Saudi Arabian Fertilizer Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Saudi Arabia Fertilizer Market Size and It is Segmented by Type (Nitrogenous Fertilizers, Phosphatic Fertilizers, Potassic Fertilizers, Secondary Fertilizers, and Micronutrient Fertilizers), Crop Type (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Other Crop Types). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Saudi Arabia Fertilizer Market Size

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Saudi Arabia Fertilizer Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 374.90 Million
Market Size (2029) USD 491.90 Million
CAGR (2024 - 2029) 5.60 %
Market Concentration Medium

Major Players

Saudi Arabia Fertilizer Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Saudi Arabia Fertilizer Market Analysis

The Saudi Arabia Fertilizer Market size is estimated at USD 374.90 million in 2024, and is expected to reach USD 491.90 million by 2029, growing at a CAGR of 5.60% during the forecast period (2024-2029).

The effects of COVID-19 were severe on the economy across the sectors of Saudi Arabia, resulting in a shortage of labor, temporary plant closures, and reduced operating rates across all the industrial sectors in the country. Even if factories have resumed their operation, there were issues regarding shipping and logistics. Thus, finding air, sea, or land freight was a major factor disrupting the companies involved in the industry. Higher costs of containers and shipping, hauling, and storage increased fertilizer prices.

Over the years, Saudi Arabia, a country that receives an average of just about four inches of rain every year, has aimed to develop its agricultural sector to achieve self-sufficiency in food security. Thus, the application of fertilizer to improve crop growth and yield is expected to become crucial, creating higher demand for fertilizer.

The effects of COVID-19 were severe on the economy across the sectors of Saudi Arabia, resulting in a shortage of labor, temporary plant closures, and reduced operating rates across all the industrial sectors in the country. Even if factories have resumed their operation, there were issues regarding shipping and logistics. Thus, finding air, sea, or land freight was a major factor disrupting the companies involved in the industry. Higher costs of containers and shipping, hauling, and storage increased fertilizer prices.

Although the nitrogenous fertilizer segment took the larger chunk of the market with the share of 39.3% in 2021, potassic fertilizer application is growing at a rapid rate, as it may enhance the plants' tolerance to abiotic stress, especially a lack of water, which may otherwise significantly reduce crop yields. Fruits and vegetable production has been growing in the country. The COVID-19 pandemic has emphasized the importance of developing local food sources. Thus, increased agricultural activity due to the government's various initiatives to achieve self-sufficiency is expected to drive the fertilizer market in the country over the forecast period.

Saudi Arabia Fertilizer Market Trends

Increasing Export Potential for Fertilizers

Saudi Arabia is the largest ammonia exporter in the GCC region. Exports of ammonia are mainly destined to the Indian market, the rest being diverted to other Asian and African countries. There are various potential sales destinations for Saudi Arabian ammonia producers in the Asia-Pacific, including China, Japan, South Korea, Thailand, and Vietnam. Arabian producers have a competitive advantage in supplying the Asian-Pacific region (especially South and South-East Asia) compared to its other European, African, and South American counterparts.

According to the ITC trade, the export quantity for urea increased during 2017-2020 in Saudi Arabia. The country's urea export was recorded as 3,797.5 thousand metric ton in 2017 and reached 4,428.7 thousand metric ton in 2020. Thailand was the major destination for Saudi Arabia, with a value share of 23.9% in 2020. Other destinations include the United States, Australia, South Africa, and New Zealand.

The availability of natural gas at an attractive price in the country gives an advantage of the low cost of production. The ability of producers to run plants efficiently and reliably makes the construction of export-orientated, integrated urea plants very attractive. This is expected to result in the overall growth of the market.

Saudi Arabia Fertilizer Market : Export Value in USD million, Urea Fertilizers, Saudi Arabia, 2017-2020

Nitrogenous Fertilizer Dominates the Product Type Segment

Saudi Arabia accounts for about one-third of the GCC fertilizer export volume of about 7.2 million metric tons, with urea representing 53% and the remaining shared between ammonia and DAP. Saudi Arabia mostly depends on imports for domestic vegetable consumption. To avoid complete reliance on vegetable imports, the Saudi government formulated policies that encourage farmers to grow crops that require low water over crops that consume more water. The yield of vegetables increased from 174,026 hg/ha in 2016 to 176,524 hg/ha in 2018, owing to the improved water conditions.

Increasing the cultivation of vegetable crops (tomatoes) drives the demand for ammonium sulfate as it also helps in the growth of plants by providing nitrogen. The domestic demand for ammonium sulfate is majorly met through imports. SafSulphur company is one of the key companies that offer good quality ammonium sulfate in Saudi Arabia. The import of ammonium sulfate in the country witnessed steady growth during the review period. For instance, as per ITC trade, the import of ammonium sulfate increased from 1,981 metric tons in 2019 to 2,126 metric tons in 2020, indicating possible market growth in the coming years.

Moreover, the government wants the country to be self-sufficient in vegetable production, especially after the food crisis a few years ago. As a result, the demand for nitrogenous fertilizers such as urea is anticipated to increase in the coming years.

Saudi Arabia Fertilizer Market : Revenue Share in %, Fertilizer Type, 2021

Saudi Arabia Fertilizer Industry Overview

The Saudi Arabia Fertilizers market is moderately consolidated in nature, in which major players account for 53.2% of the market share. Saudi Basic Industries Corporation (SABIC), Maaden phosphate Co., Arabian Agricultural Services Co. (ARASCO), Saudi United Fertilizer Co. (Al-Asmida), and Saf Sulphur Company are the major players in the Saudi Arabia fertilizer market.

The domestic and international players in the market are focusing on strategies such as increasing investments in research and development, product launches, expansions, and partnerships to improve their market share in the region.

Saudi Arabia Fertilizer Market Leaders

  1. Maaden Phosphate Co.

  2. Saudi Basic Industries Corporation (SABIC)

  3. Saudi United Fertilizer Company (Al-Asmida)

  4. Saf Sulphur Company 

  5. Arabian Agricultural Services Co. (ARASCO)

*Disclaimer: Major Players sorted in no particular order

Saudi Arabia Fertilizer Market Concentration
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Saudi Arabia Fertilizer Market News

In January 2022, SABIC Agri-Nutrients Company acquired the ETC Group (ETG) with a 49% stake in the ETG Inputs Holdco Limited for a transaction value of USD 320 million. The agreement is part of SABIC Agri-Nutrients Company's strategy to integrate the value chain and distribution of agri-nutrients markets.

In October 2021, JAS Global Industries expanded its presence in the Kingdom of Saudi Arabia by opening a new manufacturing facility in Riyadh. This strategic investment allows JAS to further expand its presence in the Kingdom with the aim of further enhancing its services in KSA.

Saudi Arabia Fertilizer Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of Substitute Products

      4. 4.4.4 Threat of New Entrants

      5. 4.4.5 Intensity Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Complex Fertilizers

    2. 5.2 Straight Fertilizers

      1. 5.2.1 Nitrogenous Fertilizers

        1. 5.2.1.1 Urea

        2. 5.2.1.2 Calcium Ammonium Nitrate

        3. 5.2.1.3 Ammonium Nitrate

        4. 5.2.1.4 Ammonium Sulfate

        5. 5.2.1.5 Anhydrous Ammonia

        6. 5.2.1.6 Other Nitrogenous Fertilizers

      2. 5.2.2 Phosphatic Fertilizers

        1. 5.2.2.1 Mono-ammonium Phosphate (MAP)

        2. 5.2.2.2 Di-ammonium Phosphate (DAP)

        3. 5.2.2.3 Single Super Phosphate (SSP)

        4. 5.2.2.4 Triple Super Phosphate (TSP)

        5. 5.2.2.5 Other Phosphatic Fertilizers

      3. 5.2.3 Potassic Fertilizers

        1. 5.2.3.1 Muriate of Potash (MOP)

        2. 5.2.3.2 Sulfate of Potash (SOP)

      4. 5.2.4 Secondary Macronutrient Fertilizers

      5. 5.2.5 Micronutrient Fertilizers

    3. 5.3 Application

      1. 5.3.1 Grains and Cereals

      2. 5.3.2 Pulses and Oilseeds

      3. 5.3.3 Fruits and Vegetables

      4. 5.3.4 Commercial Crops

      5. 5.3.5 Turf and Ornamental Crops

    4. 5.4

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Maaden phosphate Co.

      2. 6.3.2 Saudi Basic Industries Corporation (SABIC)

      3. 6.3.3 Al-Jubail Fertilizer Company (AlBayroni)

      4. 6.3.4 Al-Tayseer Chemical Industry

      5. 6.3.5 Jas Global Industries

      6. 6.3.6 Arabian Agricultural Services Co. (ARASCO)

      7. 6.3.7 Saudi United Fertilizer Company (AlAsmida)

      8. 6.3.8 Takamul National Agriculture

      9. 6.3.9 Saf Sulphur Company

  7. 7. MARKET OPPORTUNITIES AND FUTURE TREND

  8. 8. AN ASSESSMENT OF THE IMPACT OF COVID-19 ON THE MARKET

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Saudi Arabia Fertilizer Industry Segmentation

The International Fertilizer Association defines a fertilizer as 'any solid, liquid, or gaseous substance containing one or more plant nutrient in known amount, which is applied to the soil directly on plants, or as added aqueous solutions (as in fertigation), to maintain soil fertility, improve crop development, yield, and crop quality'.

The Saudi Arabia Fertilizers Market is segmented by Type Complex, Straight (Nitrogenous Fertilizers, Phosphatic Fertilizers, Potassic Fertilizers, Secondary Fertilizers, and Micronutrient Fertilizers) and Crop Type (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Turf and Ornamental Crops). The report offers the market sizes and forecasts in value (USD) for all the above segments.

Straight Fertilizers
Nitrogenous Fertilizers
Urea
Calcium Ammonium Nitrate
Ammonium Nitrate
Ammonium Sulfate
Anhydrous Ammonia
Other Nitrogenous Fertilizers
Phosphatic Fertilizers
Mono-ammonium Phosphate (MAP)
Di-ammonium Phosphate (DAP)
Single Super Phosphate (SSP)
Triple Super Phosphate (TSP)
Other Phosphatic Fertilizers
Potassic Fertilizers
Muriate of Potash (MOP)
Sulfate of Potash (SOP)
Secondary Macronutrient Fertilizers
Micronutrient Fertilizers
Application
Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Commercial Crops
Turf and Ornamental Crops
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Saudi Arabia Fertilizer Market Research FAQs

The Saudi Arabia Fertilizer Market size is expected to reach USD 374.90 million in 2024 and grow at a CAGR of 5.60% to reach USD 491.90 million by 2029.

In 2024, the Saudi Arabia Fertilizer Market size is expected to reach USD 374.90 million.

Maaden Phosphate Co., Saudi Basic Industries Corporation (SABIC), Saudi United Fertilizer Company (Al-Asmida), Saf Sulphur Company and Arabian Agricultural Services Co. (ARASCO) are the major companies operating in the Saudi Arabia Fertilizer Market.

In 2023, the Saudi Arabia Fertilizer Market size was estimated at USD 353.91 million. The report covers the Saudi Arabia Fertilizer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Fertilizer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Saudi Arabia Fertilizer Industry Report

Statistics for the 2024 Saudi Arabia Fertilizer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Fertilizer analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Saudi Arabian Fertilizer Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)