Saudi Arabia Fertilizer Market (2024-2030) | Growth, Trends, Industry, Revenue, Outlook, Share, Size, Value, Analysis, Companies & Forecast

Market Forecast By Type (Straight Fertilizers, Complex Fertilizers), By Crop Type (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, Other) And Competitive Landscape
Product Code: ETC043219 Publication Date: Jul 2023 Updated Date: May 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Saudi Arabia Fertilizer Market Competition 2023

Saudi Arabia Fertilizer market currently, in 2023, has witnessed an HHI of 4046, Which has increased moderately as compared to the HHI of 1443 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

Saudi Arabia Export Potential Assessment For Fertilizer Market (Values in USD Thousand)


Saudi Arabia Fertilizer Market Synopsis

The Saudi Arabia fertilizer market is estimated to grow at a CAGR of 5.5% during the forecast period 2020-2026 and reach US$ 3,588.3 million by 2026. The rising demand for food crops, increased production of cereals and other crops due to increasing population are some of the major factors driving the growth of Saudi Arabia fertilizer market. The country has emerged as one of the leading markets in Middle East & North Africa (MENA) region for various types of fertilizers such as nitrogenous, phosphate, and potash fertilizers among others owing to its strong agricultural sector which supports crop production activities with large scale use of modern inputs including crop protection chemicals and fertilizers.

Market Drivers

Increasing population has led to a rise in demand for food grains across the globe including Saudi Arabia which is expected to propel demand for fertilizer over the forecast period. In order to meet this surging requirement, farmers have started using extensive amount of chemical fertilizers along with manure/organic manures so as to enhance their overall yield from limited land resources available in countries like Saudi Arabia. This eventually will create positive impact on global fertilizer market over forthcoming years thus becoming a major driver behind its growth throughout forecast period 2020-2026 . Expansion in agriculture sector particularly due rising government initiatives towards development of farmlands mainly through financial schemes is further expected drive up sales within this industry over coming years coupled with increase in usage levels amongst farmers even more than before making it another important factor contributing towards projected expansion rate between 2020-2026 .

Challenges of the Market

Although many domestic players exist within landscape yet cost associated with input materials required for manufacturing remains high thus resulting higher prices being charged from customers ultimately hampering potential buyers ability purchase them within budget along time consuming process obtaining necessary approvals often adding fuel fire further limiting profitability margins these firms during course study period thereby challenging companies operating space adversely throughout same timeline frame 2020-2026.

Covid 19 Impact on the Market

The COVID-19 pandemic has had a significant negative impact on the agriculture sector which consequently led to a decline in demand for fertilizer from farmers leading to reduced shipment volumes both domestically as well as internationally reducing profitability and revenues of most companies operating within this space making it difficult for them to meet their financial commitments towards payment of debts etc.. This situation is however likely to improve gradually over time post easing of restrictions imposed by the government which will enable increased movement thus allowing resumption of trading activities among these firms thereby restoring normalcy back into this business domain enabling players like ARASCO, SABIC , MAADEN ,YANBU etc.,to continue operating profitably.

key players of the Market

Key players operating in Saudi Arabia Fertilizer Market include Yara International ASA (Norway), CF Industries Holdings Inc (US), Haifa Chemicals Limited (Israel), EuroChem Group AG (Switzerland) , Coromandel International Ltd.(India).

Key Highlights of the Report:

  • Saudi Arabia Fertilizer Market Outlook
  • Market Size of Saudi Arabia Fertilizer Market, 2023
  • Forecast of Saudi Arabia Fertilizer Market, 2030
  • Historical Data and Forecast of Saudi Arabia Fertilizer Revenues & Volume for the Period 2020-2030
  • Saudi Arabia Fertilizer Market Trend Evolution
  • Saudi Arabia Fertilizer Market Drivers and Challenges
  • Saudi Arabia Fertilizer Price Trends
  • Saudi Arabia Fertilizer Porter's Five Forces
  • Saudi Arabia Fertilizer Industry Life Cycle
  • Historical Data and Forecast of Saudi Arabia Fertilizer Market Revenues & Volume By Type for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Fertilizer Market Revenues & Volume By Straight Fertilizers for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Fertilizer Market Revenues & Volume By Complex Fertilizers for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Fertilizer Market Revenues & Volume By Crop Type for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Fertilizer Market Revenues & Volume By Grains and Cereals for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Fertilizer Market Revenues & Volume By Pulses and Oilseeds for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Fertilizer Market Revenues & Volume By Commercial Crops for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Fertilizer Market Revenues & Volume By Fruits and Vegetables for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Fertilizer Market Revenues & Volume By Other for the Period 2020-2030
  • Saudi Arabia Fertilizer Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Crop Type
  • Saudi Arabia Fertilizer Top Companies Market Share
  • Saudi Arabia Fertilizer Competitive Benchmarking By Technical and Operational Parameters
  • Saudi Arabia Fertilizer Company Profiles
  • Saudi Arabia Fertilizer Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Saudi Arabia Fertilizer Market Overview

3.1 Saudi Arabia Country Macro Economic Indicators

3.2 Saudi Arabia Fertilizer Market Revenues & Volume, 2020 & 2030F

3.3 Saudi Arabia Fertilizer Market - Industry Life Cycle

3.4 Saudi Arabia Fertilizer Market - Porter's Five Forces

3.5 Saudi Arabia Fertilizer Market Revenues & Volume Share, By Type, 2020 & 2030F

3.6 Saudi Arabia Fertilizer Market Revenues & Volume Share, By Crop Type, 2020 & 2030F

4 Saudi Arabia Fertilizer Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Saudi Arabia Fertilizer Market Trends

6 Saudi Arabia Fertilizer Market, By Types

6.1 Saudi Arabia Fertilizer Market, By Type

6.1.1 Overview and Analysis

6.1.2 Saudi Arabia Fertilizer Market Revenues & Volume, By Type, 2020-2030F

6.1.3 Saudi Arabia Fertilizer Market Revenues & Volume, By Straight Fertilizers, 2020-2030F

6.1.4 Saudi Arabia Fertilizer Market Revenues & Volume, By Complex Fertilizers, 2020-2030F

6.2 Saudi Arabia Fertilizer Market, By Crop Type

6.2.1 Overview and Analysis

6.2.2 Saudi Arabia Fertilizer Market Revenues & Volume, By Grains and Cereals, 2020-2030F

6.2.3 Saudi Arabia Fertilizer Market Revenues & Volume, By Pulses and Oilseeds, 2020-2030F

6.2.4 Saudi Arabia Fertilizer Market Revenues & Volume, By Commercial Crops, 2020-2030F

6.2.5 Saudi Arabia Fertilizer Market Revenues & Volume, By Fruits and Vegetables, 2020-2030F

6.2.6 Saudi Arabia Fertilizer Market Revenues & Volume, By Other, 2020-2030F

7 Saudi Arabia Fertilizer Market Import-Export Trade Statistics

7.1 Saudi Arabia Fertilizer Market Export to Major Countries

7.2 Saudi Arabia Fertilizer Market Imports from Major Countries

8 Saudi Arabia Fertilizer Market Key Performance Indicators

9 Saudi Arabia Fertilizer Market - Opportunity Assessment

9.1 Saudi Arabia Fertilizer Market Opportunity Assessment, By Type, 2020 & 2030F

9.2 Saudi Arabia Fertilizer Market Opportunity Assessment, By Crop Type, 2020 & 2030F

10 Saudi Arabia Fertilizer Market - Competitive Landscape

10.1 Saudi Arabia Fertilizer Market Revenue Share, By Companies, 2023

10.2 Saudi Arabia Fertilizer Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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