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Turkey - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNPK Fertilizer Price in Turkey - 2023
Contents:
- NPK Fertilizer Price in Turkey (CIF) - 2023
- NPK Fertilizer Price in Turkey (FOB) - 2023
- NPK Fertilizer Imports in Turkey
- NPK Fertilizer Exports in Turkey
NPK Fertilizer Price in Turkey (CIF) - 2023
The average NPK fertilizer import price stood at $549 per ton in September 2023, shrinking by -31.9% against the previous month. Over the period under review, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 71% against the previous month. Over the period under review, average import prices reached the peak figure at $1,885 per ton in June 2023; however, from July 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($1,885 per ton), while the price for Russia ($301 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Israel (+0.3%), while the prices for the other major suppliers experienced a decline.
NPK Fertilizer Price in Turkey (FOB) - 2023
In September 2023, the average NPK fertilizer export price amounted to $648 per ton, shrinking by -2.7% against the previous month. Over the period under review, the export price saw a noticeable downturn. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 44% month-to-month. As a result, the export price attained the peak level of $920 per ton. From March 2023 to September 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Azerbaijan ($2,026 per ton), while the average price for exports to Malaysia ($407 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
NPK Fertilizer Imports in Turkey
In 2022, the amount of mixed nitrogen, phosphorus and potassium (NPK) fertilizers imported into Turkey contracted dramatically to 150K tons, which is down by -31.1% compared with the previous year. Over the period under review, imports saw a pronounced descent. The growth pace was the most rapid in 2021 when imports increased by 38%. As a result, imports attained the peak of 218K tons, and then declined remarkably in the following year.
In value terms, NPK fertilizer imports expanded notably to $129M in 2022. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 67% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of NPK Fertilizer in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 37.3 | 20.5 | 48.6 | 40.4 | 2.7% |
Italy | 3.2 | 8.0 | 14.2 | 19.9 | 83.9% |
Netherlands | 2.7 | 7.8 | 11.5 | 12.2 | 65.3% |
Israel | 2.3 | 2.9 | 2.7 | 9.2 | 58.7% |
Belgium | 6.4 | 7.4 | 8.4 | 9.1 | 12.4% |
Spain | 2.5 | 3.3 | 3.8 | 8.4 | 49.8% |
Finland | N/A | 0.1 | 0.7 | 8.3 | 811.0% |
Greece | 0.9 | 5.0 | 2.8 | 4.0 | 64.4% |
Others | 7.0 | 16.5 | 26.8 | 17.9 | 36.7% |
Total | 62.3 | 71.6 | 119 | 129 | 27.5% |
Top Suppliers of NPK Fertilizer to Turkey in 2022:
- Russia (72.0K tons)
- Italy (17.2K tons)
- Belgium (13.1K tons)
- Finland (11.6K tons)
- Israel (7.1K tons)
- Greece (7.1K tons)
- Netherlands (6.2K tons)
- Spain (5.3K tons)
NPK Fertilizer Exports in Turkey
After three years of growth, overseas shipments of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -7.7% to 146K tons in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 79%.
In value terms, NPK fertilizer exports soared to $104M in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 67% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of NPK Fertilizer in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 0.1 | 1.7 | 0.7 | 17.6 | 460.4% |
Ghana | 6.9 | 3.7 | N/A | 13.6 | 25.4% |
Iraq | 3.9 | 7.8 | 9.9 | 13.3 | 50.5% |
Ireland | N/A | N/A | N/A | 8.1 | 0% |
Gambia | N/A | N/A | 4.0 | 5.2 | 30.0% |
Venezuela | N/A | 8.3 | 23.3 | 4.6 | -25.6% |
Syrian Arab Republic | N/A | N/A | N/A | 4.3 | 0% |
Iran | 1.5 | 1.1 | 1.5 | 4.0 | 38.7% |
Albania | 0.7 | 0.7 | 1.6 | 1.9 | 39.5% |
Ukraine | 5.1 | 4.5 | 16.2 | 1.4 | -35.0% |
Others | 16.5 | 23.5 | 28.7 | 29.9 | 21.9% |
Total | 34.6 | 51.3 | 86.0 | 104 | 44.3% |
Top Export Markets for NPK Fertilizer from Turkey in 2022:
- Ghana (27.6K tons)
- Romania (27.5K tons)
- Iraq (22.6K tons)
- Ireland (11.0K tons)
- Venezuela (8.0K tons)
- Gambia (7.0K tons)
- Syrian Arab Republic (6.9K tons)
- Iran (3.4K tons)
- Albania (2.5K tons)
- Ukraine (2.4K tons)
This report provides an in-depth analysis of the npk fertilizer market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 4021 - NPK fertilizers
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Fertilizer prices continue to ramp up due to a shortage in supply caused by lower output in EU countries. High natural gas costs shape that growth because gas accounts for up to 80% of variable costs in nitrogen fertilizer production. Urea prices spiked exceptionally high to $900 per ton in November 2021, gaining 30% against the previous month. Phosphate rock price rose by 4%, while diammonium phosphate and triple superphosphate were both up by 8%. Next year, fertilizer prices are projected to climb further due to a continued shortage in supply, but if costs for natural gas maintain their downward trend, they will hold the price increases back.
In March 2023, the price of NPK Fertilizer reached $830 per ton (CIF, Turkey), showing an increase of 8.2% compared to the previous month.