Saudi Arabia: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Saudi Arabia

The Saudi nitrogenous fertilizer market rose slightly to $X in 2022, increasing by X% against the previous year. In general, the total consumption indicated a remarkable 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, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Nitrogenous Fertilizer Production in Saudi Arabia

In value terms, nitrogenous fertilizer production rose 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 in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. Nitrogenous fertilizer production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Nitrogenous Fertilizer Exports

Exports from Saudi Arabia

Nitrogenous fertilizer exports from Saudi Arabia totaled X tons in 2022, growing by X% compared with 2021 figures. 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 most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, nitrogenous fertilizer exports expanded sharply to $X in 2022. Overall, exports continue to indicate a mild increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Thailand (X tons), the United States (X tons) and Australia (X tons) were the main destinations of nitrogenous fertilizer exports from Saudi Arabia, with a combined X% share of total exports. Bangladesh, South Africa, New Zealand, Mozambique and India lagged somewhat behind, together comprising a further X%.

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

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

In terms of the main countries of destination, Mozambique, 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 nitrogenous fertilizer export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Thailand ($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 Mozambique (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrogenous Fertilizer Imports

Imports into Saudi Arabia

After two years of decline, purchases abroad of nitrogenous fertilizers (mineral or chemical) increased by X% to X tons in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, nitrogenous fertilizer imports dropped to $X in 2022. Over the period under review, imports, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Egypt (X tons) constituted the largest supplier of nitrogenous fertilizer to Saudi Arabia, accounting for a X% share of total imports. Moreover, nitrogenous fertilizer imports from Egypt exceeded the figures recorded by the second-largest supplier, Sweden (X tons), sevenfold. The third position in this ranking was held by South Korea (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Egypt amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and South Korea (X% per year).

In value terms, Egypt ($X) constituted the largest supplier of nitrogenous fertilizers (mineral or chemical) to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by Sweden ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Egypt amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and South Korea (X% per year).

Import Prices by Country

The average nitrogenous fertilizer import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price recorded a noticeable descent. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure 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 countries with the highest prices were Sweden ($X per ton) and Russia ($X per ton), while the price for Egypt ($X per ton) and South Korea ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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