Report Update Nov 1, 2024

Saudi Arabia - Nitrates of Potassium - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Potassium Nitrate Market 2024

Potassium Nitrate Market Size in Saudi Arabia

After three years of growth, the Saudi potassium nitrate market decreased by -2.8% to $X in 2022. Overall, consumption recorded a deep contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Potassium Nitrate Exports

Exports from Saudi Arabia

After two years of growth, shipments abroad of potassium nitrates decreased by -70.8% to X tons in 2016. Over the period under review, exports recorded a deep contraction. The growth pace was the most rapid in 2015 with an increase of 75%. As a result, the exports attained the peak of X tons, and then dropped notably in the following year.

In value terms, potassium nitrate exports declined rapidly to $X in 2016. In general, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2015 when exports increased by 74% against the previous year. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Finland (X tons) was the main destination for potassium nitrate exports from Saudi Arabia, accounting for a 95% share of total exports. Moreover, potassium nitrate exports to Finland exceeded the volume sent to the second major destination, France (X tons), more than tenfold.

From 2012 to 2016, the average annual rate of growth in terms of volume to Finland was relatively modest.

In value terms, Finland ($X) emerged as the key foreign market for potassium nitrates exports from Saudi Arabia, comprising 93% of total exports. The second position in the ranking was held by France ($X), with a 6.7% share of total exports.

From 2012 to 2016, the average annual rate of growth in terms of value to Finland was relatively modest.

Export Prices by Country

The average potassium nitrate export price stood at $X per ton in 2016, rising by 12% against the previous year. In general, the export price continues to indicate a mild expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2016, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Finland amounted to $X per ton.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Nitrate Imports

Imports into Saudi Arabia

In 2022, overseas purchases of potassium nitrates decreased by -1.3% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports saw a noticeable setback. The pace of growth was the most pronounced in 2019 with an increase of 15% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, potassium nitrate imports fell to $X in 2022. Overall, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 14% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Chile (X tons), Jordan (X tons) and China (X tons) were the main suppliers of potassium nitrate imports to Saudi Arabia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +11.7%), while imports for the other leaders experienced a decline.

In value terms, the largest potassium nitrate suppliers to Saudi Arabia were Chile ($X), Jordan ($X) and China ($X), together comprising 98% of total imports.

China, with a CAGR of +2.6%, recorded 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 a decline.

Import Prices by Country

In 2022, the average potassium nitrate import price amounted to $X per ton, declining by -2.3% against the previous year. Overall, the import price showed a pronounced decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by 8.5%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Jordan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potassium nitrates in the world?

China remains the largest potassium nitrate consuming country worldwide, accounting for 16% of total volume. Moreover, potassium nitrate consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Spain ranked third in terms of total consumption with a 5.5% share.

What are the largest producers of potassium nitrates in the world?

The countries with the highest volumes of in 2021 were China, Chile and India, together comprising 36% of global production.

What are the leading suppliers of potassium nitrates to Saudi Arabia?

In value terms, the Netherlands, Chile and Jordan were the largest potassium nitrate suppliers to Saudi Arabia, with a combined 68% share of total imports.

What are the leading importers of potassium nitrates from Saudi Arabia?

In value terms, Bahrain and Kuwait appeared to be the largest markets for potassium nitrate exported from Saudi Arabia worldwide.

What is the average export price for potassium nitrates in Saudi Arabia?

In 2018, the average potassium nitrate export price amounted to $1,045 per ton, remaining stable against the previous year.

What is the average import price for potassium nitrates in Saudi Arabia?

The average potassium nitrate import price stood at $768 per ton in 2021, shrinking by -3.9% against the previous year.

This report provides an in-depth analysis of the potassium nitrate market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 4025 -

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023