Saudi Arabia: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in Saudi Arabia

In 2022, the Saudi NPK fertilizer market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, showed a abrupt decline. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Npk Fertilizer Production in Saudi Arabia

In value terms, NPK fertilizer production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Npk Fertilizer Exports

Exports from Saudi Arabia

In 2022, approx. X tons of mixed nitrogen, phosphorus and potassium (NPK) fertilizers were exported from Saudi Arabia; with an increase of X% against the previous year's figure. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, NPK fertilizer exports expanded significantly to $X in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Mozambique (X tons), Ukraine (X tons) and Oman (X tons) were the main destinations of NPK fertilizer exports from Saudi Arabia, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for NPK fertilizer exported from Saudi Arabia were Ukraine ($X), Algeria ($X) and Mozambique ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Ukraine, with a CAGR of X%, recorded 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 NPK fertilizer export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Mozambique ($X 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 Qatar (X%), while the prices for the other major destinations experienced mixed trend patterns.

Npk Fertilizer Imports

Imports into Saudi Arabia

In 2022, the amount of mixed nitrogen, phosphorus and potassium (NPK) fertilizers imported into Saudi Arabia surged to X tons, rising by X% compared with 2021. In general, imports, however, recorded a abrupt descent. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, NPK fertilizer imports surged to $X in 2022. Overall, imports, however, showed a abrupt setback. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), China (X tons) and Belgium (X tons) were the main suppliers of NPK fertilizer imports to Saudi Arabia, with a combined X% share of total imports. Spain, the Netherlands and Jordan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest NPK fertilizer suppliers to Saudi Arabia were Germany ($X), China ($X) and Spain ($X), together comprising X% of total imports.

In terms of the main suppliers, Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average NPK fertilizer import price amounted to $X per ton, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the average import price increased by 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 lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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

Frequently Asked Questions (FAQ) :