Saudi Arabia: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Saudi Arabia

The Saudi mixed fertilizer market surged to $X in 2023, jumping by X% against the previous year. Over the period under review, consumption recorded a strong expansion. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Mixed Fertilizer Production in Saudi Arabia

In value terms, mixed fertilizer production totaled $X in 2023 estimated in export price. In general, production, however, showed a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Mixed fertilizer production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Mixed Fertilizer Exports

Exports from Saudi Arabia

In 2023, mixed fertilizer exports from Saudi Arabia fell to X tons, reducing by X% on 2022 figures. Overall, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, mixed fertilizer exports shrank rapidly to $X in 2023. In general, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell significantly in the following year.

Exports by Country

India (X tons) was the main destination for mixed fertilizer exports from Saudi Arabia, with a X% share of total exports. Moreover, mixed fertilizer exports to India exceeded the volume sent to the second major destination, Brazil (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and the United States (X% per year).

In value terms, India ($X), Brazil ($X) and the United States ($X) constituted the largest markets for mixed fertilizer exported from Saudi Arabia worldwide, with a combined X% share of total exports.

Among the main countries of destination, Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mixed fertilizer export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price continues to indicate a strong increase. The growth pace was the most rapid in 2021 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Brazil ($X per ton) and Pakistan ($X per ton), while the average price for exports to Mozambique ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%), while the prices for the other major destinations experienced a decline.

Mixed Fertilizer Imports

Imports into Saudi Arabia

Mixed fertilizer imports into Saudi Arabia totaled X tons in 2023, remaining relatively unchanged against the previous year. Overall, imports saw a perceptible decline. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, mixed fertilizer imports amounted to $X in 2023. In general, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Germany (X tons), China (X tons) and Belgium (X tons) were the main suppliers of mixed fertilizer imports to Saudi Arabia, with a combined X% share of total imports. Spain, the Netherlands and Jordan lagged somewhat behind, together accounting for a further X%. Moreover, mixed fertilizer imports in Germany exceeded the figures recorded by the second-largest supplier, China, twofold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), China ($X) and Spain ($X) constituted the largest mixed fertilizer suppliers to Saudi Arabia, with a combined X% share of total imports.

Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average mixed fertilizer import price amounted to less than $X per ton, reducing by X% against the previous year. In general, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform