Key Market Indicators
In 2020, Iraq was ranked number 46, followed by Zimbabwe and Armenia, respectively ranking numbers 4 and 5. Iraq is set to see a major increase in fertilizer imports over the next five years, growing from 17,000 metric tons in 2021 to almost 23,000 metric tons by 2026. In the past decade, Iraqi demand has grown by a staggering 35%. In 2017, Iraqi fertilizer exports saw a huge jump from 8 metric tons to 53 metric tons, a 563% increase compared to the year before. This growth trend has continued, with a 19.7% increase year-on-year. In 2020, Iraq was ranked 46th, lagging behind Zimbabwe and Armenia in 4th and 5th place respectively.
