Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Turkey - 2024
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Turkey (CIF) - 2022
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Turkey (FOB) - 2022
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Turkey
- Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Turkey
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Turkey (CIF) - 2022
In 2022, the average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $593 per ton, surging by 62% against the previous year. Overall, the import price continues to indicate a noticeable expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,820 per ton), while the price for Russia ($502 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+28.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Turkey (FOB) - 2022
In 2022, the average export price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $7,723 per ton, rising by 765% against the previous year. Overall, the export price continues to indicate a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($53,011 per ton), while the average price for exports to Syrian Arab Republic ($173 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 Azerbaijan (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Turkey
In 2022, approx. 25K tons of fertilizers, mineral or chemical; containing nitrates and phosphateses were imported into Turkey; surging by 27% on the previous year's figure. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 1,962%. As a result, imports attained the peak of 78K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses skyrocketed to $15M in 2022. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 1,177% against the previous year. As a result, imports attained the peak of $18M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | N/A | 17.9 | N/A | 7.7 | -34.4% |
| Russia | N/A | N/A | 4.9 | 6.0 | 22.4% |
| Italy | N/A | 0.1 | 0.4 | 0.8 | 182.8% |
| Belgium | 1.3 | N/A | N/A | N/A | 0% |
| Greece | N/A | N/A | 1.9 | N/A | 0% |
| Others | 0.1 | 0.1 | 0.1 | 0.5 | 71.0% |
| Total | 1.4 | 18.1 | 7.3 | 15.0 | 120.5% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Turkey in 2022:
- Norway (12.7K tons)
- Russia (12.0K tons)
- Italy (0.4K tons)
Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Turkey
In 2022, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses from Turkey soared to 162 tons, jumping by 442% compared with the previous year. Over the period under review, exports, however, saw a dramatic shrinkage.
In value terms, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses skyrocketed to $1.2M in 2022. In general, exports, however, showed a relatively flat trend pattern.
| Export of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | N/A | N/A | N/A | 1,164 | 0% |
| Trinidad and Tobago | N/A | N/A | N/A | 22.0 | 0% |
| Uzbekistan | 7.3 | N/A | N/A | 18.1 | 35.3% |
| Syrian Arab Republic | 13.0 | N/A | N/A | 13.4 | 1.0% |
| Maldives | N/A | N/A | N/A | 10.5 | 0% |
| Lebanon | N/A | N/A | 3.2 | 6.1 | 90.6% |
| Turkmenistan | 33.8 | 7.1 | N/A | 0.9 | -70.1% |
| Iraq | 0.5 | N/A | 10.9 | N/A | 366.9% |
| Iran | 1,209 | N/A | N/A | N/A | 0% |
| Others | 1.1 | 10.4 | 12.5 | 13.4 | 130.1% |
| Total | 1,265 | 17.5 | 26.6 | 1,249 | -0.4% |
Top Export Markets for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates from Turkey in 2022:
- Syrian Arab Republic (77.6 tons)
- Trinidad and Tobago (28.0 tons)
- Maldives (23.8 tons)
- Cote d'Ivoire (22.0 tons)
- Lebanon (5.0 tons)
- Uzbekistan (3.0 tons)
- Turkmenistan (0.3 tons)
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