Saudi Arabia: Phosphate Rock Market 2022

Phosphate Rock Market Size in Saudi Arabia

In 2020, the Saudi phosphate rock market increased by X% to $X, rising for the fifth year in a row after two years of decline. In general, consumption continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when the market value increased by X% year-to-year. Phosphate rock consumption peaked in 2020 and is likely to see gradual growth in the immediate term.

Phosphate Rock Production in Saudi Arabia

In value terms, phosphate rock production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, production recorded a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production attained the peak level in 2020 and is expected to retain growth in the near future.

Phosphate Rock Exports

Exports from Saudi Arabia

In 2020, shipments abroad of phosphate rock increased by X% to X tons for the first time since 2017, thus ending a two-year declining trend. In general, exports posted prominent growth. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Exports peaked at X tons in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, phosphate rock exports totaled $X in 2020. Over the period under review, exports saw a slight decline. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. Exports peaked at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

China (X tons) was the main destination for phosphate rock exports from Saudi Arabia, with a X% share of total exports. Moreover, phosphate rock exports to China exceeded the volume sent to the second major destination, Spain (X tons), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume to China stood at +X%.

From 2007 to 2020, the average annual growth rate of value to China stood at +X%.

Export Prices by Country

In 2020, the average phosphate rock export price amounted to $X per ton, which is down by -X% against the previous year. In general, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. As a result, export price reached the peak level of $X per ton. from 2017 to 2020, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while the average price for exports to Spain totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China.

Phosphate Rock Imports

Imports into Saudi Arabia

In 2020, phosphate rock imports into Saudi Arabia amounted to X kg, approximately mirroring the year before. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2009; however, from 2010 to 2020, imports failed to regain the momentum.

In value terms, phosphate rock imports totaled $X in 2020. In general, imports recorded a slight downturn. The growth pace was the most rapid in 2012 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2009; however, from 2010 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons) and Tunisia (X tons) were the main suppliers of phosphate rock imports to Saudi Arabia.

From 2007 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (+X% per year).

In value terms, Turkey ($X) and Tunisia ($X) constituted the largest phosphate rock suppliers to Saudi Arabia.

Turkey (+X% per year) recorded the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average phosphate rock import price stood at $X per ton in 2016, remaining relatively unchanged against the previous year. Over the period under review, the import price showed tangible growth. The pace of growth was the most pronounced in 2012 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2014; however, from 2015 to 2016, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2016, the country with the highest price was Tunisia ($X per ton), while the price for Turkey stood at $X per ton.

From 2007 to 2016, the most notable rate of growth in terms of prices was attained by Tunisia.

Source: IndexBox Platform