Saudi Arabian Fertilizer Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 Saudi Arabia leads the GCC in ammonia exports, primarily supplying India and other Asian and African nations. Among potential markets in the Asia-Pacific, including China, Japan, South Korea, Thailand, and Vietnam, Saudi producers possess a competitive edge, especially in South and Southeast Asia. Urea exports from Saudi Arabia surged from 3,797.5 thousand metric tons in 2017 to 4,428.7 thousand metric tons in 2020, with Thailand as the top destination at 23.9% in 2020, followed by the United States, Australia, South Africa, and New Zealand.

The Saudi fertilizer market is projected to grow from USD 646.87 billion in 2023 to USD 924.35 billion by 2028, expanding at a CAGR of 7.40% during the forecast period. The COVID-19 impact was profound, causing labor shortages, temporary plant closures, and reduced operational capacities across sectors. Despite resumed operations, logistical challenges in securing air, sea, or land freight, along with increased shipping costs, impacted fertilizer pricing.

Saudi Arabia, with an average rainfall of about four inches annually, has prioritized agricultural sector development for food security and self-sufficiency. Consequently, fertilizer application to enhance crop growth and yield is expected to escalate, driving higher demand for fertilizers in the region.

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