Saudi Arabia: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Saudi Arabia

In 2022, the Saudi mixed fertilizer market decreased by X% to $X, falling for the third year in a row after two years of growth. Overall, consumption, however, recorded pronounced growth. Mixed fertilizer consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Mixed Fertilizer Production in Saudi Arabia

In value terms, mixed fertilizer production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed prominent growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Mixed Fertilizer Exports

Exports from Saudi Arabia

In 2022, shipments abroad of mixed fertilizers increased by X% to X tons, rising for the seventh consecutive year after three years of decline. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, mixed fertilizer exports declined to $X in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

India (X tons) was the main destination for mixed fertilizer exports from Saudi Arabia, accounting for 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 taken by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to India amounted to 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, the largest markets for mixed fertilizer exported from Saudi Arabia were India ($X), Brazil ($X) and the United States ($X), together comprising X% of total exports.

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

Export Prices by Country

The average mixed fertilizer export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price, however, recorded a slight increase. The pace of growth was the most pronounced in 2013 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Brazil ($X per ton) and Pakistan ($X per ton), while the average price for exports to the United States ($X per ton) and India ($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

In 2022, the amount of mixed fertilizers imported into Saudi Arabia fell significantly to X tons, with a decrease of X% compared with the previous year's figure. Over the period under review, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, mixed fertilizer imports declined rapidly to $X in 2022. In general, imports saw a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest mixed fertilizer supplier to Saudi Arabia, with a X% share of total imports. Moreover, mixed fertilizer imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Belgium (X% per year).

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

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 $X per ton, growing by X% against the previous year. In general, the import price, however, showed a mild decrease. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

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