production saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of Animal Or Vegetable Fertilisers

Exports from Turkey

After three years of growth, shipments abroad of animal or vegetable fertilisers decreased by X% to X tons in 2023. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2022, and then contracted dramatically in the following year.

In value terms, animal or vegetable fertilisers exports expanded modestly to $X in 2023. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the near future.

Exports by Country

Syrian Arab Republic (X tons) was the main destination for animal or vegetable fertilisers exports from Turkey, accounting for a X% share of total exports. Moreover, animal or vegetable fertilisers exports to Syrian Arab Republic exceeded the volume sent to the second major destination, Azerbaijan (X tons), threefold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Syrian Arab Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (X% per year) and Vietnam (X% per year).

In value terms, Azerbaijan ($X), Vietnam ($X) and Italy ($X) constituted the largest markets for animal or vegetable fertilisers exported from Turkey worldwide, together accounting for X% of total exports.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average animal or vegetable fertilisers export price stood at $X per ton in 2023, jumping by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Syrian Arab Republic ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Animal Or Vegetable Fertilisers

Imports into Turkey

In 2023, after two years of growth, there was significant decline in overseas purchases of animal or vegetable fertilisers, when their volume decreased by X% to X tons. In general, imports, however, saw prominent growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2022, and then reduced in the following year.

In value terms, animal or vegetable fertilisers imports amounted to $X in 2023. Overall, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X tons), Spain (X tons) and China (X tons) were the main suppliers of animal or vegetable fertilisers imports to Turkey, together comprising X% of total imports. The United States and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest animal or vegetable fertilisers suppliers to Turkey were Italy ($X), Spain ($X) and China ($X), together accounting for X% of total imports.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average animal or vegetable fertilisers import price amounted to $X per ton, growing by X% against the previous year. In general, import price indicated a tangible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, animal or vegetable fertilisers import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked in 2023 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Italy ($X per ton), while the price for China ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform