Price for Fertilizers; Mineral or Chemical, Nitrogenous in Saudi Arabia - 2021
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Saudi Arabia (FOB) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Saudi Arabia (CIF) - 2022
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Saudi Arabia
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Saudi Arabia
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Saudi Arabia (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $343 per ton in 2022, which is down by -13.6% against the previous year. In general, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 53% against the previous year. Over the period under review, the average export prices attained the maximum at $428 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($759 per ton), while the average price for exports to Thailand ($239 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 India (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Saudi Arabia (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $382 per ton, dropping by -2.1% against the previous year. In general, the import price recorded a noticeable setback. The pace of growth appeared the most rapid in 2021 when the average import price increased by 4.3% against the previous year. Over the period under review, average import prices hit record highs at $552 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Sweden ($451 per ton) and Russia ($448 per ton), while the price for Egypt ($344 per ton) and South Korea ($365 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-2.6%), while the prices for the other major suppliers experienced a decline.
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Saudi Arabia
In 2022, overseas shipments of fertilizers; mineral or chemical, nitrogenoi decreased by -3.3% to 4.2M tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 17% against the previous year. As a result, the exports attained the peak of 4.4M tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, fertilizers; mineral or chemical, nitrogenous exports fell notably to $1.4B in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. As a result, the exports attained the peak of $1.7B, and then reduced rapidly in the following year.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 109 | 81.2 | 289 | 237 | 29.6% |
| India | 86.6 | 80.8 | 258 | 211 | 34.6% |
| Thailand | 260 | 275 | 226 | 198 | -8.7% |
| United States | 151 | 120 | 211 | 173 | 4.6% |
| Australia | 140 | 154 | 182 | 150 | 2.3% |
| South Africa | 75.0 | 108 | 161 | 132 | 20.7% |
| New Zealand | 97.4 | 106 | 156 | 128 | 9.5% |
| Djibouti | 45.8 | 36.6 | 24.8 | 27.8 | -15.3% |
| Others | 138 | 194 | 214 | 182 | 9.7% |
| Total | 1,103 | 1,156 | 1,722 | 1,439 | 9.3% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Saudi Arabia in 2022:
- Thailand (828.3K tons)
- United States (618.7K tons)
- Australia (528.3K tons)
- Bangladesh (438.6K tons)
- South Africa (365.6K tons)
- New Zealand (363.8K tons)
- India (278.5K tons)
- Djibouti (114.5K tons)
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Saudi Arabia
After two years of decline, purchases abroad of fertilizers; mineral or chemical, nitrogenoi increased by 0.3% to 64K tons in 2022. Overall, imports, however, recorded a mild decrease.
In value terms, fertilizers; mineral or chemical, nitrogenous imports declined to $24M in 2022. In general, imports, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 3.6% against the previous year.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 17.2 | 16.1 | 19.1 | 16.1 | -2.2% |
| Sweden | 0.6 | 0.3 | 3.5 | 3.0 | 71.0% |
| South Korea | 3.3 | 3.3 | 0.5 | 2.0 | -15.4% |
| Russia | 1.4 | 0.8 | 1.6 | 1.3 | -2.4% |
| Others | 3.9 | 3.5 | 0.2 | 2.0 | -20.0% |
| Total | 26.5 | 24.0 | 24.9 | 24.5 | -2.6% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Saudi Arabia in 2022:
- Egypt (46.9K tons)
- Sweden (6.6K tons)
- South Korea (5.4K tons)
- Russia (3.0K tons)
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