GCC: Fertilizer Market 2025

Fertilizer Market Size in GCC

The GCC fertilizer market soared to $X in 2022, growing by X% against the previous year. Overall, consumption continues to indicate resilient growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Fertilizer Production in GCC

In value terms, fertilizer production stood at $X in 2022 estimated in export price. The total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Fertilizer Exports

Exports in GCC

In 2022, after two years of growth, there was significant decline in overseas shipments of fertilizers, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, fertilizer exports fell significantly to $X in 2022. Overall, exports, however, recorded a tangible increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank notably in the following year.

Exports by Country

In 2022, Saudi Arabia (X tons) was the key exporter of fertilizers, creating X% of total exports. Oman (X tons) held the second position in the ranking, distantly followed by Bahrain (X tons). All these countries together held near X% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the fertilizers exports, with a CAGR of X% from 2012 to 2022. At the same time, Bahrain (X%) and Oman (X%) displayed positive paces of growth. While the share of Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Oman (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest fertilizer supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia amounted to X%. In the other countries, the average annual rates were as follows: Oman (X% per year) and Bahrain (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced mixed trends in the export price figures.

Fertilizer Imports

Imports in GCC

In 2022, the amount of fertilizers imported in GCC shrank rapidly to X tons, with a decrease of X% on 2021 figures. In general, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, fertilizer imports contracted to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) were the major importers of fertilizers in 2022, finishing at near X% and X% of total imports, respectively. It was distantly followed by Oman (X tons), mixing up an X% share of total imports. The following importers - Qatar (X tons) and Kuwait (X tons) - together made up X% of total imports.

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

In value terms, the largest fertilizer importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X), together comprising X% of total imports. Qatar and Kuwait lagged somewhat behind, together accounting for a further X%.

Qatar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform